India At The Crossroads Sustaining Growth And Reducing Poverty

Author : Mr.Tim Callen
Publisher : International Monetary Fund
ISBN 13 : 9781557759924
Total Pages : 212 pages
Book Rating : 4.28/5 ( download)

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Download or read book India at the Crossroads -- Sustaining Growth and Reducing Poverty written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2001-02-15 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors examine the numerous structural and policy changes Indian authorities have adopted since the 1991 balance of payments crisis; how these changes helped India weather the Asian financial crisis of 1997-98; the risks to fiscal sustainability and their implications for growth; the challenges facing monetary policy in the face of financial market liberalization; and the benefits of structural reform and fiscal policy for growth, poverty, and the reduction of regional disparities.

Author : Sadiq Ahmed
Publisher : SAGE Publications Pvt. Limited
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.13/5 ( download)

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Download or read book Job Creation and Poverty Reduction in India written by Sadiq Ahmed and published by SAGE Publications Pvt. Limited. This book was released on 2007-12-18 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid growth since 1980 has transformed India the 50th ranked economy in nominal US dollars to the 12th largest in the world in 2003. When income is measured with regard to purchasing power parity, the Indian economy occupies fourth place, after the United States, Japan, and China. Along with growing incomes, India’s increasingly outward orientation and the growing optimism about its economy has led to a surge in international investors interest. At the same time evidence suggests that income inequality is rising and the gap in average per capita income between the rich and poor states is growing. This book of collected articles provides an in-depth treatment of growth and employment issues in India. It reviews India’s long-term growth experience, emerging constraints and challenges, and the way forward for sustaining rapid growth along with more and better employment. Specifically, the book identifies ways in which the investment climate can be further improved to raise productivity and reduce the cost of doing business, thereby promoting domestic and foreign private investment. It looks at the growth and productivity challenges in agriculture and suggests policies that will help raise farm productivity and incomes. Higher farm productivity and incomes along with more and better non-farm jobs will reduce poverty at a faster pace than in the recent past. It explains the reason for the low overall employment elasticity of past growth and why there has been limited expansion of good jobs, and concludes by suggesting reform option for increasing employment.

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.15/5 ( download)

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Download or read book India written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The report analyzes India's continued good progress in increasing incomes, and improving living standards over the past decade, which after the setback associated with the 1991 balance of payments crisis, economic growth picked up, income poverty continued to decline, and many social indicators, in particular literacy, continued to improve. Likewise, there has been an opening to private activity, trade policy and the exchange rate regime have been further liberalized, and capital markets have been reformed, leading to an improved investment climate. Nonetheless, development progress has been steady, but uneven, while in addition, the recent growth deceleration was accompanied by a slowdown in investment, especially in the private sector. The fiscal position of the general government has now also deteriorated, with a rising budget deficit, the result of a significant increase in government consumption, and continued low revenue mobilization. But at the same time, prudent monetary policy has helped contain inflation, and strengthen the balance of payments. Based on this analysis, fiscal reforms are needed in taxation, financial, social, as well as for fiscal management. The report also reviews the delivery of public services, showing the need to access effective social safety nets, i.e., social services that require increasing the level, but more importantly the quality of public expenditures in these areas. This in turn requires improving the governance and productivity of India's civil service, and the pressing problem of affordability. An effective program of civil service reform should include measures to achieve the following three objectives: improve access to information; strengthen accountability; and, reduce political interference. Of special concern, are the weaknesses in the service delivery of social sectors: education, health and social safety nets, and, it has been argued that decentralization, and local empowerment will ultimately improve the quality of service delivery at the village level. To this end, the report suggests improving the investment climate, with a special look at infrastructure development, while promoting rapid agricultural, and rural growth given its importance in the socioeconomic, and political fabric of India, through productivity-enhancing investments. Continued progress on poverty reduction will require a major push to reinvigorate the reform agenda.

Author : Manuela Ferro
Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.54/5 ( download)

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Download or read book India written by Manuela Ferro and published by . This book was released on 2003 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Report Will Be Useful For Policy-Makers, Planners, Government Agencies And Ngos. Further It Will Be Of Use To Teachers And Students Of Economics, Those In Business And Finance, And Journalists And General Readers Interested In India`S Post-Reforms Development.

