What is Economic Development?

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A01=Amit S. Ray
A01=M. Parameswaran
A01=Manmohan Agarwal
Arunachal Pradesh
Author_Amit S. Ray
Author_M. Parameswaran
Author_Manmohan Agarwal
Backward Districts
BPL
Capita Net State Domestic Product
Capita State Domestic Product
Category=JPQB
Category=KCM
Category=KCP
Composite Index
Development Index India
Educational Outcome Variables
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Final Composite Index
HDI
IHDS
index of development (DI) for Indian states
indices of development
Material Prosperity
Multidimensional Development
National Committee
NCRB
Non-compensatory Method
PCA Method
PPP Exchange Rate
Semi Pucca Houses
Single Composite Index
Social Science Press
Social Security Schemes
Soil Quality
ST Population
Tamil Nadu
Utility Possibility Curve
Vice Versa

Product details

  • ISBN 9781032653778
  • Weight: 260g
  • Dimensions: 138 x 216mm
  • Publication Date: 25 Jun 2024
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Development performance is not merely economic growth and prosperity, but includes a multitude of goals. This monograph makes an attempt to conceptualize development, consisting of eight dimensions – material prosperity, education, health, economic security, personal security, environmental conditions, political voice and social connections. The authors implement this multidimensional concept to design not only an overall index of development (DI) for Indian states but also three sub indices, human development (HD), security (SEC) and voice and confidence (VC), that broadly represent three distinct aspects of development. The results clearly show that state level performances vary considerably across the various dimensions of development. No state does uniformly well or badly across all levels, thereby exposing the fallacy of branding the development experience of a particular state as ideal based on its achievement on some aspects of development. Since good performance in one dimension does not ensure doing well on other dimensions too, it would be inappropriate to ignore the performances on the three sub-indices and the eight dimensions. Recognition of such diversity of performance is particularly important in a federal structure, like India, where different states may have different development priorities. This study will enable states to reflect on whether they have been performing according to their priorities and if not, they may choose to tweak their policies or their development strategies.

Please note: Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka

Amit S. Ray is a Professor of Economics at the Centre for International Trade and Development (CITD) of the School of International Studies in Jawaharlal Nehru University, New Delhi.

Manmohan Agarwal studied at the Delhi School of Economics and the Massachusetts Institute of Technology. He has been teaching at the Centre of International Trade and Development at JNU for more than a quarter of a century.

M. Parameswaran is an Associate Professor at the Centre for Developing Studies.

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