By Rajarshi Majumder
The Author is Associate Professor, Department of Economics, University of Burdwan, West Bengal.
Regional imbalance in India is gigantic and spiraling. Convergence of administrative and developmental boundaries and increasing micro approach to development planning is the primary reason. It is time to look beyond administrative boundaries and restart regional integrated planning.
They say three things are important in business – location, location, and location. This is true for development also, as across the globe it has come to be dependent on business, mostly private, since the late eighties. To be fair, this is not new in the history of the world; both colonial Asia and the new world rose because of their locational advantages and fell as that lamp went out slowly but surely. Between the Second World War (1939) and...