Summary
Contents
Subject index
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.
A New Paradigm for Sustainable Prosperity
A New Paradigm for Sustainable Prosperity
I. Introduction: A 10-Point Program for Prosperity
In order to avert the downside scenario, India must reject the present neo-liberalistic Washington-oriented paradigm and develop a new paradigm grounded in India's conditions. India must develop a new long-term vision of where we want to go and new strategies for achieving that goal. We propose a new paradigm, which has the following 10 elements:
- Aim at prosperity and not just poverty alleviation.
- Make prosperity sustainable in economic, social, financial, and ecological terms.
- Focus on human resource development for making prosperity economically sustainable.
- Ensure social sustainability through full employment of labor, full social mobility, and robust social security system.
- Ensure financial sustainability by funding development program through long-term ...
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