When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that they had contributed little to the acceleration of economic growth. Their argument had rested on the claim that growth in the 1990s was no faster than in the 1980s. This claim was quickly refuted on the grounds that when properly evaluated, growth had indeed accelerated in the 1990s and more importantly, while reforms had been made systematic in 1991, they had actually begun much earlier in the late 1970s. Subsequently, the reforms of the late...
When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that th...
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. The first volume, India's Reforms: How They Produced Inclusive Growth (OUP, 2012), systematically demonstrated that reforms-led growth in India led to reduced poverty among all social groups. They also led to shifts in attitudes whereby citizens overwhelmingly acknowledge the benefits that accelerated growth has brought them and as voters, they now reward the governments that deliver superior economic outcomes and punish those that fail to do so....
Reforms and Economic Transformation in India is the second volume in the series Studies in Indian Economic Policies. The first volum...
Most discussions of India's recent economic growth focus on progress and policies at the national level. But with a population of 1.2 billion, several of the states in India are larger than many of the countries in the world. Therefore, a more complete understanding of India's ongoing experiment in economic reforms requires a study at the state level. State Level Reforms, Growth, and Development in Indian States provides the first-ever comprehensive analysis of growth and reforms in the highly diverse states of the country. The authors argue that when the national government...
Most discussions of India's recent economic growth focus on progress and policies at the national level. But with a population of 1.2 billion, several...
Growth miracles typically have been studied at the country level. In The Making of Miracles in Indian States, internationally-renowned economists Arvind Panagariya and M. Govinda Rao bring together a team of six leading scholars to break from that tradition and study three growth miracles in India at the level of the state: Andhra Pradesh, Bihar, and Gujarat. These are three large and diverse states in India: Gujarat has the third-highest per-capita income among the largest eighteen states, Bihar is the poorest, and Andhra Pradesh falls in the middle. Despite vast differences among...
Growth miracles typically have been studied at the country level. In The Making of Miracles in Indian States, internationally-renowned econom...
