. ▁He ▁says ▁that , ▁if ▁anything , ▁Americans ▁under est imate ▁the ▁negative ▁impact ▁of ▁high ▁oil ▁prices , ▁not ing ▁that ▁a ▁sharp ▁increase ▁in ▁oil ▁prices ▁has ▁laid ▁the ▁stage ▁for ▁virt ually ▁every ▁post war ▁re cess ion . ▁ ▁India ▁ ▁Sh arma ▁is ▁best ▁known ▁in ▁his ▁home ▁country , ▁India , ▁where ▁" Bre ak out ▁Nations " ▁broke ▁sales ▁records ▁for ▁a ▁serious ▁non - f iction ▁book ▁and ▁prov oked ▁w ides p read ▁discussion ▁over ▁his ▁view ▁that ▁India ▁has ▁at ▁best ▁a ▁ 5 0 - 5 0 ▁chance ▁to ▁be ▁a ▁Break out ▁Nation . ▁ ▁Sh arma ▁has ▁argued ▁for ▁some ▁time ▁that ▁India ’ s ▁growth ▁shows ▁a ▁clear ▁pattern , ▁rising ▁and ▁falling ▁with ▁the ▁t ides ▁of ▁the ▁global ▁economy , ▁even ▁when ▁its ▁leaders ▁take ▁personal ▁credit ▁for ▁the ▁periods ▁of ▁strong ▁growth . ▁He ▁has ▁argued ▁that ▁India ▁needs ▁to ▁develop ▁a ▁stronger , ▁more ▁sust ained ▁will ▁to ▁reform , ▁as ▁East ▁Asian ▁success ▁stories ▁have ▁in ▁the ▁past . ▁▁ ▁Rec ently , ▁Sh arma ▁made ▁the ▁case ▁that ▁India ▁is ▁starting ▁to ▁evol ve ▁along ▁a ▁federal ▁model , ▁similar ▁to ▁the ▁European ▁Union , ▁with ▁each ▁state ▁purs uing ▁its ▁own ▁economic ▁strategy , ▁and ▁those ▁states ▁with ▁compet ent ▁leaders ▁growing ▁much ▁faster ▁than ▁others ▁do . ▁ ▁Sh arma ▁cont ends ▁that ▁this ▁federal ▁structure ▁fits ▁the ▁diverse ▁" natural ▁fabric " ▁of ▁India , ▁and ▁should ▁be ▁encourag