A $55 trillion Indian economy rivalling the world’s largest in 2047, when India celebrates its centennial—audacious or achievable?
In India@100: Envisioning Tomorrow’s Economic Powerhouse, Krishnamurthy Subramanian explores this once-in-several-centuries opportunity knocking on India’s doors. With a bold vision grounded in Indian realities, India@100 argues compellingly that India is at an inflection point that cannot be ignored. The country can grow at 8 per cent annually by reforming the economy zealously and doubling down on the sound policies implemented post 2014. Since 2007, when its GDP per capita was equal to India’s current level, China exploited its demographic dividend to grow at about 8 percent for about two decades. Similar growth for the next two decades will make India a $55 trillion economy by 2047.
Through meticulous research and insightful analysis, Subramanian explores four key pillars to propel India’s growth: (i) macroeconomic emphasis on growth; (ii) microeconomic focus on social and economic inclusion; (iii) a vision of ethical wealth creation; and (iv) a strategy of a virtuous cycle triggered by investment. Within each pillar, he comprehensively covers the policy choices and the areas that require reform.
India@100 effortlessly ignites the reader’s imagination and inspires a collective drive towards a future where India emerges as a dominant economic force. This is an invaluable book for anyone interested in the rise of the Indian economy.
