The post critically examines the impact of India's 1991 economic reforms, suggesting that the country's economic growth began earlier and that the causes are more complex than commonly believed. Longer summary

This post examines the economic reforms in India and their impact on poverty reduction and economic growth. The author challenges the widely held belief that the 1991 reforms were the primary cause of India's economic boom. By analyzing various studies and economic data, the post suggests that India's growth trajectory began earlier, possibly in the mid-1970s or early 1980s. The exact causes of this growth remain unclear, with various factors such as trade liberalization, public investment, and political attitudes towards business being potential contributors. The author also discusses the potential impact of socialist policies on developing countries and the importance of understanding these economic shifts for future policy-making and arguments against certain forms of socialism. Shorter summary