This paper offers a comprehensive analysis of poverty in India. It shows that no matter which of the two official poverty lines is used, poverty has declined steadily in all states and for all social and religious groups. Accelerated growth between fiscal years 2004-2005 and 2009-2010 led to an...

Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the growth rate crossed the 5 percent mark in the 1980s, well before the launch of the July 1991 reforms. This is a wrong reading of the Indian experience for two reasons. First,...

1. Distinguishing four phases -- 2. Phase I (1951-65) : takeoff under a liberal regime -- 3. Phase II (1965-81) : socialism strikes with a vengeance -- 4. Phase III (1981-88) : liberalization by stealth -- 5. Phase IV (1988-2006) : triumph of liberalization -- 6. A tale of two countries : India...