Working Paper

Battles Half Won : The Political Economy of India's Growth and Economic Policy since Independence

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collection.link.122
https://openknowledge.worldbank.org/handle/10986/4397
collection.name.122
Commission on Growth and Development
dc.contributor.author
Ahmed, Sadiq
dc.contributor.author
Varshney, Ashutosh
dc.date.accessioned
2017-08-28T21:12:30Z
dc.date.available
2017-08-28T21:12:30Z
dc.date.issued
2008
dc.date.lastModified
2021-04-23T14:04:46Z
dc.description.abstract
Rapid growth since 1980 has transformed India from the world's 50th ranked economy in nominal U.S. dollars to the 10th largest in 2005. The growth of per capita income has helped reduce poverty. At the same time, evidence suggests that income inequality is rising and that the gap in average per capita income between the rich and poor states is growing. This paper reviews India's long term growth experience with a view to understanding the determinants of growth and the underlying political economy. The paper looks specifically at the political economy of India's growth transformation from a low-growth environment (pre-1980s) to a rapid-growth environment (post 1980s) and asks how sustainable is this transformation in view of concerns about regional disparity and income inequality. The paper concludes that the pledge that India's post-independence leadership had undertaken to abolish mass poverty remains only partially redeemed. Half the battle still lies ahead. Many more would like the fruits of the economic boom to come to them. The greatest challenge for India's policy makers today is to balance the growth momentum with inclusionary policies.
en
dc.identifier
http://documents.worldbank.org/curated/en/891731468330971811/Battles-half-won-the-political-economy-of-Indias-growth-and-economic-policy-since-independence
dc.identifier.uri
http://hdl.handle.net/10986/28048
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Commission on Growth and Development Working Paper;No. 15
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ABSOLUTE TERMS
dc.subject
ACCOUNTING
dc.subject
ADVERSE EFFECTS
dc.subject
AGRICULTURAL SECTOR
dc.subject
AGRICULTURE
dc.subject
ANNUAL GROWTH
dc.subject
ANNUAL GROWTH RATE
dc.subject
AVERAGE GROWTH
dc.subject
AVERAGE LEVEL
dc.subject
BALANCE OF PAYMENTS
dc.subject
BALANCE OF PAYMENTS CRISIS
dc.subject
BARGAINING
dc.subject
BASIC EDUCATION
dc.subject
BENEFICIARIES
dc.subject
CAPITAL ACCUMULATION
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL INFLOWS
dc.subject
CAPITAL MARKETS
dc.subject
CASUAL WORKERS
dc.subject
CENTRAL PLANNING
dc.subject
COMMAND ECONOMY
dc.subject
CORPORATE TAX RATES
dc.subject
COUNTRY CASE
dc.subject
CURRENCY
dc.subject
CURRENCY DEVALUATION
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
DEBT
dc.subject
DEBT SERVICE
dc.subject
DEMOCRACY
dc.subject
DEREGULATION
dc.subject
DEVALUATION
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPING WORLD
dc.subject
DEVELOPMENT INDICATORS
dc.subject
DEVELOPMENT PRACTITIONERS
dc.subject
DEVELOPMENT STRATEGIES
dc.subject
DEVELOPMENT STRATEGY
dc.subject
DIMINISHING RETURNS
dc.subject
DOMESTIC DEBT
dc.subject
DOWNSIDE RISKS
dc.subject
ECONOMIC BOOM
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC EXPANSION
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC HISTORY
dc.subject
ECONOMIC LIBERALIZATION
dc.subject
ECONOMIC OBJECTIVES
dc.subject
ECONOMIC OUTCOMES
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC POLICY
dc.subject
ECONOMIC REALM
dc.subject
ECONOMIC REFORM
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMIC SECTORS
dc.subject
ECONOMIC THEORIES
dc.subject
ECONOMICS
dc.subject
ECONOMICS PROFESSION
dc.subject
EDUCATIONAL ATTAINMENT
dc.subject
ELASTICITY
dc.subject
EMPLOYMENT
dc.subject
EQUAL RIGHTS
dc.subject
EQUITY ISSUES
dc.subject
EXCHANGE CONTROLS
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATES
dc.subject
EXPORTS
dc.subject
EXTERNAL DEBT
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL SECTOR
dc.subject
FISCAL DEFICITS
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTORS
dc.subject
GDP
dc.subject
GDP PER CAPITA
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL MARKETS
dc.subject
GNP
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT FINANCES
dc.subject
GROWTH IMPACT
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH PROCESS
dc.subject
GROWTH RATES
dc.subject
HOLDING
dc.subject
HUMAN DEVELOPMENT
