Minimal Visible Inequality is Human Development

The urgent task ahead is the reduction of the visible inequalities in education, health and housing, thus contributing to a broad based evolution of human capabilities. As for the macroeconomic environment to assist in the cashing in of the capabilities, the higher level of equality in capabilities will help raise the economic growth rate domestically and acceptability of the manpower internationally. One should keep hoping that just as the world is moving fast towards free movement of goods, services and capital, it will also evolve and allow the free movement of people. [Text of the Silver Jubilee Lecture delivered at the Centre for Economic and Social Studies, Hyderabad on March 10, 2006.]