24 September, 2020

Leaving The Bog

The need to embrace new policies in various sectors for faster growth is set out with clarity and evidence

Leaving The Bog
outlookindia.com
2020-06-26T16:48:29+05:30

The year 2020 has not been kind to India thus far. Slowing economic growth and a strained social fabric are now capped by a pandemic which is putting many lives, and even more livelihoods, in peril. For anyone wondering how we can deal with the economic doom and gloom, Arvind Panagariya’s new book, India Unlimited: Reclaiming the Lost Glory could not have come at a better time. While the title feels appropriate for these times, the ‘lost glory’ actually harkens back to the first 1,800 years AD, for most of which India made up roughly a quarter of the world’s economy, as opposed to the paltry 5 or so per cent at present. India Unlimited presents the author’s case, backed extensively with data, evidence, and coherent arguments, on how we can grow faster and regain our spot as one of the world’s more successful economies.

But first, why should we at all care about this issue now? By tracing India’s inward looking, ‘command and control’ economic policies, and contrasting their results with the experience of similarly poor...

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