Author : World Bank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.68/5 ( download)

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Download or read book India written by World Bank and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.79/5 ( download)

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Download or read book India written by Weltbank and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is a pilot in the Bank's new approach to country economic reports, embodying the Comprehensive Development Framework. It begins with a chapter on reducing poverty, followed by a chapter on human development. Chapter 3 focuses on the Indian states, which are key actors in human development and infrastructure provision, as well as regulation and governance. Chapter 4 deals with governance issues, a major concern of the Bank because of its links to poverty reduction and development. The next three chapters deal with ways to increase growth and its poverty reducing content through improvements in a) infrastructure, b) the incentive and regulatory framework to encourage efficiency and labor demand, and c) the financial system and corporate governance. Chapter 8 deals with recent developments, the sustainability of growth and ways to reduce vulnerability to macroeconomic crises that hurt the poor. Finally, Chapter 9 provides a brief forecast of India's prospects and summarizes policies that would accelerate poverty reduction and sustained development. Gaps in the knowledge base and in country experience have been identified as issues deserving further analysis and research. The most important ones include: improving the delivery of social services to the poor; the links between growth, poverty reduction, and governance; and the nature, causes, and cures of urban poverty.

Author : World Bank The
Publisher : World Bank Group
ISBN 13 : 9786610015375
Total Pages : 260 pages
Book Rating : 4.76/5 ( download)

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Download or read book India written by World Bank The and published by World Bank Group. This book was released on 2000 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reducing poverty, and providing for minimum needs, is the ultimate yardstick against which to measure development. To this end, the study outlines India's growth rate, improved social indicators, and poverty reduction since the 1970s, but specifies that, despite this progress, poverty is a serious concern, where social indicators remain below comparator countries. Human development is examined, focusing on social indicators, stating the delivery of health and education is fraught with limited accountability for performance and with low management capacity. Governance is critical to development, but the country's inadequate and adverse factors hinder the development of public administration, instead, performance incentives, and accountability within a downsized civil service, effective financial management, and decentralization should be pursued. Infrastructure should attract private investments, but the perverse impact of subsidies preclude the provision of private services. However, regulatory agencies are imperfect alternatives to competition, but corporatization would be an essential step in attracting the private sector. The study further reviews deregulation to increase trade growth and improve labor market flexibility. Conclusions call for reforms, arguing it would lead to higher growth, favorable balance of payments, and further capital inflows, including foreign direct investments.

Author : Gaobo Pang
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4./5 ( download)

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Download or read book India Rising written by Gaobo Pang and published by World Bank Publications. This book was released on 2007 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past 25 years, India's economy grew at an average real rate of close to 6 percent, with growth rates in recent years accelerating to 9 percent. Yet by 2005-06, the general government debt-to-GDP ratio was 34 percentage points higher than in the 1980s. The authors examine the links between public finances and growth in the post-1991 period. They argue that the main factor in the deterioration of government debt dynamics after the mid-1990s was a reform-induced loss in trade, customs, and financial repression taxes. Over time, these very factors plus lower entry barriers have contributed to stronger microfoundations for growth by increasing competition and hardening budget constraints for firms and financial sector institutions. The authors suggest that the impressive growth acceleration of the past few years, which is now lowering government indebtedness, can be attributed to the lagged effects of these factors, which have taken time to attain a critical mass in view of India's gradual reforms. Similarly, the worsening of public finances during the late 1990s can be attributed to the cumulative effects of tax losses, the negative growth effects of cuts in capital expenditure that were made to offset the tax losses, and a pullback in private investment (hence, growth and taxes), a situation which is now turning around. Insufficient capital expenditures have contributed to the infrastructure gap, which is seen as a constraint especially for rapid growth in manufacturing. The authors discuss ongoing reforms in revenue mobilization and fiscal adjustment at the state level, which if successfully implemented, will result in a better alignment of public finances with growth by generating further fiscal space for infrastructure and other development spending.

Author : Brian Pinto
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Download or read book India : why fiscal adjustment now written by Brian Pinto and published by World Bank Publications. This book was released on 2004 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451823517
Total Pages : 96 pages
Book Rating : 4.16/5 ( download)

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Download or read book Sri Lanka written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-09-26 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper focuses on the fiscal position of Sri Lanka. The standard analysis shows that, prior to the adjustment announced in the 2002 budget, fiscal policy was clearly unsustainable, leading to a rising debt-to-GDP ratio. The paper looks at external debt and complements the analysis of the public debt dynamics. The baseline scenario shows that debt ratios decline significantly in the medium term, as a result of strong growth founded on renewed peace and political stability, far-reaching structural reforms, and stable macroeconomic conditions.