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India: Defining and Explaining Inclusive Growth and Poverty Reduction
Author:
Rahul Anand
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,
Mr. Volodymyr Tulin
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Naresh Kumar
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 063
Language:
English
Publication Date:
16 Apr 2014
DOI:
https://doi.org/10.5089/9781484354230.001
ISBN:
9781484354230
ISSN:
1018-5941
Pages:
34
Keywords:
WP; economic growth; India; state level growth; poverty; inequality; inclusive growth; poverty reduction; poverty headcount; poverty incidence; consumption growth; household consumption expenditure survey; growth rate; consumption expenditure survey; poverty headcount ratio; poverty estimate; Poverty reduction; Income inequality; Consumption
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in India. We explore the role of economic policies and macrofinancial conditions in explaining inclusive growth and its components, using a new measure of inclusive growth. Social expenditures, spending on education, and educational attainment rates are important for fostering inclusive growth. Macro-financial stability, with particular attention to inflation risks, is also criticial for promoting inclusive growth.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund