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Transformation of Indian economy to achieve high growth with equity: issues and way forward

Author

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  • S. Mahendra Dev

    (ICFAI
    Indira Gandhi Institute of Development Research)

Abstract

In this paper, we examine issues and policies for transformation of Indian economy to achieve higher growth with equity in the next 2.5 decades as India aspires to be a developed country by 2047. We also highlight the structural challenges and opportunities for the Indian economy. The objective is to provide a broad assessment of the factors that need to be critically addressed for India to not only achieve and sustain a high rate of growth but also equity.

Suggested Citation

  • S. Mahendra Dev, 2024. "Transformation of Indian economy to achieve high growth with equity: issues and way forward," Indian Economic Review, Springer, vol. 59(1), pages 123-154, October.
    • Handle: RePEc:spr:inecre:v:59:y:2024:i:1:d:10.1007_s41775-023-00205-9
    DOI: 10.1007/s41775-023-00205-9
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    More about this item

    Keywords

    Pandemic; K-Shaped recovery; Structural Transformation; Inequalities; Growth; Poverty;
    All these keywords.

    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G2 - Financial Economics - - Financial Institutions and Services

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