Regional Inequality and Convergence in Economic Growth in India

Arpita Banerjee () and Pravat Kumar Kuri ()
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Arpita Banerjee: MUC Women’s College
Pravat Kumar Kuri: University of Burdwan

Chapter 4 in Development Disparities in India, 2015, pp 35-67 from Springer

Abstract: Abstract The accentuation of regional income inequality, particularly during the period of liberalization and globalization in India, has been a major policy concern for Indian policymakers. After nearly 20 years of performance in a neoliberalized environment, the debate continues about whether excessive reliance on market creates development distortion by aggravating inequality. Against this backdrop, this chapter makes a renewed attempt to evaluate the growth performances and the trends and patterns of inequality in the per capita net state domestic product (PCNSDP) of India. This chapter also examines the nature of convergence of PCNSDP of Indian states using panel data framework for a period of nearly 40 years (1970–1971 to 2009–2010).

Keywords: Balanced economic development; Panel data analysis; Absolute and conditional convergence; Fixed effect analysis; GMM analysis; Public and private investment (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-2331-3_4

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DOI: 10.1007/978-81-322-2331-3_4

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