What caused India’s economic boom in the 1980s, beginning a full decade before the implementation of market reforms? Economists have sought answers by focusing on quantitative changes in output, but they would learn much by looking for qualitative changes in particular consumer goods, such as televisions, wristwatches, and telephone service.
Market Reforms in India and the Quality of Economic Growth
By G. P. Manish
This
article
appeared in
the Fall 2013 issue of The Independent Review.
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(22 pages)
| Other Independent Review articles by G. P. Manish | |
| Fall 2011 | Central Economic Planning and India’s Economic Performance, 1951–1965 |
