The author argues that as India and China face the new challenges of the 21st century, their economies stand at crossroads of policy making. Either the two nations take the high road of further economic reforms energizing the national innovation and governance systems, or see their economic growth momentum fizzle out. The author argues that at present the Chinese economy enjoys substantial economic and policy advantages over India, in the manufacturing sector in particular. It is this sector that has the potential to wipe out unemployment, a vital social goal.
Born in Mylapore, Chennai, on 15 September 1939, Dr. Swamy holds a Ph.D. in Economics from Harvard University, where he also taught for ten years, and has published famous joint papers on the Theory of Index Numbers with Nobel Laureate Paul A. Samuelson. Dr. Swamy was the President of the Janata Party. Subramanian Swamy is a published author of several books, research papers and journals. He received Distinguished Alumni Award from Hindu College, University of Delhi, in 2012; Hindu Ratna Award from the organization of Hindu Helpline, in 2013; and Tamil Ratna award for the Tamil Sangam of New York. Subramanian Swamy is today nationally known and widely respected for his ideological conviction, for his commitment to furthering democracy and market economy in the country, for his scholarly credentials, and a blemish-free political career. He has been elected to Parliament for five terms and been a Cabinet Minister twice.