India’s search for prosperity
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For India to realise its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalisation of goods and factor markets is very necessary but far from sufficient. The state needs to perform much more effectively many core tasks that belong squarely in its domain, including providing a ‘basic income’ for citizens, improving state capacity to deliver public goods, and taking steps to reduce corruption and crony capitalism. Professor Vijay Joshi will discuss where India is today, where it is headed, and what it should do to attain its ambitious goals.
Vijay Joshi is Emeritus Fellow of Merton College, University of Oxford. He has written several books on India, including India’s Long Road: The Search for Prosperity (Oxford University Press 2017), India: Macroeconomics and Political Economy (World Bank and Oxford University Press, 1994, co-authored with Ian Little) and India’s Economic Reforms (Oxford University Press, 1996, co-authored with Ian Little).
The primary preoccupations of his working career have been teaching and research at the University of Oxford in macroeconomics, international economics, and development economics. He has published widely in these fields. From time to time, he has held various official and business positions, including Special Adviser to the Governor, Reserve Bank of India; Officer on Special Duty, Ministry of Finance, Government of India; Director, J.P. Morgan Indian Investment Trust; and consultant to various international organisations, including the World Bank.
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