Copyright © The Author 2007. Published by Oxford University Press.
India's development in the era of growth
* University College London, e-mail: v.bhaskar{at}ucl.ac.uk
** University of Warwick, e-mail: b.gupta{at}warwick.ac.uk
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Abstract |
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The recent growth pattern of India is set in the context of the parallel experience of China, the experience of poverty reduction is reviewed, and a number of papers illuminating India's development are introduced.
Key Words: India • growth • poverty
We thank Chris Allsopp and Andrew Glyn for valuable suggestions. The errors are ours.
1 A search for ‘China’ in the Working Papers of the US National Bureau of Economic Research yields twice as many papers over the past 5 years as a search for ‘India’.
2 http://www.un.org/esa/population/publications/wpp2006/wpp2006_highlights.pdf
3 See Datt and Ravallion (2002), based on calculations using the World Bank's Poverty Monitoring database.
4 In an interesting paper, Banerjee and Piketty (2005) use tax returns to show that the shares of the top 1, 0.1, and 0.001 per cent of the population rose in the period since the 1980s, reversing the equalizing trend since Independence.
5 Bosworth and Collins report an assumed capital profit share of 40 per cent, which implies that capital per worker grew in India at 1.8/0.4 per cent = 4.5 per cent per year over the period 1993–2004.