Talk by Rohit Lamba (Economics, Cornell University)

India has a remarkable digital infrastructure, a burgeoning demographic dividend, a stable democracy, a high-performing high-tech services sector, a learned and arguably well-meaning elite, and a phenomenally successful diaspora. There is also rising interest in the West to diversify economic supply chains away from China. Many omens suggest it may just be India's time to break upwards from a low-middle-income country to the high-middle-income category. Two key constraints may hold this march back. First, India's structural transformation has been unusual in having broadly skipped low-skilled manufacturing as a dominant contributor to total output and employment, like Korea and China. Will this be a feature or a bug in the coming decades? Second, India's state architecture continues to be stubbornly centralized at all levels of funds, functions, and functionaries. Will the ensuing compromise in public provision of basic health and education prove irreversible? In sum, can India overcome these challenges to become rich before it becomes old? Professor Lamba will examine this issue and discuss his new book Breaking the Mold: India's Untraveled Path to Prosperity (2024).

Rohit Lamba is an assistant professor of economics at Cornell University. He has previously held academic positions at Penn State University, the University of Pennsylvania, and New York University Abu Dhabi. He did his PhD in economics at Princeton University. He was also an economist at the Office of the Chief Economic Advisor to the Government of India. Rohit's research focuses on economic theory and economic development. He is the co-author (with Raghuram Rajan) of a recent book Breaking the Mold: India’s Untraveled Path to Prosperity, published by Princeton University Press internationally and by Penguin Random House in India.