Differential Growth Performance of Indian States during 1980-2018: A Club Convergence within Overall Divergence of Per Capita Incomes
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Author: Mofidul Hassan and M.P. Bezbaruah
Author Address: Assistant Professor, Department of Economics, Rangia College, Rangia-781 354 (Assam) and Professor, Department of Economics, Gauhati University, Guwahati-781 014 (Assam)
Keywords: Club convergence, divergence, economic reforms, panel unit root, partial HDI.
JEL Codes: O47, O53, R11.
Abstract
Breaking free from the long stagnating growth
rate of the previous three decades, India in the 1980s shifted to a higher
growth trajectory. After embarking upon the market-oriented economic reform
program in 1991, the country sustained high growth for about 25 years. The
present paper examined growth performances at the sub-national level and found
that the performances were uneven across states. States attracting higher FDI
flows and having enriched human resources grew faster than the others. On the whole,
real per capita incomes across states tended to diverge. But states comprising
the western-southern part of the country and a pocket of two other states in
the north broke away from the rest of the states towards club convergence at
higher per capita income levels. However, real per capita incomes in states
forming the central and eastern parts of the country continued to lag behind
the all- India average real per capita income.
Description
Indian Journal of Economics and Development
Volume 18 No. 3, 2022, 545-555
DOI: https://doi.org/10.35716/IJED/22064
NAAS Score: 5.15 (2022)
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus (SJR: 0.18)
UGC Approved (UGC-Care List Group II)