000 02432nam a22002177a 4500
003 JGU
005 20240219123547.0
008 240219b |||||||| |||| 00| 0 eng d
020 _a9780670099894
_qhbk.
040 _beng
_cJGU
041 _aeng
100 _aRajan, Raghuram G.,
_91659034
245 _aBreaking the mould :
_breimagining India's economic future /
_cRaghuram G. Rajan and Rohit Lamba.
260 _aHaryana :
_bPenguin Business,
_c2023.
520 _a"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."--
650 _aIndia--Economic development
_91659842
700 1 _aLamba, Rohit,
_eauthor
_91659843
999 _c3090073
_d3090073