How Inclusive Are Indian States: Evidence from Inclusive Development Index

Suresh Aggarwal

Arthaniti: Journal of Economic Theory and Practice, 2023, vol. 22, issue 2, 151-180

Abstract: The current study aims to find an ‘Inclusive Development Index’ (IDI) for the selected Indian states for the year 2017–2018 and has tried to incorporate indicators encompassing different aspects of the economy and life of the people. The index has tried to be more comprehensive and contemporary and attempts to keep the interest alive in the all-important policy objective of an inclusive growth in India as well as in many other countries around the world. The study has followed the guidelines given by Organisation for Economic Co-operation and Development ( OECD, 2008 , Handbook on constructing composite indicators: Methodology and user guide ) to construct a composite index and has included two pillars of growth with a total of 14 dimensions (sub-pillars) represented by 62 indicators. Principal component analysis (PCA) has been applied at the indicators level and simple averaging at the dimension and pillar levels to obtain the composite IDI for 20 Indian states. The states are ranked based on their inclusiveness score on IDI and divided into the ‘front-runners’, the ‘achievers’ and the ‘aspirants’. IDI may help the states to identify their spheres of ‘low’ performance and learn from their ‘front-runner’ peers. JEL: D63, F43, O40

Keywords: Inclusive Development Index; growth; process; outcome; states; principal component analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sae:artjou:v:22:y:2023:i:2:p:151-180

DOI: 10.1177/0976747920985455

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