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INDIA 2050 : A ROADMAP TO SUSTAINABLE PROSPERITY BY RAMGOPAL AGARWALA
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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.ReviewsRamgopal Agarwala provides a roadmap for sustainable development refreshingly different to the current received economic wisdom and specific to India…. The road's ultimate destination isn't simply economic well-being but spiritual wholeness too. Everyone interested in India realizing its extraordinary economic and spiritual potential should read India 2050.Mark TullyJournalist and WriterRamgopal Agarwala has written an ambitious program for a prosperous India. In this thought-provoking book, he rightly recognizes that it is infeasible for India to imitate the path of the developed West…. Indians should pay attention to his wisdom: radical changes are indeed needed in many areas if they are to attain the destiny they desire. Martin WolfFinancial TimesCan India make into the Big League? Bringing his extensive knowledge of the history and theory of development economics and his experience in policy issues, Agarwala has given us a book which will form the basic reading for all interested in the future prosperity of India. Meghnad Desai Emeritus Professor of Economics at London School of Economics
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