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India's Decade of Development

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Author Info
Nirupam Bajpai
Jeffrey D. Sachs
Abstract

We believe that India has a chance for a tremendous breakthrough in economic development during the current decade. India’s political system is more than ever in consensus about the basic direction of reforms. The current government enjoys a strong electoral mandate. A decade of opening of the economy has produced new dynamism, most dramatically in the Information Technology sector, but in others as well. The world is waking up to India’s crucial role as the largest democracy and as a dynamic economy, if still a low-income one on average. The new technologies (especially information technology and biotechnology) give new opportunities for economic and social development.

We suggest that India should set major national goals of development. These goals will help to galvanize domestic public opinion in support of the objectives of development, provide a gauge against which to judge the progress of policies, and help the world community to appreciate the efforts underway, and support them through increased flows of foreign investment. To make the first decade of the 21st Century a true Decade of Development will require a broad-based program of economic and social actions. We highlight ten crucial initiatives in this regard.

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Paper provided by Center for International Development at Harvard University in its series CID Working Papers with number 46.

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Date of creation: May 2000
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Handle: RePEc:wop:cidhav:46

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Related research
Keywords: India’s development; India’s economic reforms; Information Technology;

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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  1. Saji M., 2006. "Constituting Development: Encountering the deprivation of the ‘poor’ under the ‘reform’ apparatus in India," Working Papers id:459, esocialsciences.com. [Downloadable!]
  2. Shoba Arun & Thankom Arun, 2002. "ICTs, gender and development: women in software production in Kerala," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(1), pages 39-50. [Downloadable!]
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