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Full Description
Can India achieve a high-income status by 2050 when it celebrates the centenary of its Republic?
Will the nation eliminate absolute poverty and improve its human development record?
This book emphasizes the centrality of a trade-oriented services sector led by communication, business services, health, education, research, and innovations for achieving these growth targets. It also argues that inclusiveness, financial prudence, and low-carbon lifestyles are preconditions to long-term growth.
India can achieve such prosperity neither through the socialistic policies of 1950-80 nor through the neo-liberalistic policies since 1980. It needs to, instead, follow a middle-path approach closer to the systems adopted by Germany and the Nordic countries. It is within this framework that India will devise its independent development paradigm rooted in its own traditions and realities.
Contents
Foreword Ambassador Shyam Saran
Preface
Acknowledgments
Introduction
Ending International Income Apartheid in the 21st Century
India's Growth Story: A Basis for Confidence but in Need of Course Correction
A New Paradigm for Sustainable Prosperity
Growth Prospects: Downside Scenario and Preferred Scenario
Export-oriented Knowledge Economy for Sustainable Economic Prosperity
Ensuring Social Sustainability of Prosperity
Financially Sustainable Resource Mobilization
Making Prosperity Ecologically Sustainable
Toward Decentralized Knowledge-Centric Cities in Prosperous India 2050
Getting the Government do Its Duty of Providing Public Goods
Some Overarching Themes
India at Crossroads
Bibliography
Index
