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India: The Emerging Giant by by Arvind Panagariya [Hardcover] (RARE BOOKS)

India: The Emerging Giant by by Arvind Panagariya [Hardcover] (RARE BOOKS)

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India: The Emerging Giant – Book Summary

India: The Emerging Giant is a comprehensive analysis of India’s economic development and transformation since independence. The book examines how India evolved from a slow-growing, heavily regulated economy to one of the fastest-growing economies in the world. It divides this journey into four major phases—from early post-independence growth, through a period of socialism and stagnation, to gradual liberalization and finally rapid economic expansion after the 1990s reforms.

The author explains how government policies, economic reforms, globalization, and sectoral changes in industry, agriculture, and services contributed to this transformation. It also explores key issues such as poverty reduction, inequality, taxation, infrastructure, and the role of institutions in sustaining growth. The book highlights that open-market policies and continued reforms are essential for maintaining high growth and improving living standards, while also addressing social challenges. Overall, it provides a detailed and research-based understanding of India’s rise as a major economic power.

About the Author

The book is written by Arvind Panagariya, a renowned Indian economist and policy expert. He has served as a professor at Columbia University and held important policy roles, including Vice Chairman of NITI Aayog in India. Panagariya is widely respected for his work on international trade, economic reforms, and development economics.

His writing is known for being analytical, data-driven, and policy-oriented, drawing on decades of research and experience. Through India: The Emerging Giant, he aimed to provide one of the most detailed and accessible accounts of India’s economic journey, making it valuable for students, policymakers, and anyone interested in understanding the country’s growth story.

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