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Finance and Economics

Central hub for discussion on Finance & economics

Sudhanshu , Live and let live Sep, 14 2016

There is nothing stopping the increase in economic disparity between the Indian States


It is clear that the economic outperformance of some of these States is a function of their politics and policies over decades or the “maturation of democracy”, as Ms. Jayalalithaa put it. While it is tempting to attribute explanations for this outperformance, it is very difficult to prove any. At best, it can be attributed to a complex interplay of politics, leadership, policies, human capital, and some luck.

http://www.thehindu.com/todays-paper/tp-opinion/the-gap-between-rich-and-poor-states/article9073433.ece

It is clear that the economic outperformance of some of these States is a function of their politics and policies over decades or the “maturation of democracy”, as Ms. Jayalalithaa put it. While it is tempting to attribute explanations for this outperformance, it is very difficult to prove any. At best, it can be attributed to a complex interplay of politics, leadership, policies, human capital, and some luck. http://www.thehindu.com/todays-paper/tp-opinion/the-gap-between-rich-and-poor-states/article9073433.ece

Pavan , Sep, 15 2016


Recent studies have shown that the gap between top 3 and bottom 3 rich states in India has become more than 4 times, this discrepancy is the largest in all the federal countries. A child born in Maharashtra today is likely to be four times richer upon becoming an adult than a child born in Bihar today, even if they are working for same number of hours. This means that India has failed to ensure economic justice which has been promised in the very preamble of our constitution. This gap instead of closing down, is only increasing over years.

Recent studies have shown that the gap between top 3 and bottom 3 rich states in India has become more than 4 times, this discrepancy is the largest in all the federal countries. A child born in Maharashtra today is likely to be four times richer upon becoming an adult than a child born in Bihar tod


Mrinal chatterjee , Sep, 14 2016


Traditionally, states with a very large populations like Bihar, Uttar Pradesh, had to face tremendous pressure for land and making available other services. Widespread poverty and iliteracy, further meant that states did not possess sufficient human capital. On the other hand, states like Tamil Nadu, Maharashtra, with lesser population pressure, managed to initiate land reforms faster and ensure growth.

Traditionally, states with a very large populations like Bihar, Uttar Pradesh, had to face tremendous pressure for land and making available other services. Widespread poverty and iliteracy, further meant that states did not possess sufficient human capital. On the other hand, states like Tamil Nadu


aarth dhar , Sep, 14 2016


Economic disparity among Indian states, is evidenced in the vastly different rates of per capita income, health standards, literacy levels prevailing among different states. The development of any state is largely dependent on the will of the political elite of that region. Pro-reform politicans, who could rise above party/personal interests and managed to create a favourable climate for investment, put their states on the path of development. Also the remote locations of North-east, hilly terrain of Uttarakhand, Himachal make setting up of revenu/employment generating industries difficult.

Economic disparity among Indian states, is evidenced in the vastly different rates of per capita income, health standards, literacy levels prevailing among different states. The development of any state is largely dependent on the will of the political elite of that region. Pro-reform politicans, wh


Manav garg , Sep, 14 2016


Prior to the 91 reforms, the economic disparity was caused by the geographical locations, presence of resources, connectivity, potential for economic usage of their human capital, cultural history and progressive/conservative mindset of the ruling governments, etc. The reforms have essentially exaggerated the reasons mentioned before. As connectivity and communication increased, more and more people started migrating to the richer states for opportunities. Lack of economic ability beforehand also meant that the poorer states could not invest as much in education, infrastructure, etc. Progressive legislation was also found wanting and this ultimately hurts a state's chances to fill its coffers (e.g alcohol prohibition in Bihar has deprived the state of huge revenue and led to corporations looking at other states for presentations, meetings, etc.). This ultimately becomes a vicious cycle.

Prior to the 91 reforms, the economic disparity was caused by the geographical locations, presence of resources, connectivity, potential for economic usage of their human capital, cultural history and progressive/conservative mindset of the ruling governments, etc. The reforms have essentially exagg