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Towards a sustainable Growth story: A critical analysis of the fundamentals

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  • Saraswat, Deepak

Abstract

In this paper, I will develop an insight into the growth process of Indian Economy and will find that increased inequality due to unconventional transitions have its negative implications for future growth prospects and the overall issue of sustainability. The objective of this paper is to throw light on theoretical concepts of growth process and to suggest some policies which are in line with the conventions and at the same time are well integrated with the contemporary Indian Economy. Issues like that of consumption inequality, labor mobility etc. have been identified as inhibiting factors for a smooth flow of transitions and with a sector specific analysis, have been dealt with, so as to remove them and make the transition process free flowing, which will bring about a sustainable long-run growth strategy.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12306.

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Date of creation: Dec 2008
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Handle: RePEc:pra:mprapa:12306

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Keywords: Consumption Inequality; Labor Mobility;

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  1. Deepika Goel, 2002. "Impact of Infrastructure on Productivity: Case of Indian Registered Manufacturing," Working papers, Centre for Development Economics, Delhi School of Economics 106, Centre for Development Economics, Delhi School of Economics.
  2. Gersovitz, Mark, 1983. "Savings and Nutrition at Low Incomes," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 91(5), pages 841-55, October.
  3. Stephane Straub, 2011. "Infrastructure and Development: A Critical Appraisal of the Macro-level Literature," Journal of Development Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 47(5), pages 683-708.
  4. Thomas Steger, 1997. "Productive Consumption and Growth in Developing Countries," Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht 64-97, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
  5. William D. Nordhaus, 2001. "Alternative Methods for Measuring Productivity Growth," NBER Working Papers 8095, National Bureau of Economic Research, Inc.
  6. Wheeler, David, 1980. "Basic needs fulfillment and economic growth : A simultaneous model," Journal of Development Economics, Elsevier, Elsevier, vol. 7(4), pages 435-451, December.
  7. Hicks, Norman L., 1979. "Growth vs basic needs: Is there a trade-off?," World Development, Elsevier, Elsevier, vol. 7(11-12), pages 985-994.
  8. Sen, Amartya, 1974. "Informational bases of alternative welfare approaches : Aggregation and income distribution," Journal of Public Economics, Elsevier, Elsevier, vol. 3(4), pages 387-403, November.
  9. Poonam Gupta, 2008. "What Constrains Indian Manufacturing," Working Papers id:1597, eSocialSciences.
  10. Ram, Rati & Schultz, Theodore W, 1979. "Life Span, Health, Savings, and Productivity," Economic Development and Cultural Change, University of Chicago Press, University of Chicago Press, vol. 27(3), pages 399-421, April.
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