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Unit-3 Growth and Structural Change

In this unit, we shall examine the theoretical and empirical evidence that explains the process of economic development by way of a certain pattern of structural change.

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Discuss the nature of declining poverty in India since 1993-94.

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Written on Jun 26, 2019 1:21:11 PM

Since 1993-94, there has been decline in the absolute number of poor both in rural and urban areas. However, in the reform period, beginning with the 1990s, there has been slowing down of the rate (speed) of decline in poverty. During the pre-reform period between 1983 and 1993-94, poverty ratio declined at the annual rate of 0.85 percentage points, while the corresponding rate of decline in the reform period of 1993-94 and 2004-05 was 0.70percentage points. Another dimension of change is the growing gap in the poverty levels of backward States and relatively fast growing States.