India’s gross domestic product (GDP) growth has slowed sharply from 8% a year last year to 5% in the second quarter this year. It was an important moment in global economic history. The other growth sector, construction, matched financial growth until recently (Figure 1). Clinton spoke in awe of India’s dazzling diaspora in the US Silicon Valley; he applauded India’s young multimillionaires. From the time of the industrial revolution in the late 18th century, economic growth and human capital development had been closely related.

Source: Mint November 17, 2019 16:18 UTC