India’s Economic Growth Since Independence: Transitions in the Trajectory

Abstract

India’s economic growth experience has been sought to be understood in various ways. One of the popular organising frames is the frame of periodization. And among the many ways to devise a periodization, the statistical tool of structural break analysis can lend a very useful hand in this exercise. We have utilised a very specific type of structural break model to analyse the transitions in the trajectory of India’s economic growth since its independence. We find that the technically derived transitions in the trajectory are, largely, in striking conformity with what would be expected given the history of India’s economic growth.