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Toward India 2020: Challenges and Opportunities

Toward India 2020: Challenges and Opportunities

This video was recorded at MIT World Series: The B&K Securities MIT India Forum. People sometimes ask Montek Singh Ahluwalia questions loaded with "aspirational objectives," such as when India will "get rid of poverty." Few are as well equipped to respond as Ahluwalia, one of the architects of India's breathtaking economic transformation. The current income of an average Indian citizen is about 1/15th that of a U.S. citizen. Ahluwalia envisions increasing India's per capita income ten fold. He sees this as a matter of "simple arithmetic." To achieve this advance, India must sustain GDP growth of 9% a year (which corresponds to a 7%/year growth in personal income) -- for 32 years. By 2040, India's 1.5 billion people could be living more like Americans. "Regrettably, I won't be around to see... Show More
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