Some Conceptual and Empirical Perspectives on Economic Growth and Development in South Asia, with Special Reference to India

Authors: Waqif A*

DOI: 10.23880/phoa-16000119

Volume 2, Issue 1

Abstract

Increasingly economic policies in both developing and developed during the last few decades of Liberalistion, Privatisation and Globalisation (LPG) have been focussing on achieving higher economic (GDP) growth rates. Such growth rates bring relatively more developmental benefits to middle and upper income groups. But they do not necessarily and automatically equally benefit those at the lower end of the socio-economic pyramid. They may even contribute to high discontent among such groups, possibly resulting in the disruption of LPG-led economic and development policies.

Keywords: Empirical perspectives; Economic growth; Social pyramid; Economic policy; India

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