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How to Make Globalisation Pro-Poor

Nutan Karnik, Sandip P. Solanki

Abstract


India is adding 40 million people to its middle class every year. Growing at the current rate, a majority of Indians will be belonging to the middle-class by 2025. Apart from this burgeoning middle class in the country, the economy growth seemed to have touched the lives of the poor also. According to the national Sample Survey results, people living below poverty line have dramatically come down during the post economic reform era. People living below poverty line (BPL) came down from 36 per cent in 1993-94 (50th Round, NSSO) to 26 per cent in 1999-2000 (55th Round, NSSO). Many economists question this dramatic change in poverty level. However, the intention of this paper is not to join the debate on the level of poverty reduction in the county but to recognize the reduction of poverty in the country during the post-economic reform era and to suggest steps, which can be taken to make globalization pro-poorer.   
Classification-JEL: Keywords: ,

Keywords


Indian Economy,globalization,poverty

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