The secret sauce behind Asia’s growth miracles
4 years, 4 months ago

The secret sauce behind Asia’s growth miracles

Live Mint  

It is well-recognized today that India’s infrastructure deficit needs to be fixed. Unsurprisingly, the Reserve Bank of India Governor Shaktikanta Das called for a big infra push to revive India’s growth engines at a Confederation of Indian Industries event a few days ago. What is less well recognized is the role of India’s social infrastructure deficits --- in education, skills, health and nutrition --- that have stifled India’s growth potential. While China’s lead over India in terms of its impressive physical infrastructure is widely commented upon, China’s early efforts in providing education and healthcare to masses elude attention. China’s early investments in social infra during the Mao era provided a solid launch pad for its growth take-off in the post-Mao era, wrote Pranab Bardhan, emeritus professor of economics at the University of California Berkeley, in his 2011 book, Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India.

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History of this topic

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

India's population projected to reach 1.53 billion by 2100: How can it leverage this growth?
1 month ago

India's population projected to reach 1.53 billion by 2100: How can it leverage this growth?

New Indian Express  

India, which became the most populous country in the world in 2023, surpassing China, is projected to have a total population of 1.53 billion by 2100, according to estimates from the United Nations. The UN's population growth estimate projects the total world population to reach 10.4 billion by 2100, based on factors such as fertility rates, increasing life expectancy, and …

‘Further reforms needed for India to reach developed country status by 2047’
4 months, 3 weeks ago

‘Further reforms needed for India to reach developed country status by 2047’

The Hindu  

Member of Fourteenth Finance Commission M. Govinda Rao has said that to achieve the status of a developed country by 2047, India has to increase its per capita income from the current $2,600 to $14,205. Delivering the Dr. D.C. Pavate Foundation Memorial Lecture at Karnatak University in Dharwad on Friday, Prof. Rao said that to achieve this goal, the country …

India Needs to Address Issues Like Malnutrition to Become Developed Country: Rajan
1 year ago

India Needs to Address Issues Like Malnutrition to Become Developed Country: Rajan

Deccan Chronicle  

Hyderabad: India needs to address problems like malnutrition to become a developed nation and also focus on its most important asset of human capital, former RBI governor Raghuram Rajan said on Sunday. Speaking at an interactive session on a book co-authored by him at the Indian School of Business, he asked how the country could become a developed one when …

India’s post-pandemic potential growth could be pushed higher
1 year, 8 months ago

India’s post-pandemic potential growth could be pushed higher

Live Mint  

Three years have now passed since the pandemic brought the world to a standstill. The World Bank has this week released a large database with estimates of potential growth over the years for various countries. First, the World Bank estimates Indian potential growth at 7% a year. Second, Indian potential growth is higher than that of most emerging economies it …

Explained | India now has 1.4 billion people. What does it mean for their health?
1 year, 9 months ago

Explained | India now has 1.4 billion people. What does it mean for their health?

The Hindu  

Published : Mar 03, 2023 15:01 IST India’s population reached 1.4 billion people at the end of last year, according to estimates from the World Population Review. The US-based Institute for Health Metrics and Evaluation has predicted that India’s population could fall back to around one billion by the end of the century. And population growth is not going to …

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD
1 year, 10 months ago

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

The Hindu  

India continues to remain a relative "bright spot" in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund Managing Director Kristalina Georgieva said. And in that way, India is providing about 15% of global growth in 2023," Ms. Georgieva told PTI in an interview. India remains a bright spot at a time …

How growth stories of India and China stack up
1 year, 11 months ago

How growth stories of India and China stack up

Live Mint  

New Delhi: Come Union budget day on 1 February, a central point of analysis would be if it’s enabling economic growth adequately. View Full Image Mint China’s great strength, and India’s weakness over the past 15 years or so, has been investment, or the net addition to capital goods like machinery and equipment. View Full Image Mint China scripted its …

How to sustain 7% growth for India
2 years, 4 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

India at 75 | Stepping back from an ecological abyss
2 years, 4 months ago

India at 75 | Stepping back from an ecological abyss

The Hindu  

Growing up in the 1970s and the early 1980s, many of us who were passionate about environmental issues were inspired by these and other movements. Ironically, a component of Prime Minister Narendra Modi’s vision of Aatmanirbhar Bharat is new coal mining in central India, displacing already self-reliant Adivasi communities and rendering them dependent on government and corporations. Indeed, India’s crafts …

India’s population growth: Is it boon or bane?
2 years, 5 months ago

India’s population growth: Is it boon or bane?

Firstpost  

The greatest growth in population in India, higher than the national average, is taking place amongst the poorest, in the least developed states, amongst the uneducated and malnourished Of the current world population of 8 billion in 2022, India and China account for roughly 2.8 billion, on a more or less equal basis. However, the greatest growth in population in …

Jaishankar bats for domestic production over unchecked globalisation
3 years ago

Jaishankar bats for domestic production over unchecked globalisation

The Hindu  

The COVID-19 pandemic has brought India’s capabilities and need for more domestic production rather than unchecked globalisation, External Affairs Minister S. Jaishankar said on Tuesday, speaking at a technology summit, where he said that to foster technology growth, the nation must seek more education, skills, start-ups, supply chains and jobs to be created internally. Domestic supply chain “The idea that …

Growth needs steps beyond reforms
3 years, 4 months ago

Growth needs steps beyond reforms

The Hindu  

The Indian economy has travelled through an eventful period through the last three decades. The break with the past came in three important ways: in dismantling the vast network of licences, controls and permits that dominated the economic system; in redesigning the role of the state and allowing the private sector a larger space to operate within, and in abandoning …

India's infrastructure to be no less than US, Europe in 5 years: Nitin Gadkari
3 years, 8 months ago

India's infrastructure to be no less than US, Europe in 5 years: Nitin Gadkari

India TV News  

A new India is in the making with infrastructure which will be no less than that in the US and Europe in five years, and a solid foundation has already been laid with over Rs 17 lakh crore worth of projects in the last five-year period, Union Minister Nitin Gadkari said on Thursday. The minister said its foundation has already …

Thrust on Infra Will Boost Growth, Generate Jobs: US Chamber of Commerce on India's Budget
3 years, 10 months ago

Thrust on Infra Will Boost Growth, Generate Jobs: US Chamber of Commerce on India's Budget

News 18  

A Boston-based India-centric chamber of commerce on Monday said the increase in healthcare outlay in the latest annual budget will lead India towards a healthier country and the thrust on infrastructure will boost growth and generate jobs. The focus on healthcare with the prime minister's Aatmanirbhar Swasth Bharat Yojana to strengthen the country's primary, secondary and tertiary health infrastructure with …

Growth is just not picking up, but no end to triumphalism
3 years, 10 months ago

Growth is just not picking up, but no end to triumphalism

Deccan Chronicle  

We have entered the 13th consecutive quarter of economic slowdown in India. Speaking loudly of competing with China and America but then falling behind even Bangladesh’s per capita GDP does not inspire confidence. When results for the same quarter year on year appear sometime in the middle of 2021, Prime Minister Modi will exclaim that we are the world’s fastest-growing …

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