Making Growth Happen in India A Road Map for Policy Success
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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.
V. Kumaraswamy has been actively engaged in the industry since the mid-1980s, following his graduation from IIM Ahmedabad, where he studied under some of the country's leading economists. His corporate career, centred around the search for natural resources, has taken him to remote and rural regions across India and internationally including Vietnam, South Africa, Myanmar, Finland, Indonesia, Swaziland, Thailand, China, Estonia, Japan, the Middle East, and Turkey, among many others. His unconventional ideas and insights, often born from these firsthand experiences in diverse environments, are reflected in his work. Kumaraswamy also contributes occasional columns to Business Line and Business Standard.