Book contents
- Frontmatter
- Contents
- Introduction
- PART I DEMOCRACY AND GLOBALIZATION
- PART II INDIA AND THE WORLD
- 11 Jakotra Village, Santalpur Taluka: Debating Globalization
- 12 India at Fifty and the Road Ahead
- 13 The Indian Economy: Take-off and Strategic Policy Issues
- 14 Has Poverty Declined in India?
- 15 Infant Mortality and the Anti-Female Bias
- 16 Labour Laws and the Role of Contracts
- 17 The Reform of Small Things
- 18 Is India's e-Economy for Real?
- 19 India's Trade Policy and the WTO
- 20 The Coming Textile Turmoil
- PART III SOCIAL NORMS AND POLITICAL ECONOMY
- PART IV PERSONS
- PART V ON THE ROAD, AROUND THE WORLD
- Index
13 - The Indian Economy: Take-off and Strategic Policy Issues
from PART II - INDIA AND THE WORLD
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Introduction
- PART I DEMOCRACY AND GLOBALIZATION
- PART II INDIA AND THE WORLD
- 11 Jakotra Village, Santalpur Taluka: Debating Globalization
- 12 India at Fifty and the Road Ahead
- 13 The Indian Economy: Take-off and Strategic Policy Issues
- 14 Has Poverty Declined in India?
- 15 Infant Mortality and the Anti-Female Bias
- 16 Labour Laws and the Role of Contracts
- 17 The Reform of Small Things
- 18 Is India's e-Economy for Real?
- 19 India's Trade Policy and the WTO
- 20 The Coming Textile Turmoil
- PART III SOCIAL NORMS AND POLITICAL ECONOMY
- PART IV PERSONS
- PART V ON THE ROAD, AROUND THE WORLD
- Index
Summary
Has India Taken Off?
In recent times India has been getting a better international press than ever before.
When it comes to crafting national economic policy, few political leaders in the world have had the success of Singapore's Lee Kuan Yew. Whatever reservations one may have about his politics, it is remarkable how he steered Singapore from a poor nation to a fully industrialized one in three decades. He has also written on the economic problems of different nations with remarkable prescience. During his term as Prime Minister of Singapore he routinely expressed pessimism on India. ‘It was sad to see the gradual rundown of the country’, he wrote in his book, From Third World to First, and added in his inimitably undiplomatic style that the crockery at a formal government dinner was very bad and ‘one knife literally snapped in my hand and nearly bounced into my face.’
It therefore caused a stir when, in early April, on the occasion of the founding of the Lee Kuan Yew School of Public Policy in Singapore, he predicted that India will be propelled into the ‘front ranks’. In this speech, crammed with information and analysis, he argued that, over the next decades, ‘China and India will shake the world. … In some industries, [these countries] have already leapfrogged the rest of Asia.’
- Type
- Chapter
- Information
- The Retreat of Democracy and Other Itinerant Essays on Globalization, Economics, and India , pp. 105 - 113Publisher: Anthem PressPrint publication year: 2010