On the 'Inclusiveness' of India's Consumption Expenditure Growth

D. Jayaraj and Sreenivasan Subramanian

No wp-2012-057, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper reviews the evidence on the 'inclusiveness' of the growth in consumption expenditure that has occurred in India over the last four decades or so. The notion of dynamic inclusiveness is framed in terms of imagined normative allocations of the inter-temporal product of growth, as dictated by notions of equity of varying orders of demandingness. There are analytical parallels between these exercises and those involved in the study of bankruptcy in 'Talmudic estate problems', as well as in the determination of optimal anti-poverty budgetary allocations.

Keywords: Consumption; Economic development; Equality and inequality; Income; Poverty (search for similar items in EconPapers)
Date: 2012
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