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India’s Growth Story Runs Through Its States: Why Convergence Has Re-emerged After the Pandemic

India’s Growth Story Runs Through Its States: Why Convergence Has Re-emerged After the Pandemic2+ hour, 30+ min ago  (805+ words) Economic theory suggests that poorer regions, with lower capital stock and income levels, should be able to grow faster than richer ones " a process known as "catch-up" or convergence. If several large, low-income states enter such a phase simultaneously, the…...