Book Title: India’s Pathways to Success: Winning in the Next Decade
Author: Ganesh Natarajan & Ejaz Ghani
Published By: Rupa Publications
India’s economy has grown significantly in recent years and is now one of the fastest-growing economies in the world.
India’s Pathways to Success: Winning in the Next Decade, edited by Ganesh Natarajan and Ejaz Ghani, with Foreword by N. R. Narayana Murthy is a collection of articles written by some of India’s top thinkers. It adopts an optimistic viewpoint and applies a lens of success to view the past, probe the present, find torches that can illuminate the murky depths of the unknowable, and establish solid paths for the future.
Each of the book’s nine chapters, which outline the foundations for modern India’s progress, is in-depth. Information technology, banking, and retail make up the first pillar of the services industry, as indicated. It contributes significantly to India’s economy and has had recent tremendous growth. A highly educated and competent workforce, supportive government policies, and a fast-expanding middle class all contribute to the sector’s success.
The manufacturing sector follows, and it is also expanding quickly in India. This growth is fuelled by government programmes like the “Make in India” programme, which attempts to promote investment and job development in the industry. As the most important pillar, the agriculture industry unquestionably makes up a considerable portion of India’s exports and employs more than 50% of the workers in the nation. The industry is going through a significant shift due to government investments in infrastructure and technology to increase growth and productivity.
The book also discusses infrastructure development in India, which is experiencing a significant development boom, with the government spending extensively on roads, railroads, airports, and other infrastructure projects. Finally, one of the most discussed economic cornerstones is digital transformation.
Increasing labour force participation, reducing gender inequities, closing the gender pay gap, and encouraging women’s political engagement can contribute to higher productivity, production, and economic growth.– Swapna Peri
India is at the forefront of the digital revolution with a fast-increasing technology sector and a big pool of qualified IT employees. The country’s vibrant startup environment is essential for technological innovation and growth. The expansion of the digital industry has the potential to fuel economic development, create jobs, and revolutionize India’s economy.
The latter portion of the book demonstrates how significant women’s participation in India’s future progress is for the country’s economic and social development. Increasing labor force participation, reducing gender inequities, closing the gender pay gap, and encouraging women’s political engagement can contribute to higher productivity, production, and economic growth.
Overall, these growth pillars of the Indian economy are essential for the country’s sustained economic growth and development. The government and business sectors are collaborating to strengthen these foundations and guarantee that India’s economy continues to expand and thrive.
With these aspects given pragmatically with facts and numbers, the book is a must-read for everyone who wants to understand the country’s economic growth curve.
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Read more stories in our January 2023 featuring Maharaj Devraj Singh