{
  "title": "India: Is the Rising Tide Lifting All Boats?",
  "publication": "IMF Working Papers, March 1, 2008",
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  "summary": "While many have celebrated India's accelerating economic growth, some have expressed concern about the distributional impacts of the growth process.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- While many have celebrated India's accelerating economic growth, some have expressed concern about the distributional impacts of the growth process.\n- Cognizant of the vulnerability of its large population below poverty, India's authorities have made faster and more inclusive economic growth the primary goal of their development strategy.\n- This paper aims to document how the benefits of economic expansion were shared across the income distribution over the last two decades using disaggregate household level data.\n- Experiences across Indian states suggest an important role for economic policy in shaping the inclusiveness of growth."
    },
    {
      "heading": "Key findings",
      "content": "- States with higher financial development experienced greater relative gains for the poor.\n- States with more flexible labor markets experienced greater relative gains for the poor.\n- States with higher average education experienced greater relative gains for the poor.\n- Improving infrastructure may also lead to a growth process that is more inclusive of the poor."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Promote financial development to enhance the relative gains of the poor.\n- Increase labor market flexibility to support inclusive distributional outcomes from growth.\n- Invest in average education levels to improve the share of growth accruing to poorer households.\n- Improve infrastructure as a pathway to make growth more inclusive of the poor."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Consumption, Income distribution, Income inequality, Labor, Poverty\n- Keywords: India, state, WP\n\n---\n\n Content in this bundle\n\n- Microsoft Word - NEW Is the Rising Tide Lifting All Boats 2.doc\n  - Microsoft Word - NEW Is the Rising Tide Lifting All Boats 2.doc (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Microsoft Word - NEW Is the Rising Tide Lifting All Boats 2.doc (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/india-is-the-rising-tide-lifting-all-boats-21767"
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    "Authors: Petia Topalova",
    "Published: March 1, 2008",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451869163.001",
    "While many have celebrated India's accelerating economic growth, some have expressed concern about the distributional impacts of the growth process.",
    "Cognizant of the vulnerability of its large population below poverty, India's authorities have made faster and more inclusive economic growth the primary goal of their development strategy.",
    "This paper aims to document how the benefits of economic expansion were shared across the income distribution over the last two decades using disaggregate household level data.",
    "Experiences across Indian states suggest an important role for economic policy in shaping the inclusiveness of growth.",
    "States with higher financial development experienced greater relative gains for the poor.",
    "States with more flexible labor markets experienced greater relative gains for the poor.",
    "States with higher average education experienced greater relative gains for the poor.",
    "Improving infrastructure may also lead to a growth process that is more inclusive of the poor.",
    "Promote financial development to enhance the relative gains of the poor.",
    "Increase labor market flexibility to support inclusive distributional outcomes from growth.",
    "Invest in average education levels to improve the share of growth accruing to poorer households.",
    "Improve infrastructure as a pathway to make growth more inclusive of the poor.",
    "Subjects: Consumption, Income distribution, Income inequality, Labor, Poverty",
    "Keywords: India, state, WP",
    "**Microsoft Word - _NEW_ Is the Rising Tide Lifting All Boats _2_.doc**"
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