Emerging India: Economics, Politics and Reforms

by Bimal Jalan

"As India marks the twenty-year milestone of economic liberalization, some concerns about the country’s future prospects as an emerging power are beginning to be voiced; often, these stem from the past history of sharp swings in India’s fortunes. Bimal Jalan, one of the country’s well-known economists and former Governor of the Reserve Bank of India, has closely followed the path of India’s economic policies across its changing trajectories, from before the time the economy was liberalized to the very present The pieces that appear here were all written during the last twenty years, with the exception of three prescient notes from the mid-1970s highlighting the need for economic reforms to foster growth. The principal thought behind these essays is that, in the past twenty years, India’s capacity to grow faster than ever before has increased substantially because of its comparative advantage in relation to other countries. However, Jalan points out that for India to seize the opportunities that lie ahead, it is essential to bring about further reforms in the running of India’s politics and administration in order to ensure inclusive and incremental economic growth. "

Genres: Economics, India, Nonfiction

336 pages, Hardcover

First published January 19, 2012

Reviews

[Seth Mitra · Rating 4 out of 5]

I found this book by Bimal Jalan(former RBI governor), to be highly insightful and educational.It discusses many issues that are relevant to the present political and socioeconomic context like corruption, coalition politics and politicization of the bureaucracy, it goes on to cite many reason why certain mass poverty alleviation schemes like the MNREGA failed to accomplish it's objectives, it also discusses in detail many socio-economic issues like the impact of Globalization in India, the role of technology in shaping the future landscape and how India can harness its comparative advantages in the software services sector. Its highly recommended for any reader who has an active interest in the future of our country.

[Sovan · Rating 3 out of 5]

The Ex-RBI governor provides valuable insights into the development of the Indian Economy and laid down his vision into how India can progress ahead, battling through the bearings of Capitalism.

However, the emergence of India as a soft power, as its happening now, is something quite unprecedented.
The effects of global challenges bringing all the people of the world to cooperative action is a drastic, but welcome change.

[Vishal Kale · Rating 5 out of 5]

Emerging India – Economics, Politics & Reform is a book penned by the Former RBI Governor & Rajya Sabha member, Bimal Jalan. This is a slightly dated book, in that although it was compiled in 2012, it actually consists of a compilation of a series of lectures from the past 3-4 decades. These lectures and/or articles are those that were penned or delivered by the author at various fora. These include both top national institutions, ministry notes as well as international lectures as far apart as London and Sri Lanka. It is these two factors – the time period, snd the original source of the lecture, that makes this such a fascinating book, one well worth reading for everyone interested in the Indian Economy!


The book gives a deep and rather detailed look at the Indian Economy through the 70s especially, with much shorter glances at the 80s, before moving on to the 90s. This does leave one wanting for more, especially on the 80s period, which is the period when the first burst of Economic reforms took place in India. The lectures are all either of 70s vintage, or 90s onwards. There isn’t even a single lecture from the 80s so far as I can recall.


Read more : https://reflectionsvvk.blogspot.in/20...

[Sarath Ramakrishnan · Rating 3 out of 5]

Books is a collection of speeches and articles in various fora authored by former RBI Governor Bimal Jalan. Mr. Jalan offers mostly a technical view with respect to the various aspects of banking. When it comes to politics, his views are more generalised. He gives some good insight into the present problem plaguing the system and provides solutions. Some look to naive and simple-minded while others are more practical. This will not be the first book I would recommend if anyone asks for a book on Indian economy or administration. May be the 10th or 9th book.