ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Theoretical Note in the Context of a Stylised Colonial Economy

THE possibility of a process of de-industria-lisation has been the focus of a considerable debate, not only with reference to colonial 19th century India, but also for some ad-vanced countries like Britain in a more re-cent period. The phenomenon is usually understood in terms of a contraction of out-put and/or employment in the manufactur-ing sector as a whole. The process is seen to be of concern when it reflects not merely structural features common to all economies over the process of development, but a fall in manufacturing output or employment which is beyond what may be 'expected' at a country's level of per capita GDP. In par-ticular, a fall in manufacturing activity associated with an absolute decline in total activity compared to an alternative growth path, implies both a current period loss as well as a lowering of the economy's future growth potential

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