{"product_id":"lost-decade-2008-18-9780670091836","title":"Lost Decade (2008-18)","description":"\u003cp\u003eBefore the global financial meltdown of 2008, India's economy was thriving and its\u003cbr\u003eGDP growth was cruising at an impressive 8.8 per cent. The economic boom impacted\u003cbr\u003ea large section of Indians, even if unequally. With sustained high growth over an extended\u003cbr\u003eperiod, India could have achieved what economists call a 'take-off' (rapid and\u003cbr\u003eself-sustained GDP growth). The global financial meltdown disrupted this\u003cbr\u003emomentum in 2008.\u003cbr\u003eIn the decade that followed, each time the country's economy came close to returning\u003cbr\u003eto that growth trajectory, political events knocked it off course.\u003cbr\u003eIn 2019, India's GDP is growing at the rate of 7 per cent, making it the fastest-growing\u003cbr\u003emajor economy in the world, but little on the ground suggests that Indians are actually\u003cbr\u003ebetter off. Economic discontent and insecurity are on the rise, farmers are restive and\u003cbr\u003eland-owning classes are demanding quotas in government jobs. The middle\u003cbr\u003eclass is palpably disaffected, the informal economy is struggling and big businesses\u003cbr\u003eare no longer expanding aggressively.\u003cbr\u003eIndia is not the star it was in 2008 and in effect, the 'India growth story' has devolved\u003cbr\u003einto 'growth without a story'. The Lost Decade tells the story of the slide\u003cbr\u003eand examines the political context in which the Indian economy failed to recover\u003cbr\u003elost momentum.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Ebury Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/01\/2019\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780670091836\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 360","brand":"Puja Mehra","offers":[{"title":"Default Title","offer_id":39462452297909,"sku":"9780670091836","price":16.96,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_9ad01c78-ea97-45a4-a09b-4548c35370fa.jpg?v=1615920128","url":"https:\/\/pastforward.org\/products\/lost-decade-2008-18-9780670091836","provider":"Past Forward","version":"1.0","type":"link"}