Gaja Capital Business Book Prize announces winner of its 7th edition

Renowned Indian economist Karthik Muralidharan’s book, Accelerating India’s Development: A State-Led Roadmap for Effective Governance, has won the Gaja Capital Business Book Prize 2025, for its rigorous and accessible blueprint to unlock India’s next phase of growth through stronger state capacity and effective public service delivery.

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Left to right: Ranjit Shah, Arindam Bhattacharya, Aparajith Ramnath, Shailesh Haribhakti, UK Sinha, Karthik Muralidharan, Anupam Gupta, C K Venkataraman, Imran Jafar, Gopal Jain

This landmark work systematically examines India's governance challenges, especially in education, health, social protection and jobs, and sets out evidence-based, state-level reform strategies to ensure that growth translates into widespread improvements in citizens’ lives.