
What is more conducive to economic development of a nation-specialisation or diversification? Are regions within a developing economy experiencing divergence or convergence as they embark on high growth path? The learnings from the India story has valuable lessons on such aspects for other developing countries and so this book is a deep dive into the regional economy of India. A region's ability to experience growth is to a large extent determined by its ability to attract either industry or people. This phenomenon is known as agglomeration and affects concentration of firms, development of industrial hubs, policies towards special economic zones, flows of labour and capital, formation and growth of cities. Given the size and diversity within each state in India there is an urgent case for going one step below to identify homogeneous units at a sub state level, viz., NSS regions, something which this book seeks to address.
This book investigates whether economic specialization or diversification better facilitates national development, specifically examining the patterns of divergence and convergence within the Indian economy. The authors, Krishnan Narayanan and Poornima Dore, utilize sub-state level data to analyze how agglomeration forces—such as the concentration of firms, labor mobility, and capital flow—shape regional growth. By shifting the analytical focus from the state level to homogeneous NSS regions, the authors provide a framework for understanding how industrial hubs and urban development influence the broader economic trajectory of a developing nation.
What You Will Find
Scope Limits
Experts recognize this work as a significant contribution to the study of sub-national economic disparities in developing economies. Readers frequently note the technical rigor of the regional analysis and its utility for policymakers seeking to understand localized growth drivers.
Page Count:
322
Publication Date:
2023-01-01
Publisher:
Oxford University Press
ISBN-10:
0190130598
ISBN-13:
9780190130596
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