Breaking the Mould
Reimagining India's Economic Future
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Breaking the Mould
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Narrated by:
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Adwait Karambelkar
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Written by:
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Raghuram Rajan
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Rohit Lamba
About this listen
Where is India going today? Is it surging forward, having just overtaken the United Kingdom to become the fifth-largest economy in the world? Or is it flailing, unable to provide jobs for the millions joining the labor force? What should India do to secure a better future?
India is at a crossroads today. Its growth rate, while respectable relative to other large countries, is too low for the jobs our youth need. Intense competition in low-skilled manufacturing, increasing protectionism globally and growing automation make the situation still more difficult. Divisive majoritarianism does not help. India broke away from the standard development path―from agriculture to low-skilled manufacturing, then high-skilled manufacturing and, finally, services―a long time back by leapfrogging the intermediate steps. Rather than attempting to revert to development paths that may not be feasible any more, we must embark on a truly Indian path.
In this book, the authors explain how we can accelerate economic development by investing in our people’s human capital, expanding opportunities in high-skilled services and manufacturing centered on innovative new products, and making India a ferment of ideas and creativity. India’s democratic traditions will support this path, helped further by governance reforms, including strengthening our democratic institutions and greater decentralization.
The authors offer praise where the Indian establishment has been successful but are clear-eyed in pointing out its weaknesses. They urge India to break free from the shackles of the past and look to the possibilities of the future. Written with unusual candor, and packed with vivid examples and persuasive arguments, this is a book for anyone who has a stake in India’s future.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2023 Raghuram Rajan and Rohit Lamba (P)2023 Random House AudioPeople who bought this also bought...
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What listeners say about Breaking the Mould
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Deepak Hudda
- 04-01-24
understandings of global economic fundamentals
a must read to understand how economic advisors work in order to advise their governments. Amd Raghu knows exactly what needs to be done in Indian case.
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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- Anonymous User
- 20-08-24
Excellent
Innocent brave factful analysis of current Indian scenarios . motivating simple interesting effortless reading . thank you for the work. all the best
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Overall5 out of 5 stars
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- Rajeev Gupta
- 03-04-24
A thoroughly informative and enjoyable book
A thoroughly informative and enjoyable book written by Raghuram Rajan & Rohit Lamba and well narrated by Adwait Karambelkar.
Raghuram is a distinguished Economist with a career as an academic, Chief Economist and director of research at the International Monetary Fund and is also as a retired governor of the reserve bank of India.
Today, an illusion is being created that India is moving forward at a high pace. The reality is a lot different from the narrative. Not enough jobs are being created. Whatever few jobs are being created go unfilled as a large majority of the job seekers do not have the right knowledge and skills to to be employed. A big chunk of the population does not have the health cover they should. The authors point out where the progress has been lacking and lay out a roadmap for fixing the problem.
The authors give strong arguments supporting what they are advocating but there are places where I would have preferred they gave historical examples to prove their point.
Critics of the book say that Raghuram and Rohit say that this book is nothing but a critique of the NDA. The authors acknowledge the amazing progress made by India in the fields of infrastructure, GST, UPI and organizing the G20 meet, all of which were done by NDA. The authors have criticized the fertilizer subsidies, MSP on wheat and rice, license-permit Raj, protectionism and other policies which were not started by the NDA. If you look at these facts, the book no longer appears to be what the critics of the book are saying.
Ultimately a well-written and narrated book for economists, policy makers, administrators and everyone who cares about India.
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- srinath
- 29-01-24
Bitter pill to swallow
Irrespective of which political ideology you lean on - this is a must read book to give you a perspective on importance of challenging our status quo, avoiding politics of convenience, and communal harmony for equitable growth.
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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- mohsin khan
- 20-06-24
Insight About Current Indian Economy
This Books give us blueprint about how India can grow in every sector. Lots of thing need to be done to achieve success..
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Overall5 out of 5 stars
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- Shakti Singh
- 07-03-24
Insightful
This book gives you a great sense of how India is doing right now and what we can do better. This book provides an alternative path of growth from the one we are currently on.
I hope our political leadership reads this book.
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1 person found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- AFTAB ALAM
- 28-01-24
Basic malaise of India's economy and how to overcome it ?
It has showed the way to boost Indian economy in magnificent way uplifting every Indian with it mitigating inequality and unleash true Ram Rajya in India.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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- Naveen.K.Mon
- 29-01-24
Economic realities of India
Book provides excellent insights and breaks the mould and makes the reader to think and reflect. Masterpiece and Must read to understand the realities and have critical thinking of the current situation. Simple but very powerful and thought provoking.
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Overall5 out of 5 stars
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- Anonymous
- 17-03-24
The point of view and the simplicity
Gives me a point of view to have conversations regarding our future with everyone. Not cynicism but actual data and a positive approach to all problems.
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Overall5 out of 5 stars
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- Priyank Bharti
- 06-02-24
Great analysis and near future roadmap!!
Everyone should read this book especially Indians regardless of any political parties it doesn't matter, you will find that a lot of changes in your thinking perspective of a developing country.
I think, one of the greatest books I have ever read regarding of Indian economy, society and basic structure of the systems.
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