Some Reflections on Development Challenges of India

Arvind Subramanian

A chapter in Development Challenges of India After Twenty Five Years of Economic Reforms, 2020, pp 27-32 from Springer

Abstract: Abstract Indian economy started growing much before reforms of 1991. In fact, last 25–30 years have been golden age for many other developing countries. There are mainly two models of sequencing of economic development and political development. But, Indian model is distinctly different from other models. One model is Western Europe and North America that are now very rich and advanced countries with high standards of living and fantastic social indicators. The second model of development is of the East Asian countries that have been very successful. India belongs to neither camp in the sense that first we neither grew as slowly as those countries over long period of time nor have we grown very rapidly. This paper compares Indian model with other models and shows its uniqueness. However, this model brings up many challenges also that are discussed in this paper.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-15-8265-3_2

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DOI: 10.1007/978-981-15-8265-3_2

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