India has crucially placed the domestic market as the driver of its economic development, which strategy is also a major prescription for sustainable recovery of the global economy post the financial crisis that began in 2008. “India is a leading example of a country which has been at the forefront in identifying the function of the domestic market as critical to sustainable growth,” Mukhisa Kituyi, secretary general of the United Nations Conference on Trade and Development (UNCTAD), told IANS in an interview.”India’s public investment and wage policies are structured to enhance the growth of the country’s middle class, which is one of the main prescriptions for the sustainable recovery of the global economy, particularly the global South,” said the chief of UNCTAD, which was established in 1964 as a forum for developing countries to discuss issues related to their economic development.

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