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The Spending Challenge of Achieving the SDGs in South Asia: Lessons from India

Author

Listed:
  • Ms. Mercedes Garcia-Escribano
  • Ms. Tewodaj Mogues
  • Marian Moszoro
  • Mauricio Soto

Abstract

South Asia has experienced significant progress in improving human and physical capital over the past few decades. Within the region, India has become a global economic powerhouse with enormous development potential ahead. To foster human and economic development, India has shown a strong commitment to the Sustainable Development Goals (SDG) Agenda. This paper focuses on the medium-term development challenges that South Asia, and in particular India, faces to ensure substantial progress along the SDGs by 2030. We estimate the additional spending needed in critical areas of human capital (health and education) and physical capital (water and sanitation, electricity, and roads). We document progress on these five sectors for India relative to other South Asian countries and discuss implications for policy and reform.

Suggested Citation

  • Ms. Mercedes Garcia-Escribano & Ms. Tewodaj Mogues & Marian Moszoro & Mauricio Soto, 2021. "The Spending Challenge of Achieving the SDGs in South Asia: Lessons from India," IMF Working Papers 2021/294, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2021/294
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    Cited by:

    1. Omid Sabbaghi, 2024. "The United Nations Sustainable Development Goals and global finance: Recent evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4020-4033, September.
    2. Ninditya Nareswari & Małgorzata Tarczyńska‐Łuniewska & Katarzyna Szopik‐Depczyńska & Grațiela Georgiana Noja, 2025. "Exploring Asia's Sustainable Future: A Panel Causality Analysis of Financial Growth, Technology, and Institutional Quality in Achieving Sustainable Development Goals," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(4), pages 5185-5196, August.

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    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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