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008 250325b |||||||| |||| 00| 0 eng d
020 _a9780670099894
040 _cAL
041 _aeng
082 _223
_a330.954
_bRAJB
100 _aRaghuram G Rajan
_9209453
100 _dRohit Lamba
_9206774
245 _aBreaking the Mould:
_bReimagining Indias Economic Future
260 _aNew York
_bPenguin
_c2023
300 _axxxi,297p.
_bHB
_c25x16cm.
365 _2Economics
_aBLR8-410476
_b485.97
_c
_d501.00
_e3%
_f19-03-2025
520 _aWhere 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 _aHigher Education
_9206775
650 _aHealth Care
_9206776
650 _aChildhood Challenge
_9206777
942 _2ddc
_cBK
999 _c233986
_d233986