Breaking the Mold : India’s Untraveled Path to Prosperity

The new path for economic development that India must create The whole world has a stake in India’s future, and that future hinges on whether India can develop its economy and deliver for its population-now the world’s largest-while staying democratic.India’s economy has overtaken the United Kingdom’s to become the fifth-largest in the world, but it is still only one-fifth the size of China’s, and India’s economic growth is too slow to provide jobs for millions of its ambitious youth.Blocking India’s current path are intense global competition in low-skilled manufacturing, increasing protectionism and automation, and the country’s majoritarian streak in politics.In Breaking the Mold, Raghuram Rajan and Rohit Lamba show why and how India needs to blaze a new path if it’s to succeed. India diverged long ago from the standard development model, the one followed by China-from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services-by leapfrogging in