A Note by Oussama Kanaan on Narayana and Parikh's Paper “Virtual Reality in Economy-Wide Models”

This note reviews Narayana and Parikh's original appraisal of the evolution of planning paradigms and models in India. We are reminded of the important debt that today's economic models owe to the contributions of a group of eminent Indian economists, among whom T.N. Srinivasan takes a central place, who devoted a large part of their careers striving to find the appropriate theoretical constructs and policies which would help pull India toward economic prosperity.