Sunday, March 27, 2016

Revisiting #poverty reduction in #India with 60 years of data [feedly]



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Revisiting poverty reduction in India with 60 years of data
// VoxEU.org: CEPR Policy Research

There has been much debate about the poverty impacts of economic growth and structural transformation in developing countries. This column revisits these issues using a newly constructed dataset of poverty measures for India spanning 60 years. There has been a downward trend in poverty measures since 1970, with an acceleration post-1991, despite rising inequality. Post-1991 data suggest stronger inter-sectoral linkages. Urban consumption growth came with gains to both the rural and urban poor. The primary/secondary/tertiary composition of growth has ceased to matter, as all three sectors contributed to poverty reduction.
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Onesimo Alvarez-Moro