India’s reform-led growth benefits the poor

Mancheri, Nabeel A (2011) India’s reform-led growth benefits the poor. East Asia Forum. pp. 1-3.

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Abstract: India’s recent government census data reveals remarkable progress in human development: an increasing literacy rate, reduced population growth, and a declining infant mortality rate throughout the country.The evidence runs counter to those who argue that India’s growth is only helping the rich, thus widening the poverty gap. The first phase of economic reforms in the 1990s led to an initial spurt in growth of over 7 per cent a year. Continuous reforms in key sectors subsequently increased growth to 8.94 per cent during the later period of 2003-04 to 2007-08, helping to buffer India against the financial crisis. GDP growth declined to 6.7 per cent in 2008-09, but in 2010 the economy revived and the robust 8.9 per cent growth in GDP for the first half of 2010-11 raises the possibility of a faster recovery to pre-crisis levels.
Item Type: Journal Paper
Additional Information: Copyright belongs to Publisher
Subjects: International Strategic and Security Studies Programme > Others
Divisions: Schools > International Strategic and Security Studies Programme
Date Deposited: 07 Dec 2015 06:02
Last Modified: 07 Dec 2015 06:02
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