Paper I · 5 Indian Economy & Development · 5.1.3 Growth and development

5.1.3.1 Growth and development: concepts, Kuznets curve and development theories (Rostow, Lewis, Nurkse, Hirschman)

Growth is a rise in output; development is wider, covering living standards, health, education and equity, and economists have offered different theories of how poor countries can move from one to the other.

  • TGPSC MPSO / ASO · Paper I
  • Standard level
  • 6 min read
  • Full course

Key terms

  • economic growth
  • economic development
  • Kuznets curve
  • Rostow
  • take-off
  • Lewis
  • Nurkse
  • vicious circle of poverty
  • Hirschman
  • unbalanced growth
  • big push
  • sustainable development

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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