01740cas a2200241 a 4500 AALejournalIMF002840 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451846355 1018-5941 BD-DhAAL BD-DhAAL Panagariya, Arvind. India in the 1980's and 1990's : A Triumph of Reforms / Arvind Panagariya. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the growth rate crossed the 5 percent mark in the 1980s, well before the launch of the July 1991 reforms. This is a wrong reading of the Indian experience for two reasons. First, liberalization was already under way during the 1980s and played a crucial role in stimulating growth during that decade. Second, growth in the 1980s was fragile and unsustainable. The more systematic and systemic reforms of the 1990s, discussed here in detail, gave rise to more sustainable growth. The paper concludes by explaining why the growth rate in India nevertheless continues to trail that of China. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/043 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/043/001.2004.issue-043-en.xml IMF e-Library