Growth, Development, and Diversity

Description

The Indian economy is very much like a patchwork quilt with differing colours and shapes—the whole may be pleasing to the eye, but a closer examination reveals several spots that do not mesh with the others. This volumeidentifies the various patterns of the economy and also analyses the contribution of liberalization-inducedgrowth to diverse development goals. The thirteen essays in the volume span a wide range of growth and development issues, including: • implications of the services and capital-intensive manufacturing-led growth for employment, income disparities, and poverty; • significance of institutions including financial, administrative, and village-level institutions for the promotion of growth with development; • impact of growth on schooling of children and child labour; • impact of international trade on growth, productivity, and employment; and • impact of remittances on education, employment, and structure of the regional economies. Combining economic theory with empirical analysis, the essays investigate the diverse relationship between growthand development in India’s economy, based on rigorous studies done in Kerala, Andhra Pradesh, Karnataka, WestBengal, Tamil Nadu, and Bihar. In doing so, they underscore the challenges facing policymakers in the pursuit ofinclusive growth.