The high growth performance of the Indian economy since the launch of economic reforms in the early 1990s has been much lauded. But how much of this growth has made its way to the poor?
In a radical assessment of inclusive growth, this book probes the impact of neo-liberal policies on employment, poverty and inequality. It critiques the claim that market-friendly economic reform policies trickle down to the poor and reduce poverty and deprivation. The author uses exhaustive data from the formal and informal sectors to create a profile of the aam aadmi. He advocates the need for a broad-based growth and development strategy that alone will address the many-sided social and economic inequalities in India.
The volume will be useful to scholars and students of economics, development studies, labour studies, and sociology.
Preface. Acknowledgements. 1. Introduction 2. Indias Common People: Who are They, How Many are They and How do They Live? 3. More on Indias Common People: A Regional Profile 4. Growth sans Employment: A Quarter Century of Jobless Growth in Indias Organised Manufacturing 5. Dualism, Informality and Social Inequality 6.The Long Road to Social Security 7.How Inclusive is Inclusive Growth in India? 8.Low Participation and High Informalisation: Is this a Virtuous Circle in the GrowthEmployment Interaction? Notes. Appendix. Bibliography
Kannan's treatise on the informal economy is on the widening gap between the classes higher up and down below. His critical analysis challenges the inclusivity of the growth process unleashed by the neoliberal reform policies. Jan Breman, Amsterdam Institute of Social Science Research, University of Amsterdam