arXiv subjects

Satyanarayan Kothe

Publications and source records attributed to Satyanarayan Kothe.

2 recordsLinked to original sources

arXiv2025

Forging a Developed India: Growth Imperatives, Fiscal Sustainability, and Multilateral Partnerships for Viksit Bharat 2047

This paper examines the fiscal and macroeconomic strategies essential for transition of India to a high income economy by 2047, aligning with the vision of Viksit Bharat. A sustainable annual GDP growth rate of 7 to 8 percent is projected as necessary to achieve this milestone while maintaining fiscal prudence through a targeted deficit threshold below 3.5 percent of GDP. The study underscores the role of disciplined fiscal management in financing critical public investments in infrastructure, human capital development and technological innovation. Given constraints on domestic resource mobilization, the paper highlights the importance of multilateral financial institutions, including the World Bank, IMF and ADB, in expanding fiscal space in India through concessional financing, technical cooperation, and risk sharing mechanisms. Using econometric modeling and scenario analysis, the research identifies key policy interventions in infrastructure, healthcare, education and sustainable energy that can maximize growth while ensuring fiscal sustainability. Policy recommendations include enhancing tax buoyancy, rationalizing expenditure, optimizing public private partnerships and strengthening fiscal responsibility frameworks. The findings suggest that a calibrated approach to growth, prudent fiscal management and strategic international collaborations are critical to achieving long term economic aspirations of India.

econ.GN↗

arXiv2021

Interpreting the Caste-based Earning Gaps in the Indian Labour Market: Theil and Oaxaca Decomposition Analysis

The UN states that inequalities are determined along with income by other factors - gender, age, origin, ethnicity, disability, sexual orientation, class, and religion. India, since the ancient period, has socio-political stratification that induced socio-economic inequality and continued till now. There have been attempts to reduce socio-economic inequality through policy interventions since the first plan, still there are evidences of social and economic discrimination. This paper examines earning gaps between the forward castes and the traditionally disadvantaged caste workers in the Indian labour market using two distinct estimation methods. First, we interpret the inequality indicator of the Theil index and decompose Theil to show within and between-group inequalities. Second, a Threefold Oaxaca Decomposition is employed to break the earnings differentials into components of endowment, coefficient and interaction. Earnings gaps are examined separately in urban and rural divisions. Within-group, inequalities are found larger than between groups across variables; with a higher overall inequality for forward castes. A high endowment is observed which implies pre-market discrimination in human capital investment such as nutrition and education. Policymakers should first invest in basic quality education and simultaneously expand post-graduate diploma opportunities, subsequently increasing the participation in the labour force for the traditionally disadvantaged in disciplines and occupations where the forward castes have long dominated.

econ.GN↗