India: Defining and Explaining Inclusive Growth and Poverty Reduction

By Rahul Anand, Volodymyr Tulin, Naresh Kumar

April 16, 2014

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Rahul Anand, Volodymyr Tulin, and Naresh Kumar. India: Defining and Explaining Inclusive Growth and Poverty Reduction, (USA: International Monetary Fund, 2014) accessed December 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Consumption, Economic growth, Inclusive growth, Income inequality, National accounts, Poverty, Poverty reduction

Keywords: Consumption, Consumption expenditure survey, Consumption growth, Economic growth, Growth rate, Household consumption expenditure survey, Inclusive growth, Income inequality, India, Inequality, Poverty, Poverty estimate, Poverty headcount, Poverty headcount ratio, Poverty incidence, Poverty reduction, Poverty reduction, State level growth, WP

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2014/063
Stock No:

WPIEA2014063
ISBN:

9781484354230
ISSN:

1018-5941

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