Author: Veena Jha
Publisher: Academic Foundation
ISBN/UPC (if available): 9788171889525
The major challenge for India’s development is inclusive growth. Growth has reduced poverty and improved the human condition in India. But economic gains of the middle and richer classes have been greater than those that went to the poorer sections of society.
This is evident from the fact that reforms in areas such as telecommunications, banks, stock markets, airlines, trade and industrial policy have not been matched by agricultural and human development.
India’s industrialization continues to be capital and knowledge intensive at a time when over 250 million people survive on less than a day. If India grows in this way, it will take a long time to eradicate poverty, illiteracy and malnutrition.
Three decades ago, if asked to draw lessons from the Indian development experience for some of the great development debates-democracy versus development, states versus markets, opportunities versus guarantees-the answer would have been straightforward: never do as India does.
With the exception of a stubbornly persistent democracy, Indian economic performance had been unremarkable, and India remained the poster child for development policy choices gone wrong.
"Dr. Veena Jha is a brilliant economist who is exploring in this book the links between growth and inequality, throwing light on the question whether growth has been inclusive in recent experience. The book is important and should be read by all development economists."
= Prof. Jagdish Bhagwati Economics Department, Columbia University, USA
List of Tables and Figures
1. Role of Ictus and its trickle-down effects on India’s Economic Emergence
2. Inter-state migration and Trickle-down effect
3. Trickling down growth through the informal sector: Can Asset formation trickle up growth
4. Trickle up growth through gender parity
5. Can philanthropy Accelerate Trickling down
6. Governance Issues and Public Policy in Trickle Down