By Raghbendra Jha (eds.)
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Extra resources for Economic Growth, Economic Performance and Welfare in South Asia
While the incidence of hard-core poverty has declined for all classes between the early and mid-1990s, the decline in absolute poverty is relatively slow. 14). 6 Concluding Comments The overall impact of the changes stemming from the reforms has been mixed (see for example, Sobhan 1996~ Jahan 1998~ Hossain and Aauddin 2005). The transition from state-run monopoly to privatisation may have led to a more rational allocation of resources in the agricultural sector. However, the distributional consequences of these changes in this sector 26 Economic Growth, Economic Performance and Welfare in South Asia have not necessarily been equitable (Jahan, 1998).
Economic Liberalization and Environmental Concerns: A South Asian Perspective', South Asia, 26(3): 439-53. Alauddin, M. (2004). 'Bangladesh Agriculture in Reform Mode: Experiences, Obstacles and Prospects', in Globalisation and Market Structure: Experience front South Asia, M. Bhattacharya and R. Smyth (eds), Nova Science Publishers, New York (forthcoming). Alauddin, M. and M. Hossain (2001). The Environnlent and Agriculture in a Developing Economy: Problenls and Prospects for Bangladesh, Edward Elgar, Cheltenham, UK and Northampton, MA, USA.
Further, the variability of this growth (as measured by the standard deviation) has come down significantly. 9 per cent during 1992-2002. So the Indian economy has been enjoying high and relatively stable rates of growth for almost a quarter century now. 1 Recent economic growth in India has been consumption-led. This is true both of private as well as public consumption. 5 per cent in 2001-02. 9 per cent in 2001-02. Concurrently, public sector consumption expenditure has grown steadily. 1 per cent in 2002-03.