Trends in Technical Progress in India Analysis of Input-Output Tables from 1968 to 2003
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Date
2011-05-26Author
Dholakia, Ravindra H.
Agarwalla, Astha
Bazaz, Amir Bashir
Agarwal, Prasoon
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The paper is based on the eight input-output (I-O) tables for the Indian economy available over a period of 36 years from 1968-69 to 2003-4. The technical progress (TP) in the context of the I-O tables is based on the concept of a production function defining the relationship between gross output and material inputs as well as value added at the disaggregated sectoral level. The paper attempts to answer the following questions:
• Was the TP substantial and continuous throughout the period?
• Was the rate of TP during the inward looking and outward looking growth strategy phases of the economy the same?
• Was the rate of TP at the disaggregated sectoral level almost constant over time?
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