What can India do to industrialize? - by Noah Smith
I really believe that Indian industrialization is one of the most important stories in the world today. The fate of over a billion people — most of them still pretty poor — hinges crucially on the question of whether the world’s most populous nation can lift itself out of poverty by its bootstraps, as China has done, and as Vietnam is now in the process of doing. Instead of writing another post about Indian industrialization, I thought I’d solicit a guest post from Karan Bhasin, who knows a lot about the subject. Karan is a doctoral candidate at University at Albany, SUNY, whose research has documented India’s recent progress in reducing poverty. He’s joined in this post by Prakash Loungani, the Director of the M.S. in Applied Economics program at Johns Hopkins University, who teaches a course on economic growth with Karan. Together, they explain the next steps they think India needs to take in order to supercharge its industrial development. In February 2023, Noah posed an important q
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