TY - GEN AB - Its GDP having touched $2.6 trillion, India is poised to become the world's third-largest economy in less than a decade. In doing so, it will have moved one step closer to reclaiming its pre-1820s glory, when it accounted for one-sixth of global output and ranked second in economic size. This rapid movement in the absolute size of the economy will be insufficient, however, to bring prosperity to India's vast population. Today, 44 percent of the country's workforce remains in agriculture and another 42 percent in tiny enterprises with fewer than twenty workers. Labor productivity of both sets of workers remains low, and they live overwhelmingly on subsistence-level incomes. This text lays down a concise road map of reforms that would help transform the country and create well-paid jobs in industry and services for those with limited or no skills. AU - Panagariya, Arvind, CN - Oxford Scholarship Online CN - HC435.4 ID - 939188 KW - Industrial policy KW - Education and state KW - Business enterprises KW - Labor market KW - Banks and banking LK - https://univsouthin.idm.oclc.org/login?url=https://dx.doi.org/10.1093/oso/9780197531556.001.0001 N2 - Its GDP having touched $2.6 trillion, India is poised to become the world's third-largest economy in less than a decade. In doing so, it will have moved one step closer to reclaiming its pre-1820s glory, when it accounted for one-sixth of global output and ranked second in economic size. This rapid movement in the absolute size of the economy will be insufficient, however, to bring prosperity to India's vast population. Today, 44 percent of the country's workforce remains in agriculture and another 42 percent in tiny enterprises with fewer than twenty workers. Labor productivity of both sets of workers remains low, and they live overwhelmingly on subsistence-level incomes. This text lays down a concise road map of reforms that would help transform the country and create well-paid jobs in industry and services for those with limited or no skills. SN - 9780197531587 T1 - New India :reclaiming the lost glory / TI - New India :reclaiming the lost glory / UR - https://univsouthin.idm.oclc.org/login?url=https://dx.doi.org/10.1093/oso/9780197531556.001.0001 ER -