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India in the 1980s and 1990s: A Triumph of Reforms:

  • Arvind Panagariya

    (Columbia University)

Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because growth rate had crossed the 5 percent mark in the 1980s, well before the launch of the July 1991 reforms. This is wrong reading of the Indian experience for two reasons. First, liberalization was already under way during the 1980s and it played a crucial role in stimulating growth during that decade. Second, growth in the 1980s was fragile and unsustainable. The more systematic and systemic reforms of the 1990s, discussed in detail in this paper, gave rise to more sustainable growth. The paper concludes with a discussion of why the growth rate in India nevertheless continues to trail that of China.

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Paper provided by EconWPA in its series International Trade with number 0403005.

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Length: 61 pages
Date of creation: 05 Mar 2004
Date of revision:
Handle: RePEc:wpa:wuwpit:0403005
Note: Type of Document - pdf; pages: 61
Contact details of provider: Web page: http://econwpa.repec.org

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  1. Francisco Alcalá & Antonio Ciccone, 2001. "Trade and productivity," Economics Working Papers 580, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2002.
  2. T. N. Srinivasan & Suresh D. Tendulkar, 2003. "Reintegrating India with the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 98, December.
  3. Satish Chand & Kunal Sen, 1996. "Trade Liberalization and Productivity Growth: Evidence from Indian Manufacturing," Trade and Development 96/11, Australian National University, Department of Economics.
  4. Ashok V. Desai, 1999. "The Economics and Politics of Transition to an Open Market Economy: India," OECD Development Centre Working Papers 155, OECD Publishing.
  5. Panagariya, Arvind, 1990. "Indicative planning in India: Discussion," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 736-742, December.
  6. Poonam Gupta & James P. F. Gordon, 2004. "Understanding India’s Services Revolution," IMF Working Papers 04/171, International Monetary Fund.
  7. Jagdish N. Bhagwati & T. N. Srinivasan, 1975. "Foreign Trade Regimes and Economic Development: India," NBER Books, National Bureau of Economic Research, Inc, number bhag75-1, August.
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  1. تاریخ اقتصاد هند in Wikipedia Persian ne '')
  2. Microeconomic reform in Wikipedia English ne '')
  3. 印度经济 in Wikipedia Chinese ne '')
  4. اقتصاد الهند in Wikipedia Arabic ne '')
  5. インドの経済 in Wikipedia Japanese ne '')
  6. Wikiprojekt:Tłumaczenie artykułów/Gospodarka Indii in Wikipedia Polish ne '')
  7. เศรษฐกิจอินเดีย in Wikipedia Thai ne '')
  8. Kinh tế Ấn Độ in Wikipedia Vietnamese ne '')
  9. Economy of India in Wikipedia English ne '')

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