As the world approaches the 20th anniversary of the fall of communism, it is worth investigating the costs borne by countries like India that did not become communist but drew heavily on the Soviet model. For three decades after its independence in 1947, India strove for self-sufficiency instead...

The post-1990 period witnessed the adoption of economic reforms by many developing and transition countries. While some countries experienced a single-transition to a free-market system, others underwent a dual-transition to free-markets and democracy. This study examines India and Romania as...

This paper studies the quality of growth in three consumer goods industries in India during the period between 1980 and 2010. This period witnessed a radical change in policy from the “license raj” to the liberalization era. While recorded GDP growth was high throughout this period, this...

When India became a republic in 1950, the economy was primarily agrarian, with threefifths of output originating from agriculture. In the sixty years since independence, there has been a significant transformation of economic activity away from agriculture, with less than one-fifth of output now...

When India became a republic in 1950, the economy was primarily agrarian, with threefifths of output originating from agriculture. In the sixty years since independence, there has been a significant transformation of economic activity away from agriculture, with less than one-fifth of output now...