This paper argues that per capita income in all states in India increased in the past four decades but in fact no sign of convergence could be visible as it was expected in the context of liberalizing markets. The paper shows that disparities in terms of income were higher within the rural areas...

Impressive growth in India in the recent past had been accompanied by rising inequality that can largely be attributed to changing factor shares in favour of profits. This paper apart from looking into factor shares such as wages, profits, rents and interests also focuses on the changing share...

Indian economy shows high levels of growth and per capita income in recent years accompanied by an unprecedented shift of labour from agriculture to non-agriculture during the last decade. Reallocation of labour from ‘traditional’ to ‘modern’ segments in an economy having large surplus...