India’s New High Growth Trajectory: Implications for demand, technology and employment C.P. Chandrasekhar

Evidence on trends in surplus generation and utilisation suggests that India’s recent transition to a high-growth trajectory has been accompanied by and partly based on tendencies towards profit inflation and increased inequality. This paper offers an explanation as to why the net implications for employment and conditions of work of this growth trajectory have been adverse.

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(This article was originally published in the Indian Journal of Labour Economics, Vol. 54, No. 1, 2011.)