Making Reforms Work for the Common People

Economic and Political Weekly, 16 July 2016

The reforms of 1991 and 1996 were branded pro-rich as people with better initial endowments benefited disproportionately from the significant positive impacts, thus exacerbating both income and regional inequalities. This must change. Therefore, rather than minimising the role of the state as per the Washington Consensus, the presence of a development state is a necessary condition for implementing structural reforms in India.