Lecture: "The Dynamics of Income Distribution in India.What do the Data tell us?"
National Institute of Advanced Studies
RBI Programme on Interdisciplinary Approaches to Economic Issues
The Dynamics of Income Distribution in India. What do the Data tell us?
Dr. Nilanjan Banik
Mahindra Ecole Centrale, Hyderabad
Date: Monday, 7th September, 2015
Time: 11.00 am
Venue: Conference Hall-II,National Institute of Advanced Studies, Bengaluru
All are cordially invited
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Abstract: We examine the dynamics of the income-distribution in India during the post-1991 economic reforms. We consider district-level per-capita income data across agriculture, manufacturing, services, and various constituent sub-sectors, and finds evidence in favour of a uniform process of growth across sectors and regions, which has helped to reduce poverty. In particular, we find that growth in agricultural income and access to finance are important components for reducing poverty in India. Further, examining the dynamics of income distribution function, we find evidence about per-capita income across Indian districts to be spatially positively correlated. Physical infrastructure, human capital, and factories are identified as factors responsible for increase in income for both the rich as well as the poor districts. Infrastructure, physical or social, is a key component of growth in India. A policy impact analysis shows sanitation is important. Development of better drainage and potable water systems has a large impact on income.
About the speaker: Dr. Nilanjan Banik is an Associate Professor at Mahindra Ecole Centrale in Hyderabad. His work focuses on the application of econometrics in issues relating to international trade, market structure and development macroeconomics. His other area of work focuses on the `rules' part of WTO; especially examining the non-tariff barriers aspect of GATT/WTO agreements. Presently, he is working in the area examining India's growth and development spatial nexus. He has published in International Review of Economics and Finance, Review of Development Economics, Development Policy Review, Journal of World Trade, Asia Pacific Trade and Investment Review, and Economic and Political Weekly. He is the author of The Indian Economy: A Macroeconomic perspective.
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