India: The Emerging Giant
"Mr. Panagariya's book is the capstone of a career, a sustained work of scholarship. It demands a lot of its readers, and amply repays the investment. The author's father told him: "Take your time, but write a definite book on India." The son did not disappoint."--The Economist(second review)"An important book"--The Economist"It isn't easy to write about the Indian economy if you are a non-resident.... In an earlier generation of economists, Jagdish Bhagwati and T. N. Srivivasan managed this knowledge disadvantage extremely well; and in a subsequent generation, Arvind Panagariya.... This is a book that will be treasured and quoted, like Bhagwati and Desai's in an earlier era. However, is this volume for an economist or a non-economist? The answer is, both. ...a book that needed to be written, by someone with sufficient knowledge and perseverance.... I cannot think of a single volume that is even remotely a substitute for this one."--The Indian Express"Arvind Panagariya has written probably the best all-around, up-to-date, and accessible book on the Indian economy. It is informed by the analytic apparatus of a leading international trade economist, yet is is packed full of useful real-world detail. It has comprehensive range--but it links the separate elements into a coherent whole. It is a superlative work of applied economics, and it is also sensitive to India's political economy. It has pointed, punchy policy conclusions: Panagariya is not shy about attacking those he thinks have got it wrong on the Indian economy, and he does so with a powerful combination of analytical argument and detailed evidence."--Finance & Development"If there is one book which has been published in recent times that discusses the Indian economy in all its aspects with such clear-mindedness, surely it is Panagaria'sIndia: The Emerging Giant.... What makes this work so absorbing can be attributed to three factors: one, it is objective, two, it is reader-friendly, in the sense [that] it is largely free of technical jargon and is easily understood by the layman, and three, it is well-researched.... What is encouraging about this work is that it is highly optimistic about India's economic future"--M. V. Kamath,The Free Press"A seminal [work] and a must for all serious students of India's economic history and the rapid changes that the country is going through.... An extremely useful reference book for any person who needs to be aware of the political economy of India"--Financial Express"Compulsory reading for those interested in India's transformation."--Hindustan Times"Arvind Panagariya has produced a truly monumental, wide-ranging and penetrating work on the Indian economy. A tour de horizon and a tour de force--it will establish him as the most insightful economist writing on India today."--Jagdish Bhagwati, University Professor, Economics and Law, Columbia University"This is now the definitive book on the Indian economy. With exhaustive research, careful analysis, and good judgment, Arvind Panagariya has detailed the vast and varied story of India's reforms. It puts to rest certain myths and settles debates with balance and fairness. The starting point for serious analysis of the subject."--Fareed Zakaria, Editor,Newsweek International"India's astonishing economic surge is one of the most momentous events of our time. Arvind Panagariya has given us what we have lacked up to now: a detailed, comprehensive and superbly clear survey of this breakthrough, how it came about, and where it might lead. Instantly indispensable for students of development, the book deserves a much wider readership than that. It will fascinate anybody interested in the new global economy."--Clive Crook, Chief Washington Commentator and Associate Editor,Financial Timesand Senior Editor,The Atlantic Monthly"India: The Emerging Giantprovides a comprehensive and panoramic exposition of the twist and turns in India's economic policy over the last several decades. As Arvind Panagariya has so convincingly argued, open policies and rapid economic growth is the best antidote for poverty reduction. This scholarly yet readable book is the best riposte to those who have any doubts of the validity of Indian reforms."--Nandan Nilekani, Co-Chairman, Infosys Technologies Limited"Panagariya not only is a distinguished professor of economics at Columbia University, but he has also been a chief economist at the Asian Development Bank and served at the World Bank and the International Monetary Fund.... He is able to tell the story of India's economic growth by highlighting different phases of its economic policy...a massive research study that will command the respect of scholars"--Foreign Affairs"If there is one book which has been published in recent times that discusses the Indian economy in all its aspects with such clear-mindedness, surely it is Panagaria'sIndia: The Emerging Giant.... What makes this work so absorbing can be attributed to three factors: one, it is objective, two, it is reader-friendly, in the sense [that] it is largely free of technical jargon and is easily understood by the layman, and three, it is well-researched.... What is encouraging about this work is that it is highly optimistic about India's economic future"--M. V. Kamath,The Free Press"It isn't easy to write about the Indian economy if you are a non-resident.... In an earlier generation of economists, Jagdish Bhagwati and T. N. Srivivasan managed this knowledge disadvantage extremely well; an in a subsequent generation, Arvind Panagariya.... This is a book that will be treasured and quoted, like Bhagwati and Desai's in an earlier era. However, is this volume for an economist or a non-economist? The answer is, both. ...a book that needed to be written, by someone with sufficient knowledge and perseverance.... I cannot think of a single volume that is even remotely a substitute for this one."--The Indian Express"A seminal [work] and a must for all serious students of India's economic history and the rapid changes that the country is going through.... An extremely useful reference book for any person who needs to be aware of the political economy of India"--Financial Express"Compulsory reading for those interested in India's transformation."--Hindustan Times"Arvind Panagariya has produced a truly monumental, wide-ranging and penetrating work on the Indian economy. A tour de horizon and a tour de force--it will establish him as the most insightful economist writing on India today."--Jagdish Bhagwati, University Professor, Economics and Law, Columbia University"Arvind Panagriya's book represents an important contribution to the voluminous literature on India's economy... Panagariya's lifetime of research on the subject makes him well placed to tell this story. The depth of this knowledge is certainly evident throughout this book... I have not come across a single similar source with the level of detail and historical information on the history of...policy changes in the various sectors that he tackles."-Arjun Jayadev, Department of Economics, University of Massachusetts, Boston