Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...

Introduction: building stories -- Routes of accumulation -- Speculating on Indian futures -- The India story -- Betting on the future -- Constructing consumer India -- Conflict and commensuration -- Transparency and control -- Developers' quest for credibility and capital -- Quality projects I:...