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India’s next steps

Despite flattering images of high-tech Bangalore, India's economy continues to disappoint. On the eve of the general election Vijay Joshi says India can emulate the Asian tigers but not without transforming the state

By Vijay Joshi   February 1998

Some of India’s achievements in the past 50 years have been remarkable. To the amazement of many, this vast and complex society has managed to protect national unity, introduce and preserve democracy and dilute traditional hierarchies. But economic progress has been disappointing. Despite the rhetoric of socialism and the pervasive state intervention in its name, poverty continues on a colossal scale. More than one third of India’s one billion people live in conditions of acute poverty; and more than one third of the world’s poor are concentrated in India. The goal of the next 50 years must be to achieve…

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