FORA Economy

Season 2007 Episode 0302

Promise and Peril for India

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Promise and Peril for India
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Promise and Peril for India in the 21st Century with Edward Luce.India will become the world's third largest economy within a generation and by 2032 will surpass China in population. By 2050, it will also boast more English speakers than the United States. Yet the rising power of India remains a mystery to many Americans. In his new book, In Spite of the Gods, journalist Edward Luce attempts to shed light on the forces shaping India, a country caught between a stubborn past and a modernizing present.In Spite of the Gods illuminates a land of many contradictions. The booming tech sector we read so much about in the West, Luce points out, employs no more than one million of India's 1.1 billion people. Only 35 million people, in fact, have formal enough jobs to pay taxes, while three-quarters of the country lives in extreme deprivation in India's 600,000 villages. Yet amid all these extremes, and despite high levels of bureaucratic corruption, India remains the world's largest experiment in representative democracy, and a largely successful one.moreless
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