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Podcast: New Books in Economic and Business History
Episode: Raghuram G. Rajan and Rohit Lamba, "Breaking the Mold: India’s Untraveled Path to Prosperity" (Princeton UP, 2024)
Description: The whole world has a stake in India's future, and that future hinges on whether India can develop its economy and deliver for its population--now the world's largest--while staying democratic. India's economy has overtaken the United Kingdom's to become the fifth-largest in the world, but it is still only one-fifth the size of China's, and India's economic growth is too slow to provide jobs for millions of its ambitious youth. Blocking India's current path are intense global competition in low-skilled manufacturing, increasing protectionism and automation, and the country's majoritarian streak in politics. In Breaking the Mold: India’s Untraveled Pat...