Chapter

The State's Economic and Welfare Roles: The Quantitative Dimensions of Change

Baldev Raj Nayar

in The Myth of the Shrinking State

Published in print April 2009 | ISBN: 9780195699395
Published online October 2012 | e-ISBN: 9780199080526 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195699395.003.0004
The State's Economic and Welfare Roles: The Quantitative Dimensions of Change

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This chapter addresses the following questions: Does the improved position of the private sector necessarily mean a diminution of the economic and welfare roles of the state in India? Is the relationship between the market and the state necessarily a zero-sum game? One way to seek answers to these questions would be to see what has happened to the various indicators of the state's role, particularly after the paradigm shift in economic policy in 1991. The state's economic and welfare roles are examined and attention is directed to: (i) the state's share in GDP and investment; (ii) its role in taxation; (iii) the status of state expenditures; and (iv) income redistribution programmes.

Keywords: economic policy; GDP; investment; taxation; state expenditures; income redistribution; private sector; economic role; welfare role

Chapter.  11356 words.  Illustrated.

Subjects: Political Economy

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