Overview

What changes are occurring at the macro and the sectoral levels, how the labour market changes are taking place and what impact is felt on the low income households are some of the questions that the present volume focuses on. It begins by examining the sectoral composition of growth, revisiting the issues related to industry-services balance, and also brings out the spatial dimension of growth. On the one hand the industry does not seem to have played a major role in the context of employment generation as imported technology is by and large capital intensive in nature. On the other hand, the services-led growth is seen to have reduced the pace of poverty reduction.  Given the services-led growth the possible impact of trade in services on employment both in the formal and informal sectors have been worked out, indicating limited positive spill-over effects.  The labour market outcomes are brought out with great details suggesting that rapid economic growth in India could not result in productive employment generation on a large scale. The gender dimensions of employment are brought out to verify if reduction in labour market inequality can result in improving the position of women in other spheres encompassing the decision making process both within the household and outside the household. Issues relating to urbanisation and rural-urban migration are also covered to understand the dynamics of urban poverty and to bring out the challenges of population transfer given the spatial concentration of growth. The job search practices pursued by the low income households are often pursued in terms of informal networks. What problems are associated with such mechanisms in experiencing improvements in wellbeing levels are covered in the present volume. On the whole, the volume offers an explanation of limited poverty reduction in a situation of rapid economic growth on the basis of an inter-disciplinary framework though efforts are being made to keep the methodology quantitatively rigorous.

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Congratulations to Professor Arup Mitra on receiving the prestigious Professor S.R. Sen Best Book Award 2019 for this book. The award is given by Bangiya Arthaniti Parishad (Bengal Economic Association, Estd. 1980), and was constituted in honor of Prof. Samar Ranjan Sen. Professor Sen (1916-2004) was an eminent Economist who worked with the erstwhile Planning Commission of India, and also served as executive director of the World Bank for India, Bangladesh and Sri Lanka from 1970 to 1978.

Author Information

Arup Mitra is a professor of Economics at the Institute of Economic Growth, Delhi. His research interest includes issues in the area of urban development, labour and welfare, industrial growth and productivity and gender inequality. He has published in a number of international and national journals. He worked as a senior researcher at ILO (Geneva), was offered visiting fellowship at Institute of Developing Economies (Tokyo) and held the Indian Economy Chair at Sciences Po. (Paris). The Indian Econometric Society offered him the Mahalanobis Award for his outstanding contribution in the field of quantitative economics. His work has been cited in the Hand Book of Regional and Urban Economics and he has also contributed in the Encyclopaedia of Life Support Systems (EOLSS) and Mathematical Models in Economics (Ed. Zhang, W.), developed under the auspices of the UNESCO. 

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