Development and Economic Growth in India: Drivers for Indian States

Notwithstanding the improved growth performance of India, development disparity across its states has widened in the first two decades of the 21st century. This book examines development drivers of Indian states and what the necessary course corrections could be to achieve balanced regional growth.

The book begins with a discussion on the evolution of growth and inequality across the states and delves into decomposing growth. It looks at three broad themes which are decomposition of growth and determinants of TFP, impact of Infrastructure on growth and inequality, and the institutional dimension of growth and explains why they are pivotal for sustainable growth in Indian states.

This book will be a useful reference to those interested in understanding growth and inequality in India.

Biswa Swarup Misra is the Dean (Academics) and Professor of Economics at the Xavier Institute of Management, XIM University, Bhubaneswar, India. Prior to joining Academics, he was an economist at the Reserve Bank of India. He has also served as the Chief Economist of Bank of India and Bank of Baroda, on sabbatical from XIM. He has publications in Journals such as Development Policy Review, Comparative Economic Studies, Journal of Asia Pacific Economy, Review of Urban and Regional Development Studies, Journal of International Development, Journal of Quantitative Economics, India Growth and Development Review, Indian Economic Journal, and RBI’s Occasional Papers on issues related to development, banking, credit cooperatives, and infrastructure.