000			02015nam a22002417a 4500
008			190620b xxu||||| |||| 00| 0 eng d
020			_a9780670091836
037			_cPurchased _nPrism books,Kadavanthra
041			_aEnglish
082			_a320.954 _bPUJ/LO
100			_aPuja Mehra
245			_aLOST DECADE 2008-18 : How India's Growth Story Devolved into Growth Without a Story
250			_a1
260			_aUSA _b Penguin _c2019/01/01
300			_g340
500			_aBefore the global financial meltdown of 2008, India's economy was thriving and its GDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted a large section of Indians, even if unequally. With sustained high growth over an extended period, India could have achieved what economists call a 'take-off' (rapid and self-sustained GDP growth). The global financial meltdown disrupted this momentum in 2008. In the decade that followed, each time the country's economy came close to returning to that growth trajectory, political events knocked it off course. In 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing major economy in the world, but little on the ground suggests that Indians are actually better off. Economic discontent and insecurity are on the rise, farmers are restive and land-owning classes are demanding quotas in government jobs. The middle class is palpably disaffected, the informal economy is struggling and big businesses are no longer expanding aggressively. India is not the star it was in 2008 and in effect, the 'India growth story' has devolved into 'growth without a story'. The Lost Decade tells the story of the slide and examines the political context in which the Indian economy failed to recover lost momentum.
650			_aIndia -- Economic conditions -- 21st century.
650			_aIndia -- Politics and government --
650			_aEconomic history
650			_aPolitics and government
942			_cLEN
942			_2ddc
999			_c176207 _d176207