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Role of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Rural Asset Creation in India –An Analysis

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  • Dhananjaya K
  • Prathibha M.S

Abstract

The MGNREGA ranks among the most powerful initiatives ever undertaken for transformation of rural livelihoods in India. The unprecedented commitment of financial resources is matched only by its imaginative architecture that promises a radically fresh programme of rural development. However, for MGNREGA to realise its potential, it must focus on raising the productivity of agriculture in India’s most backward regions. This can then lead further to the creation of allied livelihoods on the foundation of water security. This is also the only way we can envision a decline in the size of the work guarantee over time, as public investment under MGNREGA leads to higher rural incomes, that in turn spurs private investment and greater incomes and employment.

Suggested Citation

  • Dhananjaya K & Prathibha M.S, 2011. "Role of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Rural Asset Creation in India –An Analysis," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 7(4), pages 275-291, December.
  • Handle: RePEc:jge:journl:744
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    References listed on IDEAS

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    1. Richard Clarida & Jordi Galí & Mark Gertler, 2000. "Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory," The Quarterly Journal of Economics, Oxford University Press, vol. 115(1), pages 147-180.
    2. Dynan, Karen E. & Elmendorf, Douglas W. & Sichel, Daniel E., 2006. "Can financial innovation help to explain the reduced volatility of economic activity?," Journal of Monetary Economics, Elsevier, vol. 53(1), pages 123-150, January.
    3. Jean Boivin & Marc P. Giannoni, 2006. "Has Monetary Policy Become More Effective?," The Review of Economics and Statistics, MIT Press, vol. 88(3), pages 445-462, August.
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    More about this item

    Keywords

    Indian Economy; Rural Development; MNREGA;

    JEL classification:

    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

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