Inclusive Growth and Social Change: Formal-Informal-Agrarian Relations in India

Inclusive Growth and Social Change: Formal-Informal-Agrarian Relations in India

by Saumya Chakrabarti


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Has the Indian economy realized its oft-stated goal of inclusive growth? Did the rapid progress made after liberalization help improve income levels of the most vulnerable households in the country? Can the economy succeed in establishing complementary linkages between the formal and informal sectors so that the growth of the former enables the latter?

What can be the role of agriculture in this context?

This book addresses such debates, and posits that, despite the consistently high growth rate driven by the formal sector, informality exists without substantial improvement in its basic economic conditions. It explores the conflicts and complementarities between both segments of the economy arguing that these interactions lead to a distorted structure of capitalism.

With in-depth theoretical foundations and empirical analysis, the book interrogates the paradigm of 'growth' being 'inclusive', proposing that only a comprehensive structural change can resolve the challenges of the informal sector.

Product Details

ISBN-13: 9780199466061
Publisher: Oxford University Press
Publication date: 08/01/2016
Pages: 656
Product dimensions: 5.90(w) x 8.70(h) x 1.90(d)

About the Author

Saumya Chakrabarti teaches economics at Visva-Bharati, Santiniketan, West Bengal, India.

Table of Contents

List of Tables, Figures, Boxes, and Maps
List of Abbreviations and Acronyms
Introduction: Changing Contours of Development Economics
Part I: AgricultureâIndustry Relations
1. 1. Models of AgricultureâIndustry Relation
2. 2. Models of FormalâInformal Dichotomy: Revisiting AgricultureâIndustry Relation
Part II: FormalâInformalâAgriculture Relations in India
3. 3. RuralâUrban Dichotomy within the Informal Sector
4. 4. Tortuous Transition or Persistence of Misery?
Part III: Models of FormalâInformalâAgriculture Relations
5. 5. Short-Run Conflicts and Complementarities
6. 6. The Long-Run Problem of Transition
Part IV: Perspectives
7. 7. FormalâInformal Interlinkages in a Resource-Constrained Economy: A Study on India (contributed by Anirban Kundu)
8. 8. Informal Services and the Issue of Inclusive Growth: A Study on India (contributed by Kasturi Sadhu)
9. 9. Political Economy of (Non-)Transition: The Indian Informal Sector
About the Author

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