Debate over Growth and Development are quite old in the history of economic thinking. It is argued that development encompasses comprehensive issues like health, education, equality, and liveability while growth is too narrow a concept. This paper analyses the growth and development experience...

For centuries it has been believed that the extension of the franchise in unequal societies would lead to relatively high levels of redistribution. According to international rankings, how- ever, among the fourteen most unequal countries in the world, nine have been democratic for at least the...

Economic and political decisions usually involve a trade-off between efficiency and equality considerations. While some inequality is expected to prevail in our soci- eties, high levels of it are objectionable on various grounds. One of the fundamental roles of government is to collect and...

The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...

Developing countries attach enormous importance to physical infrastructure for poverty reduction. We contend that this association is different across types of infrastructure and regions. The present paper explores the multidimensional association between infrastructure and poverty in India in a...