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Five
decades after Independence, the story of India
can be told with an unceasing invocation of one
word-If-the shorthand for a saga of missed opportunities.
It is not that India lacks achievements-a vibrant
democracy, a large reservoir of skilled manpower,
a self-confident middle class at the cutting edge
of new technology and, above all, a huge and growing
domestic market. It is just that these achievements
are not commensurate with India's acknowledged
potential. The country faces an unacceptable performance-potential
gap.

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