Journal Article
Growth, Distribution, and the Environment

This paper considers prospects for improving growth and income distribution in India that are broadly sustainable in terms of macroeconomic and environmental constraints. It first describes recent economic trends and the reform process, using a simple framework which can incorporate political economy issues. It then takes up environmental questions and the interaction of the environment and the macroeconomy. Based on this analysis, the economy's medium-term prospects are discussed under current policy and an alternative approach which is arguably more promising for growth, distribution, and the environment.