50 years of Gunnar Myrdal’s Asian Drama: History of Indian economy since 1968…

Swedish economist Gunnar Myrdal published his book – Asian Drama- 50 years ago in 1968.

Prof Kaushik Basu reviews India’s economic history since 1968 in this paper:

This paper is a short history of the Indian economy since 1968. India today is a changed country from what it was half a century ago, when Myrdal published his Asian Drama. The stranglehold of low growth has been broken, its population below the poverty line has fallen markedly, and India has joined the pantheon of major players globally. This paper analyses the economic policies and the politics behind this transformation; and uses that as a backdrop to take
stock of the huge challenges that lie ahead.

Here is another piece from Prof Ravi Kanbur:

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