Mysuru: India's economic development has been unique in a broad perspective. It belongs to neither firstly the Western European or American Model and secondly the model of East Asian Countries which witnessed rapid economic progress following World War II. Having nurtured democracy as well as sustained economic development amidst a lot of social diversities of faiths, castes, languages, incomes of the people, it calls for celebration. The task of reducing these differences and their fallout on the country's economic development process has proved very difficult calling for a policy spelling out redistributive measures and anti-poverty programmes. However, two important sectors namely health and education have been the biggest disappoint of the country's 70-year democracy across the many governments, opined Dr. Arvind Subramanian, Chief Economic Adviser to the Govt. of India.
He was delivering a talk on "The Indian Economy; Some Issues" in the D.V. Narasimha Rao Lecture series under the auspices of Desiraju Trust of Dr. D. Rajagopala Rao and Desiraju Family at the auditorium of All India Institute of Speech and Hearing (AIISH), Manasagangothri, here yesterday.
