Making Growth Happen in India

Making Growth Happen in India

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For Indiaa€™s economic reforms policy to succeed, its programmes should be firmly anchored in the reality of the social and micro-institutional contexta€”something our policy makers often regrettably ignore. To break out of 8 or 9 per cent growth rates, we need more appropriate skill sets, development of proper attitudinal infrastructure, increased capital productivity, a more optimal savings rate and deliberate creation of socially productive market structures in several areas such as healthcare, public distribution and higher education. Employment is the best way to deliver growth to the vast multitude and reconcile the growth fixation of reformists and socialistic obsession with distribution. The book suggests several unconventional growth engines which can potentially deliver both and make 12 per cent growth rates realistically possible. The book is aimed at people who aspire to take part, debate and shape our destiny but may not have the time for deeper research or patience with economic jargons.DISTRIBUTION IS A COSTLY EXERCISE Let us look at the reasons for the emergence of low-cost airlines. ... cent, charges paid to GDS, 19 credit card companya#39;s charges of up to 3 per cent, was 23a€“28 per cent presumably including periodic freebies, slab discounts, the system set-up, etc. ... Knock off 10 per cent for retail margins; 1a€“2 per cent for last mile movement of goods and delivery to these points;anbsp;...

Title:Making Growth Happen in India
Author: V. Kumaraswamy
Publisher:SAGE Publications India - 2014-07-31

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