This is a depressing book. Period. It is not completely the fault of Bhagwati and Panagariya, the growth story itself is quite bleak. There is no doubt that for continuous improvement in well being of Indian citizens, we need our economy's growth rate to stay strong. While we have done many investments in this direction, they still remains inadequate and there is need for many more structural changes in the economy. It is a gloomy picture all and all.
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