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Growth in the time of UPA: myths and reality

Ghatak, Maitreesh, Ghosh, Parikshit and Kotwal, Ashok (2014) Growth in the time of UPA: myths and reality. Economic and Political Weekly, 49 (16). pp. 34-43. ISSN 0012-9976

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Abstract

This article challenges the prevailing view that the diminished electoral prospects of the United Progressive Alliance government is the result of neglecting growth to launch populist welfare schemes. It looks at a wide range of economic indicators to argue that compared to the National Democratic Alliance regime, the UPA period has been characterised by faster growth, higher savings and investment, growing foreign trade and capital infl ows, and increased infrastructure spending in partnership with private capital. The UPA's political troubles arise not from policies that hurt growth but from an inability to tackle the consequences of accelerated economic growth - increased conflict over land, rent seeking and corruption in the booming infrastructure and natural resource sectors, inability of public education to keep up with increased demand and rising aspirations, and poor delivery of welfare schemes made possible by growing revenues

Item Type: Article
Official URL: http://www.epw.in/
Additional Information: © 2014 Economic and Political Weekly
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
J Political Science > JC Political theory
J Political Science > JQ Political institutions Asia
Sets: Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 08 May 2014 15:57
URL: http://eprints.lse.ac.uk/56679/

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