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The long road to prosperity

Unlike many recent books written by experts who have departed government, this is not a salacious account of the author's time in government

Dhiraj Nayyar 

The last 300 years of India’s economic journey, characterised by colonialism, socialism and a reluctant capitalism, are an aberration in the country’s long history. Between 1 AD and 1700 AD, India accounted for 30 per cent of global GDP for the first 1,000 years and then 25 per cent of world GDP for the next 700.

With a firm embrace of reformist, pro-market policies, India can return to course as one of the pre-eminent economies of the world in quick time. This is the essential thesis of eminent economist Arvind Panagariya’s India Unlimited: Reclaiming the Lost Glory, ...

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First Published: Fri, March 20 2020. 01:54 IST
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