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Economic Development and Poverty in India

Lakshman Singh (Author)

Despite the country’s meteoric GDP growth rate (about 9%), poverty in India is widespread, and a variety of methods have been proposed to measure it. Whether economic growth necessarily reduces poverty has been a controversial issue. As pointed out above, it was first generally believed that benefits of economic growth would trickle down to the poor and thus alleviate poverty in the economy. This trickle-down effect of economic growth was thought to operate through an increase in employment opportunities and rise in real wages as a result of increase in productivity of workers. Moreover, the impact of economic growth on poverty reduction also depends on to what extent it is accompanied by inflation. Inflation determines the purchasing power of money wages and incomes earned by the poor people. This book would be of immense help to the academicians, researchers, students, policy-makers and the general public interested on the latest development of the Indian economy.

Contents: Preface. 1. Education for development: India in the Asian perspective. 2. Rural poverty in Indian states. 3. Urban poverty. 4. MGNREGS and eradication of rural poverty in India. 5. Jobless growth in India’s organized manufacturing. 6. Dualism informality and social inequality. 7. Rethinking social protection for India’s working poor in the unorganized sector. Bibliography. Index.

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About the author

Lakshman Singh

An upstream petroleum consultant, with over 44 years of experience in exploration and development geology and reservoir engineering. He has authored the book “Oil & Gas Fields of India”. He superannuated in 1991 as Director, Institute of Reservoir Studies, Oil & Natural Gas Corporation Ltd., Ahmedabad, India. Subsequently, he was Chief Petroleum Advisor to Hyundai Heavy Industries of S. Korea and has carried out evaluation of exploration blocks, and small and medium sized fields offered for lease by Government of India on behalf of several private companies.

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Bibliographic information

Title Economic Development and Poverty in India
Format Hardcover
Date published: 01.01.2017
Edition 1st. ed.
Publisher Globus Press
Language: English
isbn 9789385379888
length vii+288p.,