Regional Economic Diversity: Lessons from an Emergent India

About this book

Take a deep dive into the regional economy of India to understand the big debates of our time – Is it wiser to develop specialized regional hubs or should they be diversified? Do high-growth regions within developing economies experience divergence or convergence? How do firms and households decide where to be located? Are there ways to make sense of regional patterns in the absence of granular data on output and skilling? This book explores such questions that lie at the core of decisions taken by business leaders, investors, multilaterals and policymakers in order to be future ready. It uses evidence to underscore that a vibrant regional economy is the backbone of progress. Several key issues namely financial inclusion, digital access, job creation, boosting cities as engines of growth and so on, depend upon the regional economy’s ability to attract industry and respond to policy stimuli. The authors give a counter-intuitive twist to public datasets, and analyse markers of regional advancement. They provide invaluable insights and lessons that can fuel growth plans across countries and sectors.