Towards a Sustainable Growth Story1 A Critical Analysis of the Fundamentals

In this paper, I will develop an insight into the growth process of Indian Economy and will find that increased inequality due to unconventional transitions have its negative implications for future growth prospects and the overall issue of sustainability. The objective of this paper is to throw light on theoretical concepts of growth process and to suggest some policies which are in line with the conventions and at the same time are well integrated with the contemporary Indian Economy. Issues like that of consumption inequality, labor mobility etc. have been identified as inhibiting factors for a smooth flow of transitions and with a sector specific analysis, have been dealt with, so as to remove them and make the transition process free flowing, which will bring about a sustainable long-run growth strategy. 1 I would like to express my sincere gratitude towards Ms. Vineeta Sharma (Kirorimal College) for her guidance, which has been one of the most important sources of my success in drafting this paper. I would like to thank Mr. Saumyajit Bhattacharya (Kirorimal College) and Mr. Pavan Kumar (Ramjas College) for their valuable comments and suggestions regarding the work. I would also like to thank the Library staff of the Institute of Economic Growth for allowing me to access their academic resources. I am solely responsible for all remaining errors