Himachal Pradesh : Accelerating Development and Sustaining Success in a Hill State

This Economic Report is the first by the World Bank on the economy of Himachal Pradesh (HP), and the first on a hill state in India. HP is a unique state in many respects-most importantly because of the enormous success it has achieved over the pas...

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Bibliographic Details
Main Author:	World Bank
Format:	General Economy, Macroeconomics and Growth Study
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	ACCOUNTING AIR BENEFICIARY BUDGET FORMULATION BUDGET PROCESS BUDGETING CABINET CAPACITY BUILDING CAPITAL INVESTMENT CAPITAL OUTLAY CARS CHEMICAL FERTILIZERS COMPARATIVE ADVANTAGE CONFEDERATION CONSUMPTION EXPENDITURE CONTINGENT LIABILITIES CONVICTION CORPORATION CROP INSURANCE CURRENCY DEBT DEBT CRISIS DEBT SERVICE DEBT STOCK DECENTRALIZATION DECISION MAKING DEED DEVELOPING COUNTRIES DIVIDENDS DRIVERS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SITUATION ECONOMIC VALUE ECONOMICS ELECTRICITY ENABLING ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROBLEMS ENVIRONMENTAL RESOURCES EQUILIBRIUM EVASION EXCISE DUTY EXCISE TAXES EXPENDITURES EXPLOITATION FINANCES FINANCIAL FLOWS FINANCIAL MANAGEMENT FISCAL BURDEN FISCAL CONSTRAINTS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL RESPONSIBILITY FIXED ASSETS FLAT RATE FORESTRY FRAUD FRAUD RISK FUEL GDP GOVERNMENT GRANTS GOVERNMENT GUARANTEES GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT HOUSEHOLD INCOMES HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME LEVELS INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURAL CONSTRAINTS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSURANCE INTEREST PAYMENTS INTERNAL AUDIT INVESTMENT CLIMATE LABOR FORCE LABOR MARKET LEVEL OF DEBT LEVIES LEVY LICENSES LIVING STANDARDS MARKET ACCESS MARKET INFORMATION MOTOR VEHICLE MOTOR VEHICLES MUNICIPALITIES NATURAL RESOURCE BASE NATURAL RESOURCES NONTAX REVENUE O&M PASSENGERS PENSION PENSIONS PERSONAL VEHICLES POLICE POLICY INSTRUMENTS POLITICAL ECONOMY POLITICAL ENVIRONMENT POLITICAL PARTY POLLUTION POLLUTION CONTROL POPULATION DENSITY PORTFOLIOS POST OFFICE POVERTY LINE PRESENT VALUE PRIVATE INVESTMENT PRIVATE PARTIES PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRODUCTIVITY PROVISIONS PUBLIC PUBLIC CONSULTATION PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC PARTICIPATION PUBLIC PRIVATE PARTNERSHIPS PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING PUBLIC WORKS REAL ECONOMIC GROWTH REAL PROPERTY REGISTRATION FEE REGISTRATION FEES REPAYMENT RESOURCE USE RETURNS REVENUE COLLECTION REVENUE PERFORMANCE RIVER BASINS ROAD ROAD TAX ROAD TOLLS ROAD TRANSPORT ROADS ROUTES SOCIAL INFRASTRUCTURE SOFT BUDGET CONSTRAINT SOIL DEGRADATION STAMP DUTIES STAMP DUTY STATE OWNED ENTERPRISES STREAMS SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TAX TAX COLLECTION TAX EXEMPTIONS TAX INCENTIVES TAX RATE TAX RATES TAX REGIME TAX REVENUE TAX REVENUES TAX SYSTEM TAX TAKE TAXATION TIMBER TRADING TRANSPARENCY TRANSPORT TREASURY TRUE UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN INFRASTRUCTURE URBAN MANAGEMENT URBANIZATION USER CHARGES VALUATION WATERSHED WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2007/07/8822968/india-himachal-pradesh-accelerating-development-sustaining-success-hill-state http://hdl.handle.net/10986/7572

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Summary:	This Economic Report is the first by the World Bank on the economy of Himachal Pradesh (HP), and the first on a hill state in India. HP is a unique state in many respects-most importantly because of the enormous success it has achieved over the past three decades, despite severe structural disadvantages of relative remoteness, environmental fragility, and a difficult hill terrain, characteristic of Himalayan states in India. The study sets out to document, first, the remarkable success that the state has achieved in terms of sustained growth and human development, and the underlying reasons in terms of supportive policies and social cohesion. In this respect, HP makes an important contribution to lessons of success for the other nine Himalayan hill states in India. The second, and more extensive part of the Report, is forward-looking. It describes how it might be possible to build on the past success that HP has achieved, and, at the same time, address some crucial economic and social transitions that will be essential for the state to firmly secure its future: (i) a sustained increase in income levels along with an enabling environment for the private sector; (ii) the creation of suitable jobs based on enhanced productivity and skill s of its young labor force that can shift from public to private sector employment; and (iii) the utilization of natural resources like hydropower, forests, and water resources wisely and well. There is every reason to be confident that HP can meet these challenges. The state's past enviable track record is testimony to the ability of its people and leadership to forge a social consensus and compact necessary to achieve such goals. The Report seeks to provide an analysis of HP's current economic situation, and to lay out a menu of reform options that can help build on HP's considerable strengths and opportunities, and address some of the main challenges ahead.

Himachal Pradesh : Accelerating Development and Sustaining Success in a Hill State

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