dc.subject
IMPORT TARIFFS
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME GROUPS
dc.subject
INCOME INEQUALITIES
dc.subject
INCOME INEQUALITY
dc.subject
INCOMES
dc.subject
INDUSTRIAL COUNTRIES
dc.subject
INDUSTRIAL DEVELOPMENT
dc.subject
INDUSTRIAL POLICY
dc.subject
INDUSTRIAL SECTOR
dc.subject
INDUSTRIALIZATION
dc.subject
INDUSTRIALIZED COUNTRIES
dc.subject
INEQUALITY DATA
dc.subject
INFANT MORTALITY
dc.subject
INFLATION
dc.subject
INFLATION RATE
dc.subject
INSTRUMENT
dc.subject
INTEREST BURDEN
dc.subject
INTERNATIONAL BANK
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INTERNATIONAL FINANCIAL INSTITUTIONS
dc.subject
INTERNATIONAL INVESTORS
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVESTING
dc.subject
INVESTMENT RATE
dc.subject
INVESTMENT RATES
dc.subject
INVESTMENT REGIMES
dc.subject
INVESTMENT REGULATIONS
dc.subject
JOB CREATION
dc.subject
LABOR ABSORPTION
dc.subject
LABOR FORCE
dc.subject
LABOR LAWS
dc.subject
LABOR MARKET
dc.subject
LABOR MARKET FLEXIBILITY
dc.subject
LABOR MARKET POLICIES
dc.subject
LABOR PRODUCTIVITY
dc.subject
LABOR SUPPLY
dc.subject
LABOR UNIONS
dc.subject
LAND REFORMS
dc.subject
LAYOFFS
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LESS DEVELOPED COUNTRIES
dc.subject
LIFE EXPECTANCY
dc.subject
LONG-TERM GROWTH
dc.subject
LOW-INCOME ECONOMY
dc.subject
MACROECONOMIC CRISIS
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MARKET ECONOMY
dc.subject
MARKET REFORMS
dc.subject
MONETARY POLICY
dc.subject
NATIONAL SAVING
dc.subject
NATIONAL SAVINGS
dc.subject
NDP
dc.subject
NET DOMESTIC PRODUCT
dc.subject
OUTPUT
dc.subject
PAYMENTS CRISIS
dc.subject
PER CAPITA INCOME
dc.subject
PER-CAPITA INCOME
dc.subject
POLICY CHANGE
dc.subject
POLICY CIRCLES
dc.subject
POLICY IMPLICATIONS
dc.subject
POLICY MAKERS
dc.subject
POLICY PROCESS
dc.subject
POLICY STANCE
dc.subject
POLITICAL ARENA
dc.subject
POLITICAL ECONOMIES
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICAL PROCESS
dc.subject
POLITICAL STABILITY
dc.subject
POOR PEOPLE
dc.subject
POVERTY LINE
dc.subject
POVERTY REDUCTION
dc.subject
POWER PARITY
dc.subject
PRICE CONTROLS
dc.subject
PRIVATE INVESTMENT
dc.subject
PRO-POOR
dc.subject
PRODUCTIVITY
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PROFIT MOTIVE
dc.subject
PUBLIC EXPENDITURES
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SPENDING
dc.subject
PURCHASING POWER
dc.subject
RAPID GROWTH
dc.subject
RAPID INDUSTRIALIZATION
dc.subject
RATE OF GROWTH
dc.subject
REAL WAGES
dc.subject
REFORM PROGRAM
dc.subject
REMITTANCES
dc.subject
RESERVE
dc.subject
RESERVE BANK
dc.subject
RESERVES
dc.subject
RETURN
dc.subject
RURAL POVERTY
dc.subject
SAVING RATE
dc.subject
SAVINGS RATE
dc.subject
SECONDARY ENROLLMENT
dc.subject
SECTORAL COMPOSITION
dc.subject
SHAREHOLDERS
dc.subject
SKILLED WORKERS
dc.subject
STOCK MARKET
dc.subject
STOCK MARKETS
dc.subject
TAX
dc.subject
TAX COLLECTIONS
dc.subject
TAX CONCESSION
dc.subject
TELECOMMUNICATIONS
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADE BARRIERS
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADE POLICIES
dc.subject
TRADE REGIMES
dc.subject
TRANSPARENCY
dc.subject
UNDERESTIMATES
dc.subject
UNEQUAL SOCIETY
dc.subject
UNSKILLED WORKERS
dc.subject
URBAN AREAS
dc.subject
URBAN POVERTY
dc.subject
URBAN WORKERS
dc.subject
WAGE DIFFERENTIALS
dc.subject
WAGE INCREASES
dc.subject
WAGES
dc.subject
WITHDRAWAL
dc.subject
WORK FORCE
dc.title
Battles Half Won
en
dc.title.subtitle
The Political Economy of India's Growth and Economic Policy since Independence
en
dc.type
Working Paper
en
okr.date.disclosure
2010-11-24
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/891731468330971811/Battles-half-won-the-political-economy-of-Indias-growth-and-economic-policy-since-independence
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20101126031145
okr.identifier.internaldocumentum
13162986
okr.identifier.report
57715
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/891731468330971811/pdf/577150NWP0Box353766B01PUBLIC10gcwp015web.pdf
en
okr.region.administrative
South Asia
okr.region.country
India
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Social Protections and Labor :: Labor Policies
okr.topic
Education :: Education For All
okr.topic
Macroeconomics and Economic Growth :: Economic Development
okr.topic
Macroeconomics and Economic Growth :: Political Economy
okr.unit
Development Research Group (DECRG)

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