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Sriram Balasubramanian
Sriram Balasubramanian is a Senior Research Officer at the International Monetary Fund (IMF), Washington DC. Prior to joining the IMF, he has worked as an economist at the World Bank Group and other multinational organisations in the private sector. He has made important contributions to international publications on international macroeconomic policy, growth and inflation dynamics, inequality and emerging socio-political trends. His key areas of interest include new growth models, international macroeconomics, and economic history among others. He is also an author and an alumnus of Columbia University.
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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.
