THe Blog

January 25, 2019

IDFC Institute's Work on Regional Divergence is Quoted in the Harvard Economics Review

In this blog post on the Harvard Economics Review, CAFRAL's Sujan Bandyopadhyay and Anmol Agarwal quote Resident Senior Fellow Vivek Dehejia and former Visiting Senior Fellow Praveen Chakravarty's work on regional divergence. Excerpts:

 

"Chakravarty and Dehejia (2017) mark 1991-92 as a turning point, when the Indian growth story tilted from convergence to divergence. They classify economic liberalization of 1991 as a potential cause behind the phenomenon. But what is, perhaps, missing in the Indian convergence literature is the mention of decentralization reforms of 1992-93. The 73rd and 74th Amendments to the constitution of India in 1992, gave a statutory recognition to the rural and urban local governments respectively...."

 

Read the whole article here.

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