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.

Getting the Government Do Its Duty of Providing Public Goods
Getting the government do its duty of providing public goods
I. Introduction

The preceding chapters have presented an outline of what it will take in economic, social, financial, and ecological terms for India to move toward sustainable prosperity by 2050. Sustainability in economic terms would require India to move toward export-oriented knowledge economy, which will require a massive government effort to build up human resources and promote trade liberalization in services. For social sustainability, government will have to play an important role in achieving 100 percent employment of India's rapidly growing labor force, for providing opportunity to disadvantaged groups to move upward in knowledge acquisition and employment, and providing social security in the form of unemployment benefits, ...

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