Inclusive Growth and Social Change

Description

Has the Indian economy realized its oft-stated goal of inclusive growth? Did the rapid progress made after liberalization help improve income levels of the most vulnerable households in the country? Can the economy succeed in establishing complementary linkages between the formal and informal sectors so that the growth of the former enables the latter? What can be the role of agriculture in this context? This book addresses such debates, and posits that, despite the consistently high growth rate driven by the formal sector, informality exists without substantial improvement in its basic economic conditions. It explores the conflicts and complementarities between both segments of the economy arguing that these interactions lead to a distorted structure of capitalism. With in-depth theoretical foundations and empirical analysis, the book interrogates the paradigm of ‘growth’ being ‘inclusive’, proposing that only a comprehensive structural change can resolve the challenges of the informal sector.

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Table of contents

List of Tables, Figures, Boxes, and Maps
Preface
Acknowledgements
List of Abbreviations and Acronyms
Introduction: Changing Contours of Development Economics
Part I: Agriculture–Industry Relations

1. Models of Agriculture–Industry Relation
2. Models of Formal–Informal Dichotomy: Revisiting Agriculture–Industry Relation

3. Rural–Urban Dichotomy within the Informal Sector
4. Tortuous Transition or Persistence of Misery?

5. Short-Run Conflicts and Complementarities
6. The Long-Run Problem of Transition

5. Formal–Informal Interlinkages in a Resource-Constrained Economy: A Study on India (contributed by Anirban Kundu)
6. Informal Services and the Issue of Inclusive Growth: A Study on India (contributed by Kasturi Sadhu)
7. Political Economy of (Non-)Transition: The Indian Informal Sector