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Accumulation Strategies and Human Development in India

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  • Jayati Ghosh

Abstract

India is frequently cited as one of the ‘success stories’ of globalization, with respect to its economic growth performance, during the past two and half decades. However, the very pattern of recent growth resulted in regional imbalances, greater inequalities in the control over assets and incomes, dispossession and displacement without adequate compensation and rehabilitation. Apart from this, there are clear failures of this growth process, even from a long-run perspective. An important failure is the worrying absence of structural change, in terms of the ability to shift the labour force out of low-productivity activities, especially in agriculture, to higher productivity and better remunerated activities. Furthermore, it is evident that the relatively rapid economic growth has not translated into better human development conditions for a large proportion of the population.

Suggested Citation

  • Jayati Ghosh, 2012. "Accumulation Strategies and Human Development in India," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 1(1), pages 43-64, April.
    • Handle: RePEc:sae:agspub:v:1:y:2012:i:1:p:43-64
    DOI: 10.1177/227797601200100104
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    Cited by:

    1. Lu, Jun & Zahedi, Ahmad & Yang, Chengshi & Wang, Mingzhou & Peng, Bo, 2013. "Building the hydrogen economy in China: Drivers, resources and technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 543-556.
    2. Sam Moyo & Praveen Jha & Paris Yeros, 2013. "The Classical Agrarian Question: Myth, Reality and Relevance Today," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 2(1), pages 93-119, April.
    3. Manish Kumar, 2019. "India’s Rice Export: What Is in It for Farmers?," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 8(1-2), pages 136-171, April.

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