Can Maharashtra be India's California?
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MANIMALA, MATHEW J. ( EDITOR) SOUTH ASIAN JOURNAL OF MANAGEMENTSummary: India's transformation into a USD 5 trillion economy by 2025 will depend critically on development of its sub-national entities, which can act as regional powerhouses triggering such growth. Maharashtra, the richest state in India, is one such contender to the position of a regional powerhouse, akin to California in the United States and Guangdong province in China. Indeed, the state is looking at transforming itself into a USD 1 trillion economy by 2025. This paper looks at the challenges to such transformation of Maharashtra into a USD 1 trillion economy using theoretical constructs of the Harrod-Domar rule, and Domar's rules of fiscal sustainability. It posits that private sector investment, public debt sustainability and unbalanced regional development will be the three key constraints to such transformation. [ABSTRACT FROM AUTHOR]
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Main Library | Vol 26, Issue 2/ 55510879JA4 (Browse shelf(Opens below)) | Available | 55510879JA4 | |||||
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Main Library On Display | JRNL/ GEN/Vol 26, Issue 2/55510879 (Browse shelf(Opens below)) | Vol 26, Issue 2 (01/04/2019) | Not for loan | April-June, 2019 | 55510879 |
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India's transformation into a USD 5 trillion economy by 2025 will depend critically on development of its sub-national entities, which can act as regional powerhouses triggering such growth. Maharashtra, the richest state in India, is one such contender to the position of a regional powerhouse, akin to California in the United States and Guangdong province in China. Indeed, the state is looking at transforming itself into a USD 1 trillion economy by 2025. This paper looks at the challenges to such transformation of Maharashtra into a USD 1 trillion economy using theoretical constructs of the Harrod-Domar rule, and Domar's rules of fiscal sustainability. It posits that private sector investment, public debt sustainability and unbalanced regional development will be the three key constraints to such transformation. [ABSTRACT FROM AUTHOR]
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