From Human Capability to National Capability: Rethinking India's Development Conversation
The Shifting Development Conversation The economic reforms of 1991 marked one of the most consequential turning points in independent India's development journey. By dismantling much of the country's tightly controlled economic regime, opening previously protected sectors to greater private participation and foreign investment, integrating more closely with the global economy, and seeking to accelerate growth, employment, and foreign exchange earnings - the reforms fundamentally reshaped India's economic trajectory. The three and a half decades that have followed witnessed not only remarkable economic transformation but also a fascinating evolution in the country's development conversation. As India's economy expanded and markets opened, each decade seemed to produce its own defining question — not because the previous questions had been answered completely, but because the country's principal constraints have kept changing. Amartya Sen and the Capability Turn I...