Breaking the Mould: Reimagining India's Economic Future

Rajan G Raghuram , Rohit Lamba

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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.

What will you learn from this book

  1. Structural Reforms for Growth: Highlighting the need for fundamental structural reforms in India's economy to spur sustainable and inclusive growth.

  2. Policy Innovation: Advocating for innovative policy measures to address economic challenges, boost productivity, and attract investments.

  3. Global Integration Strategies: Exploring strategies to leverage global integration, trade, and foreign investments to enhance India's economic standing.

  4. Technology and Innovation Agenda: Emphasizing the role of technology and innovation as key drivers for economic transformation and competitiveness.

  5. Inclusive Development Framework: Proposing strategies to ensure economic growth translates into inclusive development, reducing income disparities and enhancing social welfare.

  6. Financial Sector Strengthening: Addressing reforms and improvements needed in India's financial sector for stability, efficiency, and better access to capital.

  7. Environmental Sustainability Initiatives: Discussing the importance of balancing economic growth with environmental sustainability and advocating for green policies.

  8. Employment Generation Strategies: Identifying ways to tackle unemployment challenges by fostering job creation and skill development initiatives.

  9. Economic Resilience and Stability: Analyzing measures to enhance economic resilience, mitigate risks, and ensure stability in the face of global economic fluctuations.

  10. Governance and Institutional Strengthening: Emphasizing the importance of strong governance and institutional frameworks to facilitate effective policy implementation and reforms.

Language English
ISBN-10 9780670099894
ISBN-13 9780670099894
No of pages 336
Font Size Medium
Book Publisher Penguin Business
Published Date 20 Jan 2024

About Author

Author : Rajan G Raghuram

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