This paper uses the construction of India's Golden Quadrangle central highway network, together with comprehensive loan data from the Reserve Bank of India, to investigate the interaction between infrastructure development and financial sector depth. The paper identifies a disproportionate...

The infrastructure gap is one of the most significant impediments to India realizing its growth and poverty reduction potential. Although India s transport network is one of the most extensive in the world, accessibility and connectivity are limited. Only 20 percent of the national highway...

The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been...