|No. of Pages:||304|
About the book
Many believe today that poverty, illiteracy and ill-healthafflict India because its leadership ignored them infavour of growth for its own sake; that the economicreforms that focused on growth have failed to help the poor,especially the socially disadvantaged; that any gains claimedin poverty alleviation derive from the use of progressivelylower poverty lines; and that even if gains have been made,with one in two children suffering from malnutrition, reformshave done precious little to improve health outcomes.
In this definitive book on economic reforms in India sinceIndependence, Bhagwati and Panagariya decisively demolishthese and other myths, which critics use as weapons to woundand maim the reforms. Their basic premise: Only growth canprovide sufficient revenues to lift the masses out of poverty.
About the author
Jagdish Bhagwati is University Professor of Economics at Columbia, and a long-time fellow at the Council on Foreign Relations in the US. Widely recognized as the intellectual pioneer of India's reforms, he has also received the Padma Vibhushan.
Arvind Panagariya is a Professor of Economics and Indian Political Economy at Columbia University and a past Chief Economist of the Asian Development Bank. A leading trade theorist of his generation, Panagariya has written prolifically on global trade policy issues and economic reforms in India. Panagariya has been honoured with the Padma Bhushan.