Sustaining India's Growth Miracle by Jagdish Bhagwati

Sustaining India's Growth Miracle

byJagdish Bhagwati, Charles Calomiris, , Ph.D.

Kobo ebook | May 6, 2008

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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.

Jagdish N. Bhagwati is University Professor at Columbia University and senior fellow in international economics at the Council on Foreign Relations. He has been the economic policy advisor to Arthur Dunkel, director-general of GATT; special advisor on globalization to the UN; and external advisor to the WTO. Professor Bhagwati has wri...
Title:Sustaining India's Growth MiracleFormat:Kobo ebookPublished:May 6, 2008Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231512945

ISBN - 13:9780231512947

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Editorial Reviews

Anyone wanting to know whether India will fulfill the ambitious destiny that many now project for it-and what India needs to do in order to get there-should consult this book. Drawing on some of India's best scholars and leading policymakers, Sustaining India's Growth Miracle offers a broad and dispassionate survey of India's continuing reform challenges in a collection that has been pulled together by the ever-masterful Jagdish Bhagwati.