India: Defining and Explaining Inclusive Growth and Poverty Reduction

Rahul Anand, Volodymyr Tulin and Naresh Kumar

No 2014/063, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; economic growth; India; state level growth; poverty; inequality; inclusive growth; poverty reduction; poverty headcount; poverty incidence; consumption growth; household consumption expenditure survey; growth rate; consumption expenditure survey; poverty headcount ratio; poverty estimate; Poverty reduction; Income inequality; Consumption (search for similar items in EconPapers)
Pages: 34
Date: 2014-04-16
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Citations: View citations in EconPapers (23)

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