Recent Growth Experience of the Indian Economy-Some Comments

Some Comments Prabhat Patnaik In an economy of the size and with the characteristics that India has, the stimulus for industrialisation has to come from agriculture rather than from the external sector. Industry has to grow by 'exporting' domestically to the agricultural sector, rather than abroad. For this an acceleration of agricultural growth is necessary which in turn requires a restructuring of agrarian relations, larger public outlays directed towards agriculture and with better regional spread, and fair' terms of trade and marketing arrangements.