About the lecture

In the second lecture, we discuss India’s development and industrial evolution, referencing the theoretical frameworks of Walt Rostow and Karl Marx. We focus on Rostow’s “Stages of Growth” model, outlining a sequential development model through ‘preconditions to take-off’, the ‘take-off’ stage itself, and ‘progression into a modern consumer society’. We take a look at India’s post-independence investment strategies, specifically in capital goods industries. Finally, we learn how India’s development has not been uniform throughout all of her states.

About the lecturer

Pritam has a doctorate in economics from the University of Oxford (Oriel College) where he was awarded the Edward Boyle/Charles Wallace Scholarship. He took his BA Hons School in Economics and MA Hons School in Economics degrees from Panjab University, Chandigarh (India). He was awarded the Junior Research Fellowship by the University Grants Commission in India to study at Jawaharlal Nehru University, Delhi from where he passed his Mphil with distinction. Before coming to Oxford, he has taught at University of Delhi as a Lecturer in Economics and at Panjab University, Chandigarh as a Reader in Economics. In 2007, he was elected as a Research Associate at the Department of International Development, Queen Elizabeth House, University of Oxford, and in 2009, he was a Visiting Professor at Jawaharlal Nehru University, Delhi and in 2013 at Moscow State University, Moscow. He leads the research cluster on Environmental and Development Economics in the Department.