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Prakash Loungani
Prakash Loungani is Assistant Director in the International Monetary Fund’s Independent Evaluation Office. He is also an Adjunct Professor at Johns Hopkins University (Carey School of Business), a Senior Fellow at Policy Center for the New South (a global think tank based in Rabat, Morocco) and a member of the advisory board of JustJobs Network based in New Delhi. During 2010-15 he was co-chair of the IMF's group on Jobs and Growth. Since 2012, he has been on various World Economic Forum councils on employment issues and real estate markets. He has 35 years of experience at the IMF, the Federal Reserve System, and the University of Florida. His research interests include causes of unemployment, global housing markets, impacts of energy prices and climate change, and assessment of forecasting performance. He blogs as 'The Unassuming Economist' (www.unassumingeconomist.com).
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Focussing on inequality of opportunity to sustain India’s growth
India has seen a four-fold increase in average incomes since 1990, which has reduced the share of the population living in absolute poverty from 45% to 20%. Yet, there are large and widening inequalities in incomes and opportunities. Analysing microdata from the National Sample Survey, this article provides estimates of the ‘locational premiums’ that residents can earn merely by belonging to a richer sub-region.
