India

Defining and Explaining Inclusive Growth and Poverty Reduction

• Author(s): Rahul Anand, Mr.Volodymyr Tulin, Naresh Kumar,
• Publisher: International Monetary Fund
• Pages: 34
• ISBN_10: 1484354230
  ISBN_13: 9781484354230
  
• Language: en
• Categories: Business & Economics / Economics / Macroeconomics , Political Science / Public Policy / Social Services & Welfare , Social Science / Poverty & Homelessness ,

Description:... 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.