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India 2050

India 2050
A Roadmap to Sustainable Prosperity

First Edition

September 2015 | 388 pages | SAGE India

Can India achieve a high-income status by 2050 when it celebrates the centenary of its Republic? 

Will the nation eliminate absolute poverty and improve its human development record? 

This book emphasizes the centrality of a trade-oriented services sector led by communication, business services, health, education, research, and innovations for achieving these growth targets. It also argues that inclusiveness, financial prudence, and low-carbon lifestyles are preconditions to long-term growth. 

India can achieve such prosperity neither through the socialistic policies of 1950–80 nor through the neo-liberalistic policies since 1980. It needs to, instead, follow a middle-path approach closer to the systems adopted by Germany and the Nordic countries. It is within this framework that India will devise its independent development paradigm rooted in its own traditions and realities.


Foreword Ambassador Shyam Saran
Ending International Income Apartheid in the 21st Century
India’s Growth Story: A Basis for Confidence but in Need of Course Correction
A New Paradigm for Sustainable Prosperity
Growth Prospects: Downside Scenario and Preferred Scenario
Export-oriented Knowledge Economy for Sustainable Economic Prosperity
Ensuring Social Sustainability of Prosperity
Financially Sustainable Resource Mobilization
Making Prosperity Ecologically Sustainable
Toward Decentralized Knowledge-Centric Cities in Prosperous India 2050
Getting the Government do Its Duty of Providing Public Goods
Some Overarching Themes
India at Crossroads

Ramgopal Agarwala provides a roadmap for sustainable development refreshingly different to the current received economic wisdom and specific to India…. The road’s ultimate destination isn’t simply economic well-being but spiritual wholeness too. Everyone interested in India realizing its extraordinary economic and spiritual potential should read India 2050.

Mark Tully
Journalist and Writer

Ramgopal Agarwala has written an ambitious program for a prosperous India. In this thought-provoking book, he rightly recognizes that it is infeasible for India to imitate the path of the developed West…. Indians should pay attention to his wisdom: radical changes are indeed needed in many areas if they are to attain the destiny they desire.

Martin Wolf
Financial Times

Can India make into the Big League? Bringing his extensive knowledge of the history and theory of development economics and his experience in policy issues, Agarwala has given us a book which will form the basic reading for all interested in the future prosperity of India.

Meghnad Desai
Emeritus Professor of Economics at London School of Economics

Ramgopal Agarwala

Dr Ramgopal Agarwala is Chairman of Pahle India Foundation, New Delhi. Dr Agarwala graduated from Presidency College, University of Calcutta, and was a gold medalist in MA Economics. He did his PhD in Econometrics from Manchester University. His thesis was later published in the form of a book An Econometric Model of India that became a staple read in Indian universities. He joined the World Bank in 1971 and worked at various senior positions across several countries in Asia and Africa, including Bangladesh, Kenya, Botswana, the Philippines, Thailand, South Korea and China. He retired from the World Bank after serving as the Chief of the... More About Author

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