IMF Working Papers

IMF Working Papers
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Publisher:
International Monetary Fund
ISSN:
1018-5941
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
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Mind the Gap-Is Economic Growth in India Leaving Some States Behind?

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Mind the Gap-Is Economic Growth in India Leaving Some States Behind?
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Volume/Issue:
2006/103
Series:
IMF Working Papers
Author(s):
Catriona Purfield
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
April 2006
DOI:
http://dx.doi.org/10.5089/9781451863635.001
ISBN:
9781451863635
ISSN:
1018-5941
Page:
28
This paper examines how growth has varied across India's states. It finds that (i) the income gap between rich and poor states has widened; (ii) rich and faster-growing states have been more effective in reducing poverty; (iii) poor and slower-growing states have had little success in generating private sector jobs; (iv) labor and capital flows do little to close income gaps; and (v) the volatility in economic growth is greatest in poor states. Differences in states' policies affect the cross-state pattern of growth. Greater private sector investment, smaller governments, and better institutions are found to have a positive impact on growth.
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