Foreword by Prof. Kaushik Basu

This book traces the development experience of one of India s most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab s economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab s economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative...