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India's tryst with destiny: Debunking myths that undermine progress and addressing new challenges/ Jagdish Bhagwti and Arvind Panagariya.

By: Contributor(s): Publication details: Uttar Pradesh: Collins Business, 2014.Description: xvii, 284 pISBN:
  • 9789351367765 (pbk)
Subject(s): DDC classification:
  • 338.954
Summary: Policy discourse in India tends to be dominated by assertions unsupported by facts, with the media indulging one and all without proper scrutiny. Often, the result is the creation and perpetuation of myths of all kinds. Thus, many believe today that poverty, illiteracy and ill-health afflict India because its leadership ignored them in favour of growth for its own sake; that the economic reforms that focused on growth have failed to help the poor, especially the socially disadvantaged; that any gains claimed in poverty alleviation derive from the use of progressively lower poverty lines; and that even if gains have been made, with one in two children suffering from malnutrition, reforms have done precious little to improve health outcomes. In this definitive book on economic reforms in India since Independence, Bhagwati and Panagariya decisively demolish these and other myths, which critics use as weapons to wound and maim the reforms. Using systematic data and analysis, they forcefully show that once the debris of critiques of India’s reforms is cleared, it becomes evident that intensification of reforms – that allows sustained rapid growth – is the only way to lift millions out of poverty, illiteracy and ill-health. They argue that only growth can provide sufficient revenues for the provision of education and good health for the masses. (http://www.harpercollins.co.in/BookDetail.asp?Book_Code=3592)
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Item type Current library Collection Call number Copy number Status Date due Barcode
Book Book Indian Institute of Management Visakhapatnam General Stacks Non-fiction 338.954 BHA (Browse shelf(Opens below)) 1 Available 001044
Book Book Indian Institute of Management Visakhapatnam General Stacks Non-fiction 338.954 BHA (Browse shelf(Opens below)) 2 Available 001045
Book Book Indian Institute of Management Visakhapatnam General Stacks Non-fiction 338.954 BHA (Browse shelf(Opens below)) 3 Available 001046

Policy discourse in India tends to be dominated by assertions unsupported by facts, with the media indulging one and all without proper scrutiny. Often, the result is the creation and perpetuation of myths of all kinds. Thus, many believe today that poverty, illiteracy and ill-health afflict India because its leadership ignored them in favour of growth for its own sake; that the economic reforms that focused on growth have failed to help the poor, especially the socially disadvantaged; that any gains claimed in poverty alleviation derive from the use of progressively lower poverty lines; and that even if gains have been made, with one in two children suffering from malnutrition, reforms have done precious little to improve health outcomes.

In this definitive book on economic reforms in India since Independence, Bhagwati and Panagariya decisively demolish these and other myths, which critics use as weapons to wound and maim the reforms. Using systematic data and analysis, they forcefully show that once the debris of critiques of India’s reforms is cleared, it becomes evident that intensification of reforms – that allows sustained rapid growth – is the only way to lift millions out of poverty, illiteracy and ill-health. They argue that only growth can provide sufficient revenues for the provision of education and good health for the masses. (http://www.harpercollins.co.in/BookDetail.asp?Book_Code=3592)

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