{"product_id":"the-lost-decade-2008-2018-hardcover","title":"The Lost Decade (2008-2018) [HARDCOVER]","description":"\u003cp\u003eThe Lost Decade (2008-2018) [HARDCOVER]\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eBefore the global financial meltdown of 2008, India's economy was thriving and its\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eGDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003ea large section of Indians, even if unequally. With sustained high growth over an extended\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eperiod, India could have achieved what economists call a 'take-off' (rapid and\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eself-sustained GDP growth). The global financial meltdown disrupted this\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003emomentum in 2008.\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eIn the decade that followed, each time the country's economy came close to returning\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eto that growth trajectory, political events knocked it off course.\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eIn 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003emajor economy in the world, but little on the ground suggests that Indians are actually\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003ebetter off. Economic discontent and insecurity are on the rise, farmers are restive and\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eland-owning classes are demanding quotas in government jobs. The middle\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eclass is palpably disaffected, the informal economy is struggling and big businesses\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eare no longer expanding aggressively.\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eIndia is not the star it was in 2008 and in effect, the 'India growth story' has devolved\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003einto 'growth without a story'. The Lost Decade tells the story of the slide\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003eand examines the political context in which the Indian economy failed to recover\u003c\/span\u003e\u003cbr\u003e\u003cspan\u003elost momentum.\u003c\/span\u003e\u003c\/p\u003e","brand":"Best of used books","offers":[{"title":"Used","offer_id":44270499922177,"sku":"2UKPAYCCH-Used","price":250.0,"currency_code":"INR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0421\/4299\/0495\/files\/2008.jpg?v=1692705901","url":"https:\/\/bestofusedbooks.com\/products\/the-lost-decade-2008-2018-hardcover","provider":"Best Of Used Books","version":"1.0","type":"link"}