Even as protectionist policies resurface and gain traction around the world, Why Growth Matters by Columbia University economists Jagdish Bhagwati and Arvind Panagariya (also the National Institution for Transforming India Aayog Vice-Chairman), offers a vision of growth driven by engagement with the world market and comprehensive reforms to dismantle India’s corrupt license-permit raj. With lucid arguments, powerfully salient examples and a wealth of research, Why Growth Matters is the definitive tour guide through India’s economic past of failed socialist policies, its present struggles with over-regulation and its future of economic reform and inclusive growth...