Breaking The Mould : Reimagining India's Economic Future

India is at a crossroads today. Its growth rate, while respectable relative to other large countries, is too low for the jobs our youth need.

Intense competition in low-skilled manufacturing, increasing protectionism globally and growing automation make the situation still more difficult.

Divisive majoritarianism does not help. India broke away from the standard development path-from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services-a long time back by leapfrogging the intermediate steps.

Rather than attempting to revert to development paths that may not be feasible any more, we must embark on a truly Indian path.