Correlating Growth with Well-Being during Economic Reforms Evidence from India and China

This paper investigates the hypothesis that economic growth is critical in inducing well-being during economic reforms. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth has been essential for well-being. The author estimates level of economic well-being by aggregating different socio- economic indicators through multivariate statistical method of factor analysis.