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A Social Democratic Agenda for a More Dynamic Indian Economy: Creating an Innovative and Learning Society

Stiglitz, Joseph E.

Jawaharlal Nehru has become a symbol of the fight for freedom, independence and democracy throughout the world. He had high aspirations for a resurgent India, aspirations that are today being fulfilled. But the struggle for dignity, equality and democracy, and for improving the living standards of all citizens within the country is a never-ending struggle. It is about this struggle, about the transformations of the economy, politics and society that are necessary to achieve victory in this struggle, that I wish to speak. In this paper, I want to put forward three hypotheses: 1. Successful and 'sustained' growth requires creating a learning society. And this is especially so in the 21st century as we move to a knowledge economy. 2. An open, democratic society is more conducive to the creation of a learning society. 3. Successful and sustained democratic growth must be inclusive.

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An Indian Social Democracy: Integrating Markets, Democracy and Social Justice
Academic Foundation

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April 15, 2019