Liberalization has reduced the degree of control exercised by the center in many areas, leaving much greater scope for state level initiatives. This is particularly true as far as attracting investment,both domestic and foreign, is concerned. State level performance and policies therefore deserve much closer attention then they receive. It is particularly important to study the difference among states in order to extract lessons about what works and what does not. A better understanding of the reasons for the superior performance of some states would help to spread success from one part of the country to the other.
- MONTEK S AHLUWALIA
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