The book discusses the game changer initiatives that put India into a higher and sustainable growth trajectory. Sectoral Contribution to Growth 4. Growth of Sectoral Credit and Output 2001-2004 -- Annex 7. Infrastructure Index-Relative Position of States -- 5. Overall Infrastructure Index-Special Category States 2001-2010 Annex 5.
Banking services, which had been the preserve of the urban population, were extended to the rural hinterlands of the country. Sectoral Contribution to Growth 3. For the secondary sector, the share had decreased after bifurcation of Bihar, however, that share increased a little bit in 2009-2010. This study follows a deductive approach. This book is a sequel to Regional Growth Dynamics in India in the Post Economic Reform period Palgrave Macmillan, 2007. The book looks at 15 major Indian states between the year 2000-2011 to see how these states had invested in social sector and whether they had met the criteria of efficient social sector investment.
Consumption Based Inequality -- 4. Growth of Sectoral Credit and Output 2001-2004 -- Annex 7. Defining Poverty in the Developing World. Using stochastic frontier models, the book provides an efficiency norm and making use of this normative estimate, it compares performance across 15 Indian states and suggests important policy implications to improve the future performance of the social sector. In other words, the growth process has to be inclusive as the welfare of the people is the prime consideration. Sustainability has been discussed using the inter-temporal budget constraint framework and has been tested by applying the panel co-integration technique. Further, except the southern and the western regions, all the other regions experienced acceleration in absolute as well as per capita growth in the second and third sub-periods.
Recent initiatives for infrastructure push 5. Interestingly, we also find that, for both categories of states, output influences infrastructure more than infrastructure influences output. The Changing Patterns of Exclusion in Latin America and the Caribbean. As such, low agricultural growth would have an adverse impact on the living conditions of the majority of the population. Methodology and Empirical Results 7. Overall Infrastructure Index - General Category States 2001-2010 Annex 5.
In the post reform period, stock market serves as a hedge against inflation. Unit Root Tests - Special Category States Annex 7. With more than a lakh grass root level cooperatives, their presence is formidable. Setcoral Growth 2000-12 Annex 3. The government has also decided to introduce new players in the banking space to give a further push to financial inclusion. Notwithstanding the importance attached to infrastructure, there has been very little attempt to empirically decipher the impact of infrastructure on growth.
As such, the analysis provides a valuable reference for scholars of economics, Asian economics and finance. We find that infrastructure only influences output in general category states. This paper examines the fiscal sustainability of Indian States during the 1990s on the basis of their budgetary data. The post 2000 period for India has been quite eventful for Indian economy. Setcoral Growth 2000-03 Annex 3. As alluded to in Chapter 2, the drive for financial inclusion was a game-changer initiative in the post-2000 period.
The 12th five-year plan accords infrastructure development — especially road connectivity, schools, health facilities and the availability of electricity — as a key component of the regionally inclusive development strategy. The author was an Economist in the Reserve Bank of India during 2002-2010. The empirical findings suggest that government should allow the cooperatives to evolve in a natural manner rather than through initial official encouragement and subsequent intervention. The surge in investment rate from 25 per cent in 2002—3 to 33. Description Biswa Swarup Misra — Regional Growth Dynamics in India This book examines the responses of the Indian states to economic reforms, and addresses a wide range of issues, such as growth dynamics, income inequality, the fiscal behaviour of the states, the role of the banking sector, and the emerging institutional structure aimed at catering for social banking and strategies for agricultural growth. The objective of the 12th five-year plan is to secure faster, more inclusive and sustainable growth. Globalisation, Development and Transition: Conversations with Eminent Economists.
Grosse, Robert, and Luiz F. Approach to Provision of Infrastructure 5. Sectoral Shares in Credit and Output 2009-2011 Annex 7. Setcoral Shares 2009-12 Annex 3. Shares of different sectors in credit and output 7.
This paper studies the relationship between infrastructure and output in 28 Indian states divided into general and special categories for the period 2001—2010. Setcoral Growth 2004-08 -- Annex 3. The growth performance during 2000-03 is taken as the benchmark to compare and contrast the changing growth patterns across sectors in different states. The policy responses to tackling the after-effects of the global financial crisis were quite successful at protecting growth in the first two years but have not been able to protect growth subsequently. Apart from Research, Professor Misra contributes regularly to editorials of Business Line on contemporary macroeconomic issues. Area under production, rainfall, availability of irrigation facilities, fertiliser consumption, use of electricity in agriculture and consumer price index of agricultural labourers are considered in the study, which possibly influence production and yield in agriculture.