India: Defining and Explaining Inclusive Growth and Poverty Reduction

We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in India. We explore the role of economic policies and macrofinancial conditions in explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on education, and educational attainment rates are important for fostering inclusive growth. Macro-financial stability, with particular attention to inflation risks, is also criticial for promoting inclusive growth.
Publication date: April 2014
ISBN: 9781484354230
$18.00
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Topics covered in this book

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Economics- Macroeconomics , Economics / General , International - Economics , India , state level growth , poverty , inequality , inclusive growth

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