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

By A. Panagariya. Social Science Research Network, 2004

202 citations recorded by the source corpus.

While public opinion in India continues to move toward the view that liberalization has been good, that more of it is needed, and that its pace must be accelerated, the view in some scholarly and policy circles has turned skeptical. It is being argued that the average annual growth rate of gross domestic product (GDP) hit the 5.6 percent mark in the 1980s, well before the launch of the July 1991 reforms. Moreover, the growth rate in the 1990s was not much higher. Therefore, liberalization cannot be credited with having made a significant difference to growth in India.2

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/502e68d5d48c75f0a970ff52e6b429b89120186b

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Citations in the corpus

EMNE catch‐up strategies in the wind turbine industry: Is there a trade‐off between output and innovation capabilities? (2012, background): “In the 1990s, numerous Asian countries, including India, undertook radical liberalization and began a process of integration into the world economy (Panagriya, 2004).”
Competitiveness in a globalised world: Michael Porter on the microeconomic foundations of the competitiveness of nations, regions, and firms (2006, background): “11For a discussion of the impact of India’s reforms on economic performance, see Panagariya (2004).”