Indian Economy In The 21st Century: ‘Winner’ Or ‘Also Ran’ hardcover english - 2018
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| ISBN 13 | 9789386221629 |
| Book Subtitle | ‘Winner’ Or ‘Also Ran’ |
| Book Description | Indian economy is on the move. Beginning in early 1990s the economy moved swiftly riding piggy back on the new growth paradigm of globalisation and liberalisation. Globally, free markets were fast engulfing the economy and were creating a new world order in which every individual country was supposed to be a "winner". The simple philosophy of growth was: create, generate and nurture production enterprises and aid them to acquire global competitiveness. Let the old, tired, exhausted, inefficient, low productive units be weeded out by market forces. Let the efficient world economy provide new work station for those who have fire in tummy. India was the forerunner among emerging economies that got pegged to this philosophy and enjoyed the fruits of "Consumption led growth” after bearing initial hiccups, India emerged as the front runner and reached the high growth trajectory. For the first time in history India enjoyed the fruits of the economy that was growing at an annual average rate of 8% and above. However, as has happened many times in the past the global economy lost its moorings by the close of the first decade of the new century. But, wonder of wonders India could survive the global mayhem and held steadfast to its position. This was made possible, largely, by the institutional - structural transformation that India has undergone in more recent times. Will India keep its march and emerge as the "driver" of the global economy, or would the engine fritter away its steam and get added to the long list of "also ran". This theme has been exhaustively dissected in this book |
| Language | English |
| Author | Ishwar C Dhingra |
| Publication Date | 2018 |
| Number of Pages | 954 |
Indian Economy In The 21st Century: ‘Winner’ Or ‘Also Ran’ hardcover english - 2018
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