I thought economic growth of an economy is inevitable.
Something that would happen naturally — because how can growth and development be stopped... no one wants that, right?
This semester break, I tried studying development economics. The recent Nobel Prizes, the loads of research going on in this field, and being a future of a developing country like India — this subject definitely had to be one of my interests.
This blog includes the readings that struck me and helped me develop a new wave of thinking.
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I discovered that growth could slow down or even reverse, even though we don’t want this to happen. Possible reasons include poor infrastructure, inequality, corruption, political instability, wars, or natural calamities.
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Growth and development only come with the right institutions and a sound mindset of the people of the country.
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I could relate the Hindi proverb “Boond boond se sagar banta hai” and say that growth is a result of collective tiny efforts taken over a long period of time.
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The Kerala paradox — a highly educated and socially developed state in India, yet facing economic challenges like unemployment and migration — made me curious about why social progress doesn’t always translate into economic growth. It shows how good education and welfare alone are not enough unless supported by strong economic opportunities.
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I went through the growth models and the well-known development economists, but honestly, I still need to strengthen my hold on them.
Studying development economics made me realize that growth is not a straight path — it’s shaped by people, policies, and persistence. Behind every data point, there’s a story of opportunity or struggle. The subject opened my eyes to how complex and human-centered development really is.
I’ve just scratched the surface, but it’s a start toward understanding how we can make growth more inclusive, sustainable, and real for everyone.
“Growth doesn’t just happen; it’s something we build, nurture, and protect.”
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