The development of the Punjab economy, as driven by the evolution of the GR and its impacts on the wider economy, has resulted in a mixed picture regarding growth of per capita income, reduction of poverty, provision of health care services and development of human capital. [...] Some of the problems in the state’s public finances arose from the costs imposed by the 1980s turmoil, and the associated deterioration of many of the state’s organizations and institutions, including for revenue collection. [...] It is evident that agriculture sector is the axis in the economy, strongly impacting growth in other sectors and driving the economy.” While the qualitative statements about transportation and demand would apply to any other part of the economy, the numerical comparison of the linkage effects across sectors is the key claim made, and deserves more investigation. [...] This is similar to the rest of the country, and one of the factors behind this trend is likely the after effects of the early 2000s investment boom, followed by the global financial crisis and an increase in non-performing assets in the banking sector. [...] Even in the PVD, there does not appear to be any analysis of the precise nature of improvements in infrastructure that come under the services sector, which would be needed for industrial development, both by specific industry and by local region.20 A different approach to the question of industrial development, also rooted in the service sector, can be found in the two reports of the Punjab exper.
Authors
- Pages
- 47
- Published in
- India
Table of Contents
- Lakhwinder Singh Institute for Human Development New 1
- Delhi and Punjabi University Patiala Punjab 1
- Nirvikar Singh University of California Santa Cruz USA 1
- Prakarsh Singh Plaksha University Mohali Punjab 1
- Lakhwinder Singh 2
- Institute for Human Development New Delhi and 2
- Punjabi University Patiala Punjab 2
- Nirvikar Singh 2
- University of California Santa Cruz USA 2
- Prakarsh Singh 2
- Plaksha University Mohali Punjab 2
- July 23 2024 2
- Economic Development of Punjab India 4
- Prospects and Policies 4
- Lakhwinder Singh 4
- Institute for Human Development New Delhi and 4
- Punjabi University Patiala Punjab 4
- Nirvikar Singh 4
- University of California Santa Cruz USA 4
- Prakarsh Singh 4
- Plaksha University Mohali Punjab 4
- 1. Introduction 5
- 2. Economic Structure 8
- 3. Labor and Employment 21
- 4. Education and Health 25
- 5. Public Finances and Governance 31
- 6. Policy Discussion 38
- 7. Conclusion 41
- References 43
