THE MAKING OF INDIA

The Making of India chronicles
the journey of India’s demographic dividend through the varied transitions
taking place in the economy. The forces shaping India’s job market, its
cities, its industry and agriculture and its equation with the rest of the world
come from expected and unexpected places, heralding massive opportunities and
challenges for citizens, government and investors. Indians face a significant
private cost of public failure. Across its public goods like power, roads,
water, education, health and security, Indians have been offered poor
outcomes as prices have been kept low in the name of the poor. Throughout the
book, we encounter pricing distortions made by the iron hand of the
government (either making something cheap relative to its market price or
more expensive) which has swayed incentives and outcomes in various sectors.
As India dismantles these distortions, it gives rise to opportunities for
those willing to harness this change. As the identity of Indian citizens and
their money digitizes, how Indians interact with each other and their
government in changing for the better. Increased material prosperity of
Indians, especially if the gains are well-shared, will force a radical
rethink of India’s consumption market.