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India's Economic Reforms: Achievements and Next Steps

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  • Montek S. Ahluwalia

Abstract

This paper reviews the impact of India's reforms since 1991 on the performance of the Indian economy. It shows that the reforms definitely achieved a significant acceleration in growth and they also succeeded in reducing poverty. However, they have been less successful in generating good quality jobs. There was progress in providing better access to education, health services ,and clean drinking water and sanitation, but less than was hoped. The area where performance has been most disappointing is environmental sustainability. The paper concludes by identifying some of the critical policy challenges in the years ahead.

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  • Montek S. Ahluwalia, 2019. "India's Economic Reforms: Achievements and Next Steps," Asian Economic Policy Review, Japan Center for Economic Research, vol. 14(1), pages 46-62, January.
    • Handle: RePEc:bla:asiapr:v:14:y:2019:i:1:p:46-62
    DOI: 10.1111/aepr.12239
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    References listed on IDEAS

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    1. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
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    Cited by:

    1. Li, Jiaming & Wang, Ziyi & Liu, Mingyi, 2023. "Why the same economic reform leads to different urbanization route? --The comparative study of China and India," Land Use Policy, Elsevier, vol. 129(C).
    2. Ralph Adler & Mansi Mansi & Rakesh Pandey, 2022. "Accounting for waste management: a study of the reporting practices of the top listed Indian companies," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2401-2437, June.

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