This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalizatio

This paper explores the causes of India`s productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalizatio

Covers the period, 1950 to 2007.

India is an emerging market economy, and has been more successful than most other emerging economies. Key to this success are India’s ancient legacy of consen