Without jobs that benefit all segments of society, neither country will be able to support sustainable growth
Despite vastly different levels of economic development, India and the US increasingly face a number of similar economic challenges. Both countries need to rapidly create new jobs, move people into the middle class and keep them there, and take advantage of the opportunities that globalization can bring while mitigating its challenges to sustainable domestic growth and strong and equitable democratic societies. Contending with these challenges will first and foremost require effective domestic economic policies that address not just interest rates and investment, but also healthcare and education. But international economic partnerships will be a key part of the solution as well, and, working together, the US and India can advance shared prosperity.