E-Books →Job Creation and Poverty Reduction in India Towards Rapid and Sustained Growth

Free Download Sadiq Ahmed, "Job Creation and Poverty Reduction in India: Towards Rapid and Sustained Growth"
English | 2007 | pages: 351 | ISBN: 0761936513 | PDF | 5,9 mb
Rapid growth since 1980 has transformed India from the world′s 50th ranked economy in nominal US dollars to the 12th largest in 2003. When income is measured with regard to purchasing power parity, the Indian economy occupies 4th place, after the United States, Japan, and China. Along with growing incomes, India′s increasingly outward orientation and the growing optimism about its economy has led to a sweeping rise in international investors′ interest. At the same time evidence suggests that income inequality is rising and the gap in average per capita income between the rich and poor states is growing. Election results at the national and state level suggest that unless the issue of growing income inequality and inequality in standard of living is tackled upfront, there is a risk that the economic reform momentum might slow down. If this happens, growth will suffer.