GROWTH AND DEVELOPMENT: THE INDIAN EXPERIENCE

Majumder, Rajarshi (2005): GROWTH AND DEVELOPMENT: THE INDIAN EXPERIENCE.

Abstract

Debate over Growth and Development are quite old in the history of economic thinking. It is argued that development encompasses comprehensive issues like health, education, equality, and liveability while growth is too narrow a concept. This paper analyses the growth and development experience in India using multiple indicators. Development seems to have lagged behind growth in recent times. Disparity seems to have increased in the post-reform period, caused mainly by further slowing down of low-income states. Imbalances seem to have percolated across economic groups also. This leads us to believe that the remarkable growth that has occurred recently has not been egalitarian and hence development has failed to keep pace with it. Important reasons behind this may be imbalances in Infrastructural facilities and Public Investment, as well as differences in governance. Still, developmental level seems to be higher in the high growth regions, indicating the necessity of the latter for the former.

• Item Type: MPRA Paper
• Language: English
• Keywords: Growth; Development; Regional Disparity; Reforms; Inequality; India
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R12 - Size and Spatial Distributions of Regional Economic Activity; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E65 - Studies of Particular Policy Episodes; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development

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