Challenges for Poverty Alleviation in Liberalized Indian Economy: An Overview
Journal Title: International Journal of Economics, Commerce and Research (IJECR) - Year 2017, Vol 7, Issue 1
Abstract
In the year 1991 New Economic Policy was launched with emergence of liberalization, privatization and globalization and the preamble of higher rate of growth in income, employment and living standards to sustain the growth of Indian economy according to contemporary developed economies. As the result, ‘1991 economic reforms’ increased the share of private investment and growth in ‘macroeconomic indicators’ without any distinction of private interests vs. public welfare. In the period of the post – reform era the curves of national income growth rates, per capita income, foreign reserves etc. raised upward but at the same time the values of Human Development Indicators and poverty ratios remain stagnant. It is more agonizing that with the growth of economy centralization of profits is increasing and gainers are providing only subsistence to them who are the cost bearer of this growth. This discrepancy not only reveals the uneven distribution of the growth but also provides evidence that development of any population depends not only on its own efforts but also on the public interest policies of the concern government. In these perspectives, it is a big challenge for the policy makers to maintain balanced fiscal accounts and higher ‘growth rates’ with more emphasis on the welfare provisions for poverty alleviation and multidimensional development of the deprived section of the society.
Authors and Affiliations
PRASHANT AGARWAL
Keywords
Related Articles
- EP ID EP219318
- DOI -
- Views 145
- Downloads 0
Outward Foreign Direct Investment and Domestic Investment: Evidence from Industrialized Economies using Panel Data Analysis
From 1970-2013, Industrialized countries, which are them an in world economies, had domestic investment and had positive long-term effects on outward foreign direct investment. The group-mean estimator for the coefficien...
Factors Affecting the Exchange Rate in Sudan (1972-2013)
Since independence, Sudan has experienced poor economic performance attributed to external as well as domestic factors, particularly policy failure and resource mismanagement. However, Exchange rate policy is one of the...
Profitability Determinant of Conventional Commercial Banks using Credit Risk As a Moderating Variable
This research aimed to analyze the influence of CAR, LDR and BOPO partially on profitability (NIM) and to analyze NPL as a moderating variable in relation between CAR with NIM, LDR with NIM, and BOPO with NIM. The...
A Comparative Study on Human Resource Development, Infrastructure and Occupational Structure of Schedule Tribes in the North East State of Manipur
Socioeconomic profile of the hilly district, tribal development programme, and distribution along with the characteristic of the population of scheduled tribes in Manipur is right to mention as the capacity of an economy...
A STUDY ON CUSTOMER SATISFACTION ON PUBLIC DISTRIBUTION SYSTEM IN PUNE CITY
India's Public Distribution System (PDS) is the biggest and very important distribution network of its brand in the world. PDS was established around World War II as a wartime allowance measure. Earlier than the 1960s, a...