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020 _a9780195655032
082 _a339.46 WOR 2001
100 _aWorld Bank
245 0 _aIndia :reducing poverty, accelerating development
260 _aNew Delhi
260 _bOxford University
260 _c2001
300 _a260 p.
520 _aWorldwide experience suggests that the primary conditions for sustained economic growth and poverty reduction are sound macroeconomic policies, open trade relations, and increases in human and physical capital. However, sustained development and poverty reduction also hinge on a comprehensive development framework. Markets need to be incentive based, yet regulated, functioning alongside an adequately supervised financial sector. Other prerequisites include effective health, education and social services, quality infrastructure and public services, and policies oriented to environmental and human development. This World Bank Country Study for India is the first of its kind in the Bank's new comprehensive approach to country reports. It argues that reforms that reduce the risk of macroeconomic instability in such a framework would also be effective in reducing poverty - by increasing the access of the poor to human development, reducing distortions and expanding the demand for labour. In this context, the report: ⚫ reviews the performance of the Indian economy analyses various facets of development identifies potential vulnerabilities emphasizes the role of these reforms to overcome initial lags and increase the pace of development in poorer states ⚫highlights the main areas for policy reforms as -improvement in infrastructure, both public and private expansion in core public activities through realignment of central and state governments increased expenditure on health and education deregulation of goods and factor markets privatization of areas such as power cuts in explicit and implicit subsidies strengthening of the financial system, and improvement of governance through streamlining of the legal system Its statistical richness and analytical quality make this country report on India invaluable for the government, academia, business and financial circles. Students, teachers, and researchers will find it an indispensable resource.
650 _aPoverty
942 _cB
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