Why inclusive growth is indispensable to India
With 80% of the labour force stuck in informal employment, it is not surprising that the Indian economy is performing far below its true potential
On 15 August India marked 70 years of independence from the British empire, a monumental triumph in social and political liberalization. Today, India is in the midst of an equally monumental struggle in economic liberalization. The stakes could not be higher. An economic future of broadly shared prosperity and vanishing poverty for more than 1.2 billion people is within grasp. To get there, however, calls for advancing inclusive growth.