THE
INDIAN
RENAISSANCE INDIA’S RISE AFTER A THOUSAND YEARS OF DECLINE
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THE
INDIAN
RENAISSANCE INDIA’S RISE AFTER A THOUSAND YEARS OF DECLINE
Sanjeev Sanyal
World Scientific NEW JERSEY
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LONDON
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SINGAPORE
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BEIJING
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SHANGHAI
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HONG KONG
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TA I P E I
•
CHENNAI
Published by World Scientific Publishing Co. Pte. Ltd. 5 Toh Tuck Link, Singapore 596224 USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE
British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library.
Cover image courtesy: Smita Barooah Sanyal
THE INDIAN RENAISSANCE India’s Rise after a Thousand Years of Decline Copyright © 2008 by World Scientific Publishing Co. Pte. Ltd. All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the Publisher.
For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher.
ISBN-13 978-981-281-877-5 ISBN-10 981-281-877-4 Typeset by Stallion Press Email:
[email protected]
Printed in Singapore.
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Contents
vii
Acknowledgements 1.
Waiting for a Thousand Years
1
2.
From Independence to Freedom
33
3.
The Entrepreneurial Explosion
61
4.
The Great Indian Middle Class (and its Limitations)
93
5.
Poverty, Inequality and the Last Bastion of Control
113
6.
The Two Revolutions
141
7.
The Importance of Institutional Reform
171
8.
How India will Change
191
9.
Is India’s Rise Inevitable?
225 239
Index
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Acknowledgements
There are many people witho