India is the world's most populous democracy. Its strong growth rate and economic and social progress for much of the 1990s and early 2000s gave many nations hope that a country striving to lift hundreds of millions of people out of poverty in a free society could achieve greater equity and inclusiveness. But it has taken many decades for India to reach this position. The slowdown of the last few years raises the issue once more of what it will take for India's government and business sector not to allow such an impressive economic performance to stagnate or roll back. China, too, has had to accept lower rates of growth and confront future economic and social uncertainties.
T N Ninan views 2015 as the pivotal point for assessing what has gone wrong in India, and what might be the game-changers to restore forward momentum. While the present government of Narenda Modi is aiming to see if business incentives can be allied with government's long-standing efforts to feed India's people and create new jobs, the author believes private enterprise has not stepped up enough to sustain needed growth. The Indian state's own experiments to conduct public business in a more effective way has not yet arrested high levels of corruption, identified the processes for ending absolute poverty, or found the right "green keys" to foster economic development and protect the environment at the same time.
Ninan does not conclude that India's moment has necessarily passed definitively. He draws from its history to indicate where lessons for renewed growth may be found. There is too much that is still positive about the country's human and capital resources - and the usable experiences of other democracies such as the United States in the nineteenth and twentieth centuries - to assume the chance for economic and political eminence has passed. Rather, targeted development projects, new businesses, new entrepreneurs, and new attitudes might yet lead to the favorable outcomes India has long sought. Economic strength may also enhance the country's political aspirations, not only vis-à-vis China and with the U.S. as a possible strategic partner but also in international standing.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
T N Ninan is Chairman of the Business Standard in New Delhi.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
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Hardcover. Etat : new. Hardcover. In The Turn of the Tortoise, T N Ninan explores the paradox of a "premature superpower" (as Martin Wolf once described India in the Financial Times). India has grown from the 12th largest economy in 2008 to what IMF reckons is the 7th largest in 2015, even as its people are poorer than those in Laos and Sudan. Ninan assesses India's position as a natural counter-weight to China, though fundamentally different from that country and overshadowed byit in an unequal military balance and in the contest for influence in a region that stretches beyond Asia to Africa. And finally, Ninan looks at how the third-largest contributor to global economic growth remainstroubled by slow economic reform and the poor standards of governance that make it a difficult place in which to do business.The author considers the social, economic and political forces that helped the rise of Prime Minister Narendra Modi, and the risks of constitutional liberalism yielding space to an illiberal democracy. He views the role of Indian business conglomerates as double-edged, and reviews India's stance and role in global trade and climate changenegotiations.This work uses data extensively to support analysis, even as it tells stories of hope and frustration within a framework of qualified optimism. The brisk and engaging style ofan expert wordsmith will appeal to anyone interested in the new "Asian Drama": the tension with China, the "arc of friendship" that brings closer the region's largest democracies (Japan, Australia and India), and the many facets of the new energy in Indo-US relations. If you want to make sense of a complex country that encompasses "a universe of realities," this is the book you've been waiting for. The Turn of the Tortoise assesses India's business and the economy, but also a much wider canvas: politics and government, social trends and emerging realities, and international and strategic issues. It provides an expert's perspective on the future of India's development. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. N° de réf. du vendeur 9780190603014
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