Which institution has evolved over a period of time
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The Evolution of Institutions in India and its Relationship with Economic Growth
Arvind Subramanian
Senior Fellow, Peterson Institute for International Economics and Center for Global Development, and Senior Research Professor, Johns Hopkins University
April 2007
I am grateful to Josh Felman, Ejaz Ghani, Ajay Chhibber, Shanta Devarajan, Nurul Islam, Simon Johnson, Devesh Kapur, Sanjay Kathuria, Deena Khatkhate, Kalpana Kochhar, Utsav Kumar, Pratap Bhanu Mehta, Nandan Nilekani, Raghuram Rajan, C. Rammanohar Reddy, Krishna Srinivasan, and S. Sriramachandran for useful discussions. This paper draws upon work with my colleagues, Prachi Mishra and Petia Topalova. An anonymous referee and the editors provided helpful comments. Manzoor Gill and Thoihen Singh provided excellent assistance with data.
2
I. Introduction
The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of
Arvind Subramanian
Senior Fellow, Peterson Institute for International Economics and Center for Global Development, and Senior Research Professor, Johns Hopkins University
April 2007
I am grateful to Josh Felman, Ejaz Ghani, Ajay Chhibber, Shanta Devarajan, Nurul Islam, Simon Johnson, Devesh Kapur, Sanjay Kathuria, Deena Khatkhate, Kalpana Kochhar, Utsav Kumar, Pratap Bhanu Mehta, Nandan Nilekani, Raghuram Rajan, C. Rammanohar Reddy, Krishna Srinivasan, and S. Sriramachandran for useful discussions. This paper draws upon work with my colleagues, Prachi Mishra and Petia Topalova. An anonymous referee and the editors provided helpful comments. Manzoor Gill and Thoihen Singh provided excellent assistance with data.
2
I. Introduction
The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of
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