Showing results by author "Arvind Panagariya" in All Categories

The rise of Narendra Modi is a watershed moment in Indian politics. In fact, such is the magnitude of his influence on the country that India’s governance paradigm and political history can be easily divided into two distinct eras—pre-Modi and post-Modi. In 2021, Modi completed 20 continuous years as the head of a government. This book, a compilation of chapters authored by eminent intellectuals and domain experts, attempts a definitive and expansive exploration into the fundamental transformation of Gujarat and India over the last 20 years due to Modi’s unique model of governance.

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies.