“Redistribution, as distinct from growth, cannot be the answer to removing poverty. In countries such as India, China, and Brazil, the large numbers of poor mean that redistribution will do little and that, too, will not be sustainable. … The pie has to grow; growth is a necessity.” So Jagdish Bhagwati and Arvind Panagariya begin their analysis on ‘Why Growth Matters’ and the lessons India and other developing countries can learn from Indian successes, failures, and missed opportunities for economic growth. Drawing on their previous scholarship defending the economic liberalization in India through the 1991 reforms, the authors delve into the…