Logo

Economic growth is unidimensional concept. It implies rise in real income. It also represents quantitative change in real national and per capita income. Commonly economic growth is associated with the developed countries of the world, because resources of these nations are previously developed. It is significant that growth is spontaneous and possible without economic development. However, development is a broader notion that includes growth and determinant of growth like technological and structural changes. An economy grows but it may not develop. Because poverty, backwardness, inequality may continue to persist due to the absence of technological and structural changes. But it is difficult to envision the development without economic growth. Thus; economic development is a multidimensional concept. It implies rise in real income accompanied by technological and structural changes. It represents qualitative changes in economic wants, institution, attitudes etc. Usually, it is connected with under developed nation. Because in these under developed nations resources are yet to develop. Development is not possible without the growth. It also requires and involves some sort of guidance, direction and regulations. This book ?Economic Development and Growth: An Indian Perspective? covers the aforesaid topics in detail by analysing the thought of many eminent economists, thinkers and reformers. It also covers the different areas of economic development of India. Besides, it is intended as a basic text for the students of arts, commerce, management and the candidates desirous of appearing all sorts of competitive examinations. In addition, it could serve as useful for common knowledge about the economic growth and development for the readers of all categories.