This paper reconsiders two questions relating to India's economic growth: structural breaks in growth and the impact of equipment investment on aggregate economic growth. First, statistical tests of structural change show that economic growth in post-independence India has witnessed four...

This paper examines income mobility in developing countries. We start by synthesizing findings from the available evidence on relative mobility and poverty dynamics. We then describe evidence on economic mobility obtained via synthetic panels constructed from cross-section data. We echo earlier...

With regard to the IT/ITES industry, globalisationand the rapid improvements in communications technologies, the decoupling of hardware from software opened a window of opportunity for countries rich in human capital such as India to becomeinvolved in the IT value chain. To this end, the Indian...

What motivates individuals to become politicians? This is an important question in decentralized democracies, where local politicians play a key role in public goods provision. However, and in emerging economies, bureaucratic hurdles and administrative failures introduce uncertainty about the...

Developing countries face a trade-off between the twin objectives of structural transformation and inclusive growth. This is the 'developer's dilemma'. This study analyses the dilemma as it manifested itself in the Indian context, and identifies two distinct episodes over the post-independence...