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India's Decade of Development

Author

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  • 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.

Suggested Citation

  • Nirupam Bajpai & Jeffrey D. Sachs, 2000. "India's Decade of Development," CID Working Papers 46, Center for International Development at Harvard University.
  • Handle: RePEc:wop:cidhav:46
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    File URL: http://www.cid.harvard.edu/cidwp/pdf/046.pdf
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    Cited by:

    1. Jeffrey D. Sachs & Nirupam Bajpai, 2001. "The Decade of Development: Goal Setting and Policy Challenges in India," CID Working Papers 62A, Center for International Development at Harvard University.
    2. Nirupam Bajpai, 2002. "A Decade of Economic Reforms in India: the Unfinished Agenda," CID Working Papers 89, Center for International Development at Harvard University.
    3. Jeffrey D. Sachs & Ananthi Ramiah & Nirupam Bajpai, 2002. "Understanding Regional Economic Growth in India," CID Working Papers 88, Center for International Development at Harvard University.
    4. 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.

    More about this item

    Keywords

    India’s development; India’s economic reforms; Information Technology;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O23 - Economic Development, Innovation, 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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