India's long road: the search for prosperity

India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity.

"India has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi argues that the foundations of rapid, durable and inclusive economic growth in India are distinctly shaky. He lays out a penetrating analysis of the country's recent faltering performance, set against the backdrop of its political economy, and charts the course t should follow to achieve widely shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market and the private sector must be comprehensivelyraligned. Depper liberalization is very necessary but far from sufficient. The state needs to perform much more effectively the many core tasks that belong squarely in its domain. His radical reform model includes a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily aboish extreme poverty."