Abstract

India is uniquely placed to help reduce global poverty and boost prosperity. The country has the largest number of poor people in the world, as well are the largest number of people who have recently escaped poverty. There is an emerging middle class but the majority of people are [...]

Abstract

“Shared prosperity” is a common phrase in current development policy discourse. Its most widely used operational definition—the growth rate in the average income of the poorest 40% of a country’s population—is a truncated measure of change in social welfare. A related concept, [...]