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RICHARD GRABOWSKI

India’s recent economic success is plagued with several problems: slow structural change, little growth in labor intensive manufacturing, slowing agricultural growth, and significant debt problems. It will be argued that these problems are interlinked and are in turn related to the type of industrialization process that has unfolded. Significant investment in agriculture is the key to resolving these issues. The experience of China and Japan is used to illustrate how this resolution might unfold in India.