Building forward better

The biggest impediment in India securing transformative prosperity for its citizens by 2047 is the suboptimal utilisation of its resources

There is a lot of talk of the Indian economy hitting $30-35 trillion by 2047. These calculations are based on arithmetic extrapolation, backed, no doubt, by a healthy fatalism. But history tells us that progress is neither linear nor inevitable. As I am not prone to the contemporary Indian disease of bragging about the future, I ask: What kind of structural transformation will the Indian economy and society need to undergo in the next 10 years to make this happen?

At our current development juncture, there is no one answer to this question for India as a whole. This is