India: Defining and Explaining Inclusive Growth and Poverty Reduction
Electronic Access:
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Summary:
We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in India. We explore the role of economic policies and macrofinancial conditions in explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on education, and educational attainment rates are important for fostering inclusive growth. Macro-financial stability, with particular attention to inflation risks, is also criticial for promoting inclusive growth.
Series:
Working Paper No. 2014/063
Subject:
Consumption Economic growth Inclusive growth Income inequality National accounts Poverty Poverty reduction
English
Publication Date:
April 16, 2014
ISBN/ISSN:
9781484354230/1018-5941
Stock No:
WPIEA2014063
Pages:
34
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