Getting India Back On Track

Getting India Back on Track brings together some of India’s most accomplished analysts to spur a public debate about the reform agenda the new government should pursue in order to return the country to a path of high growth. It explores the challenges and opportunities faced by one of the most important–yet least understood–nations on earth and convenes some of India’s most leading policymakers to recommend policies in every major sector of the Indian economy. These seventeen focused and concise memoranda offer the next generation of leaders and the general public alike a clear blueprint for India’s future.

"India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee program. Corruption also hinders growth at many turns. All these factors bring into question how feasible or wise it is for India to pursue a path toward global political power rather than concentrate on improved economic engagement worldwide. Dr. Joshi believes India's economic problems are serious and systemic, not a temporary blip. His analysis sets forth that the only way the country can truly prosper is to find the means to return to the earlier levels of growth through massive economic reform. This policy reorientation calls for eliminating price controls as well as both explicit and hidden subsidies to industries, introduction of direct cash transfers to the poor in place of the state's own costly production of goods and services, and an aggressive move toward privatization rather than over-reliance on family firms and widely-held corporations. Without these, the requisites of economic stability cannot be fully established, let alone propel significant growth"--

Reimagining India brings together leading thinkers from around the world to explore the challenges and opportunities faced by one of the most important and least understood nations on earth. India’s abundance of life—vibrant, chaotic, and tumultuous—has long been its foremost asset. The nation’s rising economy and burgeoning middle class have earned India a place alongside China as one of the world’s two indispensable emerging markets. At the same time, India’s tech-savvy entrepreneurs and rapidly globalizing firms are upending key sectors of the world econ­omy. But what is India’s true potential? And what can be done to unlock it? McKinsey & Company has pulled in wisdom from many corners—social and cultural as well as eco­nomic and political—to launch a feisty debate about the future of Asia’s “other superpower.” Reimagining India features an all-star cast of contributors, including CNN’s Fareed Zakaria; Mukesh Ambani, CEO of India’s largest private conglomerate; Microsoft founder Bill Gates; Google chairman Eric Schmidt; Harvard Business School dean Nitin Nohria; award-winning authors Suketu Mehta (Maximum City), Edward Luce (In Spite of the Gods), and Patrick French (India: A Portrait); Nandan Nilekani, Infosys cofounder and chairman of the Unique Identification Authority of India; and a host of other leading executives, entrepreneurs, economists, foreign policy experts, jour­nalists, historians, and cultural luminaries. These essays explore topics like the strengths and weaknesses of India’s political system, growth prospects for India’s economy, the competitiveness of Indian firms, India’s rising international profile, and the rapid evolution of India’s culture. Over the next decade India has the opportunity to show the rest of the develop­ing world how open, democratic societies can achieve high growth and shared prosperity. Contributors offer creative strategies for seizing that opportunity. But they also offer a frank assessment of the risks that India’s social and political fractures will instead thwart progress, condemning hundreds of millions of people to enduring poverty. Reimagining India is a critical resource for read­ers seeking to understand how this vast and vital nation is changing—and how it promises to change the world around us.

Long plagued by poverty, India's recent economic growth has vaulted it into the ranks of the world's emerging powers-but what kind of power it wants to be remains a mystery. Cautious Superpower explains why India behaves the way it does, and the role it is likely to play globally as its prominence grows. --

"Maintenance of order and curbing violence--the core constituents of internal security-are fundamental responsibilities of any government. developing countries find this task especially challenging since they face a multitude of internal security threats, either caused by misgovernance, internal political turmoil, or provoked from outside. Since independence, the Indian state has grappled with a variety of internal security challenges including insurgencies, terrorist attacks, caste and communal violence, riots, and electoral violence. Their toll has claimed more lives than all of India's five external wars put together. However, after a sharp upswing in the 1980s and 1990s, a number of violence-related indicators have declined over the past two decades. This drop in violence, its causes and implications, have largely gone unnoticed. Three broad questions animate the discussions in "Internal Security in India". What has been the record of the Indian State in controlling violence and preserving order? How have the approaches and capacity of the State evolved to attain these twin objectives? And what have been the implications of the State's approach towards internal security for civil liberties and the quality of democracy?"--

Institutional Roots of India's Security Policy presents high-quality analytical examinations of several foreign policy and national security institutions spread across four domains: the armed services, intelligence, border and internal security, and policy and coordination to offer insights on their organizational and institutional foundations.

The economic liberalization of India, changes in global structures, and the rapid emergence of India on the global landscape have been accompanied by the dramatic rise in popular, public, and elite discourses that offer the promise to imagine India. Written mostly in the future tense, these discourses conceive of India through specific frames of global change and simultaneously offer prescriptive suggestions for the pathways to fulfilling the vision. Both as summary accounts of the shifts taking place in India and in the relationships of India with other global actors as well as roadmaps for the immediate and longer term directions for India, these discourses offer meaningful entry points into elite imaginations of India. Engaging these imaginations creates a framework for understanding the tropes that are mobilized in support of specific policy formulations in economic, political, cultural, and social spheres. Connecting meanings within networks of power and structure help make sense of the symbolic articulations of India within material relationships.