The Indian Economy and its Challenges

Reconciling growth and development has decidedly been an important challenge for the Indian economy. Scholars have appraised the economic reforms since the nineties in a divergent fashion in the wake of persisting backwardness and increasing inequality. While some have held inadequate reforms as the cause for this underdevelopment despite high economic growth, others have pointed out the skewed nature of economic growth as the reason behind increasing deprivation. No matter which side of the dividing line one is located, it is not possible to comment on the performance of the economy without taking cognizance of the structural poverty that remains conspicuous.