It is important to stress that this is in no way an indictment of economic liberalization. By contrast, after 1991, the states of peninsular India have raced ahead of those in the hinterland. There may be some comfort in realizing that around the world, in advanced and emerging economies alike, policymakers are grappling with widening regional inequalities and are being confronted with the need for “place-based” economic policy interventions to ameliorate these inequalities. Economists looking from 30,000ft above have traditionally not been well-equipped to delve into the minutiae of regional economic policies. Every fortnight, In the Margins explores the intersection of economics, politics and public policy to help cast light on current affairs.

Source: Mint February 12, 2017 19:25 UTC