Making Growth Happen in India: A Road Map for Policy Success

For India's economic reform policies to succeed, its programmes should be firmly anchored in the reality of the social and micro-institutional context-something our policymakers often regrettably ignore. To break out of 8 or 9 % growth rates, we need more appropriate skill sets, the 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 multitudes and reconcile the growth fixation of reformists and the socialistic obsession with distribution. The book suggests several unconventional growth engines which can potentially deliver both and make 12 % growth rates realistically possible. It is aimed at people who aspire to participate in, debate and shape our destiny but may not have the time for deeper research or patience with economic jargon.