Jagdish Bhagwati and Arvind Panagariya have done yeoman service to administrators, economists and politicians by bringing out an extremely well-researched book, Why Growth Matters, that gives an eclectic perspective on India’s efforts at economic growth. The exploding of certain myths and criticisms of India’s trajectory of development should not be taken as a certificate of excellent performance by the government. In fact, far from it, as the authors have not in any way concluded that