Regional disparities in Indian economic development

Economics

Indian economy has been experiencing the annual average growth rate of around 6.02 percent from 1951-2015. This is quite a well performance as compared to another developed and developing economy. But the economic wellbeing of the country or a region depends upon its rate of economic development. In the previous times, the concept of development was measured in terms of growth of output, but later on it was measured in per capita output. In India, the rate of socio-economic development is commendable, but the benefits of this kind of development were not distributed among the different states or regions, which enlarge the socio-economic disparities among them. Keeping in this view, the present paper aims to find the extent of socio-economic inter-state disparities among the considered states in the present study. On the basis of simple comparative analysis method, the inequalities among different states were measured. Under this study, it was found that social-economic conditions of the deprived states were too low as compared to other states. The present study also discusses the policy adopted by the government for the development of regions. In the end, this study makes some recommendations that how by adopting policies based on social and economic justice, the disparities can be reduced.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.