The Gaja Capital Business Book Prize was instituted in 2019, to encourage Indian entrepreneurs, writers, and journalists to tell their stories to the world. India is at the cusp of a once-in-a-generation opportunity to leverage its demographic dividend, strengths in chemistry, health sciences, technology, and a high-growth consumer market to create tremendous business value and innovation for the world. Over the next few decades, Indian entrepreneurship and business models should be written about, critiqued, celebrated, and improved to create a vibrant business ecosystem built to last. We hope that these awards encourage young entrepreneurs to read and learn from the experience of others and for writers, journalists, and entrepreneurs to share their stories and create a body of knowledge for others to leverage and build upon.
The Gaja Capital Business Book Prize 2025 was awarded to “Accelerating India’s Development: A State-Led Roadmap for Effective Governance” by renowned Indian economist Karthik Muralidharan, for its rigorous and accessible blueprint to unlock India’s next phase of growth through stronger state capacity and effective public service delivery. The 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