Bharat......... “The development dilemma” “A Strategic Initiative for National Development” This book offers one of the most comprehensive and research-driven explorations of India’s economic journey to date. It critically examines the country’s structural challenges and presents innovative, actionable policy recommendations. Targeted at policymakers, economists, academics, and informed readers, the book bridges essential knowledge gaps while advocating for bold, often unconventional reforms to support India’s ambition of becoming a leading global economic power. India, now the world’s fifth-largest economy by nominal GDP and third-largest by purchasing power parity (PPP), has a complex and evolving economic structure. It comprises a large agricultural base, a steadily growing industrial sector, and a dominant services sector. Since independence in 1947—and especially after the transformative liberalization reforms of 1991—India has made significant economic strides. Yet, agriculture still employs over 40% of the population while contributing only 16–18% to GDP, highlighting deep-rooted structural inefficiencies. Industry and manufacturing account for 25–30% of GDP, supported by initiatives like "Make in India," while the services sector, powered by IT, finance, and telecom, contributes over half of the country’s economic output. Despite these advances, India grapples with persistent challenges such as inadequate infrastructure, high unemployment, bureaucratic hurdles, corruption, and stark regional disparities. These issues often dilute the impact of development efforts, especially at the grassroots level. This book confronts these realities head-on, offering pragmatic and forward-thinking solutions. It serves as an essential resource for policymakers, civil service aspirants, educators, and anyone seeking a deeper understanding of India’s economic potential and policy landscape.
Be the first to comment