Where is India going today? Is it surging forward, having just overtaken the United Kingdom to become the fifthlargest economy in the world? Or is it flailing, unable to provide jobs for the millions joining the labour 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 lowskilled manufacturing, increasing protectionism globally and growing automation make the situation still more difficult. Divisive majoritarianism does not help.

In the newly released book, Breaking the Mould Reimagining India’s Economic Future the authors former RBI Governor Dr Raghuram Rajan and economist Rohit Lamba explain how we can accelerate economic development by investing in our people’s human capital, expanding opportunities in highskilled services and manufacturing centred 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.

In this conversation with TheNewsMinute’s Editorinchief Dhanya Rajendran, Raghuram Rajan speaks about economy, the future and critiquing the government.

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