Sunday, January 17, 2021

Sambandan, V.S. Poverty Vs Growth: Bhagwati, Sen and India's fight against poverty. N.a.: The Hindu Centre for Politics and Public Policy, 2013.

Sambandan, V.S. Poverty Vs Growth: Bhagwati, Sen and India's fight against poverty. N.a.: The Hindu Centre for Politics and Public Policy, 2013.


  • The essential disagreement between Amartya Sen and Jagdish Bhagwati is how to reduce poverty. Dr. Sen argues that redistributive justice coupled with institutional reform is necessary to reduce poverty, which will in turn produce growth, while Dr. Bhagwati contends that the promotion of economic growth must take priority to end poverty.
    • Importantly, neither side denies that the other's issues are unimportant, only that certain policies are more important than others.
  • From independence until the 1980s, the Indian economy was predicated on state planning and public sector employment. Since the Rajiv Gandhi government of the mid-1980s, India has undergone liberal reform and development has been concentrated in the private sector. 
    • The socialist economic model produced very low rates of economic growth, but provided India with an industrial base and raised basic levels of healthcare and education. 

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