인도·남아시아
In the period since the early 1990s, India’s economy experienced exclusive growth, that is, growth that benefited the rich. The richest 10% of the population has been the recipient of a large and growing share of the incremental income generated by growth. Employment of the skilled—the rich—has been growing while the low skilled—the poor—have suffered progressive exclusion from employment. This paper investigates, theoretically and empirically, the rise and persistence of exclusive growth. What emerges is that the source of India’s exclusive growth lies in the nature and characteristics of the lead sectors, namely skill-intensive services.
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