Rural Transformation in India in the Decade of Miraculous Economic Growth
Posted: 24 Jun 2016
Date Written: June 24, 2016
Implementation of economic reforms in India has not only stimulated economic growth but also brought tremendous changes in nature and structure of rural economy as well. The study empirically measures the pattern and extent of rural transformation in India, witnessed during the first decade of the 2000s, using a comprehensive assessment system based on three multidimensional indices, namely rural development index, rural transformation index and urban-rural coordination index. The constructed rural transformation index shows that rural India has undergone a sweeping transformation during the decade of spectacular economic growth. The transformation occurred in India is accompanied by an improvement in the rural development level. The findings are indicative of a decline in India’s urban-rural development coordination between 2001 and 2011. In addition, large regional disparities in rural transformation are shown. Based on findings it is argued that policies aimed at region specific rural transformation types may be an effective way to shape a more integrated urban-rural development pattern in India.
Keywords: Rural transformation, urban–rural coordination, regional disparity, India, rural economy
JEL Classification: O18, P25
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