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Awakening the sleeping tiger

India can achieve a level of per capita income by the mid-2020s similar to that of China today but urgent reforms are needed.

Published Sun, Jun 14, 2015 · 09:50 PM

    INDIA missed the high-speed growth train from 1960 to 1980 that carried Japan and the Asian Tigers to the rich-country club.

    Even compared to China and other developing countries in Asia, India's economic performance, until the 2000s, has been a disappointment.

    However, growth experienced in early 2000s suggests that the Indian economy is capable of delivering admirable growth rates on a sustainable basis when the right policy mix is adopted.

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