The economy of India is growing at a rate of 8 percent per year,
and its exports of goods and services have more than doubled in the
past three years. Considering these trends, economists, scholars,
and political leaders across the globe are beginning to wonder
whether India's growth can be sustained.
The contributors to this volume analyze the forces behind
India's emerging role as a world economic player and identify the
hidden weaknesses that, if unaddressed, may slow the country's
growth. Chapters suggest how to transform India's primarily rural
population into a gainfully employed modern sector; methods to
achieve fiscal sustainability and consolidation; infrastructure
bottlenecks, especially in terms of finite energy resources; and,
given the country's complex electoral government and global
political position, the obstacles toward effecting policy
reform.
"Sustaining India's Growth Miracle" is a valuable resource for
practitioners, policymakers, students, and scholars. It tackles
issues from political, economic, and academic perspectives, and the
concluding chapter, a talk given by the commerce and industry
minister of India, discusses the country's position as a world
power, outlining several reasons for its success and exploring the
difficulties that lie ahead.
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