Rising Inequality in Shining India

International Research Journal of Finance and Economics - Issue 150 (2016)

8 Pages Posted: 17 Mar 2018

See all articles by Ashish Kumar Sedai

Ashish Kumar Sedai

University of Delhi - Kamala Nehru College

Nazia Iqbal Hashmi

Prince Sultan University

Date Written: july 16, 2016

Abstract

This paper presents a new set of integrated poverty and inequality estimates for India and Indian states for 1987-88, 1993-94 and 1999-2000. Regional disparities increased in the 1990s, with the southern and western regions doing much better than the northern and eastern regions. Economic inequality also increased within states, especially within urban areas, and between urban and rural areas. The macroeconomic policies responsible for these trends—fiscal tightening, regressive tax policies and expenditure cuts; financial sector reform and liberalization of rules for foreign and domestic investment, leading to more regional imbalance and skewed investment patterns. Most indicators that are examined in this paper have continued to improve in the nineties, but social progress has followed very diverse patterns, ranging from accelerated progress in some fields to slow down and even regression in others.

Keywords: Inequality, persistent poverty, liberalisation

JEL Classification: D30, D01

Suggested Citation

Sedai, Ashish Kumar and Hashmi, Nazia Iqbal, Rising Inequality in Shining India (july 16, 2016). International Research Journal of Finance and Economics - Issue 150 (2016), Available at SSRN: https://ssrn.com/abstract=3140047

Ashish Kumar Sedai

University of Delhi - Kamala Nehru College

Khel Gaon Marg
New Delhi, 110017
India

Nazia Iqbal Hashmi (Contact Author)

Prince Sultan University ( email )

PO Box 66833
Prince Sultan University
Riyadh, Riyadh 11586
Saudi Arabia

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