Where is India going today? Is it surging forward, having just overtaken the United Kingdom to become the fifth-largest economy in the world? Or is it flailing, unable to provide jobs for the millions joining the labour force? What should India do to secure a better future? India is at a crossroads today. Its growth rate, while respectable relative to other large countries, is too low for the jobs our youth need. Intense competition in low-skilled manufacturing, increasing protectionism globally and growing automation make the situation still more difficult. Divisive majoritarianism does not help. India broke away from the standard development path―from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services―a long time back by leapfrogging the intermediate steps. Rather than attempting to revert to development paths that may not be feasible any more, we must embark on a truly Indian path. In this book, the authors explain how we can accelerate economic development by investing in our people’s human capital, expanding opportunities in high-skilled services and manufacturing centred on innovative new products, and making India a ferment of ideas and creativity. India’s democratic traditions will support this path, helped further by governance reforms, including strengthening our democratic institutions and greater decentralization. The authors offer praise where the Indian establishment has been successful but are clear-eyed in pointing out its weaknesses. They urge India to break free from the shackles of the past and look to the possibilities of the future. Written with unusual candour, and packed with vivid examples and persuasive arguments, this is a book for anyone who has a stake in India’s future.
BETTER INDIA A BETTER WORLD
MURTHY N.R. NARAYAN
PENGUIN RANDOM HOUSE GROUP
EMERGING GIANTS CHINA AND INDIA IN THE WORLD ECONOMY
EICHENGREEN BARRY,GUPTA POONAM,KUMAR RAJIV
OXFORD UNIVERSITY PRESS
CHURNING THE EARTH THE MAKING OF GLOBAL INDIA
SHRIVASTAVA ASEEM,KOTHARI ASHISH
From Lehman to Demonetization
TAMAL BANDYOPADHYAY
PORTFOLIO/PENGUIN RANDOM HOUSE GROUP
Bridgital Nation Solving Technology's People Problem
CHANDRASEKARAN N.,PURUSHOTHAMAN ROOPA
Traders Speculators and Captains of Industry How Capitalist Legitimacy Shaped Foreign Investment Policy in India
JASON JACKSON
HARVARD UNIVERSITY PRESS/HARPER COLLINS PUBLISHERS LIMITED
THE FUTURE OF INDIAN ECONOMY past reforms and challenges ahead
SRIVASTAVA VINAY K.,YASHWANT SINHA
RUPA PUBLICATIONS INDIA PVT. LTD.
India Unlimited Reclaiming the Lost Glory
ARVIND PANAGARIYA
HARPER COLLINS PUBLISHERS LIMITED
Understanding The Black Economy and Black Money in India An Enquiry into Causes Consequences And Remedies
ARUN KUMAR
ALEPH BOOK COMPANY/RUPA PUBLICATIONS
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