ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Constraints on Growth and Policy Options-Reply

December 17, 1977 Constraints on Growth and Policy Options Reply A Vaidyanathan T N SRINIVASAN's comment (EPW, November 26,; 1977) challenges pretty much everything I had to say on the performance and prospects of the Indian economy in my two recent articles published in this journal (Special Number, August 1977, and September 17, 1977). Although ostensibly a comment on my articles, he has also used the occasion to launch a more general attack on opinions (especially on the role of outward oriented growth strategy) which happen to differ from his. The following response is, however, limited to only criticisms which directly relate to the arguments and judgments contained in my articles. These criticisms can be grouped broadly into three categories: (1) those relating to the explanations for the stagnation of the economy during the last decade; (2) those questioning the basis for my assessment that it is highly improbable that the rate of agricultural growth can be stepped up to anything like the targeted levels; (3) the potential for export-led industrialisation and its implications; and (4) the role of anti-poverty programmes. I shall deal with them in the same order.

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