TL;DRAbstract
Because more than a quarter of the world's poor--300 million--live in India, its economic and social performance are critical to achieving the Millennium Development Goal of halving world poverty by 2015. India, which has become more open to the world economy and more receptive to external policy advice than in the past, has built strong foundations for development, but a large, unfinished agenda of federal and state reform remains a substantial challenge.
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Because more than a quarter of the world's poor--300 million--live in India, its economic and social performance are critical to achieving the Millennium Development Goal of halving world poverty by 2015. India, which has become more open to the world economy and more receptive to external policy advice than in the past, has built strong foundations for development, but a large, unfinished agenda of federal and state reform remains a substantial challenge.
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