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.

India at Crossroads
India at crossroads
I. India at Crossroads

India is at crossroads. In the words of eminent popular writer on India, Sir Mark Tully, the question is: Do we want to be “Nakli America” (copycat American) or “Asli Bharat” (the real India)? It is the thesis of this book that if we remain on the current Washington-inspired neo-liberalistic model (which conforms to Nakli America paradigm), we would in 2050 end up in a middle-income trap with mass deprivation and loss of effective sovereignty. On the other hand, if we adopt a neo-Swadeshi (or Asli Bharat) route, we could celebrate the centenary of our Republic as the largest economy in the world and a beacon light for sustainable prosperity, which is healthy for human beings as ...

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