The liberalizing Indian economic reforms of the 1990s and early 2000s led to a significant shift in the growth rate and poverty reduction in India. But India has paid a heavy price for abandoning that path in 2004.
- Arvind Panagariya,
- Milan Vaishnav
The liberalizing Indian economic reforms of the 1990s and early 2000s led to a significant shift in the growth rate and poverty reduction in India. But India has paid a heavy price for abandoning that path in 2004.
India has fallen far and fast from the runaway growth rates it enjoyed in the first decade of the twenty-first century. The recent election results have demonstrated a nationwide desire to reverse this trend.
Despite high levels of growth and economic reforms, domestic observers as well as international organizations such as the World Health Organization have criticized India’s high rates of child malnutrition.
Discussants comment on the cause of the collapse of the Doha Round, the prospects for continued negotiations, the impact of the impasse on the WTO and policy recommendations that could lead to a successful conclusion of the Round.