The Ten Trillion Dream

Book excerpt: India rightly aspires to be an upper-middle-income economy with its vast workforce gainfully employed to have a decent standard of living. This, however, is a challenging proposition as India continues to grapple with major economic policy issues. This book discusses the present state of India's economy. It thematically explores the critical policy issues India faces today and suggests reforms for India to become a $10-trillion economy by the mid-2030s. The book presents a wide-angled and comprehensive view of the state of the Indian economy. It analyses India's macroeconomy in the light of its evolution since Independence and covers the performance of the Indian economy on macro parameters of growth, inflation, monetary management, credit management, foreign capital inflows, fiscal management and other important macroeconomic fundamentals. Covering major sectors of the economy, such as agriculture, industry and services, the book also captures India's progress towards becoming a digital economy.