Growth And Development: The Indian Experience

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Growth And Development: The Indian Experience

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Majumder, Rajarshi

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Rajarshi Majumder

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4850.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:4850

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Find related papers by JEL classification:
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
R12 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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