Policies for pro-poor growth in India

Economic reforms in India over recent decades have spurred economic growth and contributed to a decline in poverty. Annual per capita growth has accelerated from less than 1 percent per year over the 1960s and 70s to around 3 percent per year in the 1990s. 2 This implied about a one-third increase in consumption per capita over the last decade and a 5 to 10 percentage point reduction in national poverty rates, depending on the methodology followed. Policy reforms have played a key role in this progress.