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Making Growth Happen in India
A Road Map for Policy Success
First Edition
- V. Kumaraswamy - Columnist, Business Line and Business Standard
August 2014 | 300 pages | SAGE Publications Pvt. Ltd
For India’s economic reforms policy to succeed, its programmes should be firmly anchored in the reality of the social and micro-institutional context—something our policy makers often regrettably ignore.
To break out of 8 or 9 per cent growth rates, we need more appropriate skill sets, development of proper attitudinal infrastructure, increased capital productivity, a more optimal savings rate and deliberate creation of socially productive market structures in several areas such as healthcare, public distribution and higher education.
Employment is the best way to deliver growth to the vast multitude and reconcile the growth fixation of reformists and socialistic obsession with distribution. The book suggests several unconventional growth engines which can potentially deliver both and make 12 per cent growth rates realistically possible.
The book is aimed at people who aspire to take part, debate and shape our destiny but may not have the time for deeper research or patience with economic jargons.
To break out of 8 or 9 per cent growth rates, we need more appropriate skill sets, development of proper attitudinal infrastructure, increased capital productivity, a more optimal savings rate and deliberate creation of socially productive market structures in several areas such as healthcare, public distribution and higher education.
Employment is the best way to deliver growth to the vast multitude and reconcile the growth fixation of reformists and socialistic obsession with distribution. The book suggests several unconventional growth engines which can potentially deliver both and make 12 per cent growth rates realistically possible.
The book is aimed at people who aspire to take part, debate and shape our destiny but may not have the time for deeper research or patience with economic jargons.
Foreword Professor (Dr) Gautam Ahuja
Preface
Acknowledgements
I: EVALUATING THE CURRENT REFORM PROGRAMMES
Economic Reforms, Social Fissures
Laudable Goals Yet Defective Programmes
Getting Some Basics Right
II: ALTERNATIVE GROWTH PATH
Reorienting Education to Develop Skills
Creating Employment
Creating Appropriate Market Structures
Taming the Twins
Creating New Growth Engines
Feasibility and the Growth Potential of Suggested Actions
Conclusion
Epilogue
Bibliography
Index
