Intersectoral Relationships in a Developing Economy: The Indian Experience
Synopsis
This book is a pioneering and pathbreaking relationships in a developing economy. This study is based in India's experience in the last four decades and covers a wide canvas of these relationships viz. product flows for intermediate and final uses; trends and changes in sectoral patterns of investment; outputs and work force; marketed surplus terms of trade (net barter terms of trade and income terms of trade). The study presents an in-depth analysis of the most recent patterns of intersectoral relationships covering upto 1991-92. The methodology for studying product flows between the sectors and estimating the marketed surplus of agriculture, and the conceptualisation and methodology of applying the tool of terms of trade normally used in international trade to intersectoral trade was first pioneered by the author as early as 1963 in her doctoral work. The book is a valuable contribution in documenting this first ever through exercise in methodology, estimation and empirical analysis of changing intersectoral relationships in the context of India's economic development. The book will be of immense use to students of development economics, researchers and policy makers handling not only agricultural price policy but also sectoral policies in general.
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