Book Review: India’s Economy - Performance and Challenges: Essays in Honour of Montek Singh Ahluwalia

Marwah, Reena

doi:10.1177/097639961000100109

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2023

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“…Seventy-five years in the dynamic world of today is a period long enough to herald radical changes. Economists like Bhagwati (1993), Ahluwalia and Little (1999), Subramanian (2008), Panagariya (2008;, Acharya and Mohan (2010), Bhagwati and Panagariya (2012;, and Balakrishnan (2010;2023), among others, have hailed the glory of India's growth. Panagariya (2020) even characterised India as an 'emerging giant' that can reclaim 'the glory' of sharing 25-30 per cent of the world's Gross Domestic Product (GDP), which it is said to have enjoyed during AD 1-1000.…”

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Indian Development and Its Discontents

Oommen

2023

Social Change

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This monograph approaches Indian development as a pursuit to realise the idea of India as crystallised in the Indian Constitution, which left it to the Indian democratic system tasked with developing citizenship to its fullness. This great experiment in a constitutional democracy is in significant contrast to the emphasis on economic growth projected as a panacea to solve India’s problems of poverty and deprivation by economists in general. Jobless growth in the context of the unprecedented demographic dividend and growing inequality is a negation of human development, building capabilities, and social justice. The study outlines how crony capitalism and corruption undermine the pursuit of equality of opportunity, freedom, and democratic practice.

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