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An Economist in the Real World: The art of policymaking in India
Appointed as the chief economic adviser (CEA) to the Government of India in 2009, Basu—a theorist, with special interest in development economics, and a professor of economics at Cornell University—discovered the complexity of applying economic models to the real world. Effective policymaking, Basu learned, integrates technical knowledge with political awareness. In this book, he describes the art of economic policymaking, viewed through the lens of his two and a half years as CEA.
265 pages, Kindle Edition
First published September 1, 2015
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689 people want to read
About the author
Kaushik Basu
73 books59 followersKaushik Basu (born 9 January 1952) is an Indian economist who is currently the Chief Economic Adviser to the Government of India and is also the C. Marks Professor of International Studies and Professor of Economics and, till recently, he was Chairman of the Department of Economics and Director, Center for Analytic Economics at Cornell University.
He is Editor of Social Choice and Welfare, Associate Editor of Japanese Economic Review and is on the Board of Editors of the World Bank Economic Review. In 2008, the Government of India awarded him the Padma Bhushan, one of the country's highest civil honors.
He is Editor of Social Choice and Welfare, Associate Editor of Japanese Economic Review and is on the Board of Editors of the World Bank Economic Review. In 2008, the Government of India awarded him the Padma Bhushan, one of the country's highest civil honors.
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Displaying 1 - 30 of 30 reviews
June 17, 2016
Excellent read. Particularly found the chapter on agricultural pricing and MSP determination to be instructive (and enjoyable). Throughout the book, then overwhelming sense is that policy design should - for the largr part - seek to harness natural tendencies of society, rather than control it. "Be like water", to quote Bruce Lee.
May 28, 2017
I was hoping when I picked up a copy of this book that it would be an account of how problems in the Indian economy are identified, a theoretical framework for a policy is drawn, how that policy gets tested, implemented, analysed, and adapted. Basu aims to do much more than that: in the book he has given a roadmap to build a better (Indian) economy for the future.
This, however, begs the question as to who the intended audience was for the book: clearly a layman or an engineering student like me with an interest in the Indian economy and some time to kill can do very little to influence public policy after having gone through the book (Basu actually notes this in the preface, where he mentions that he hopes "it will be useful for policymakers and political leaders to mull over and use").
The book also reveals flaws in our current understanding of economics, and suggests new directions for research to correct this.
I should warn the interested reader coming from a non-economics background that the book is not an easy read: you have to have a good understanding of demand and supply curves, what causes the price to move along the curve and what causes the curve to shift (and be able to differentiate between the two). This however is in contrast to the simplicity and brilliance of the solutions that have been proposed by Basu (though only in theory) to solve setbacks in the Indian economy, and is sure to leave you wondering why such a policy wasn't implemented in the first place.
While some of the suggestions that Basu puts forward might seem a little far-fetched (at least for an engineering student with little experience in economics) they're surely not without merit. For example, Basu has suggestions on improving the education system in India (though by advocating radical changes, such as changing the system of having a flat pay scale for all teachers, professors and researchers in all universities across the length and breadth of the nation).
For the economist sitting in the right government job capable of influencing India's economic policies, this book will be nothing short of enlightenment. They will do well to keep this book on their tables. For the others, this will "just" be a recommended read if you're interested in knowing more about India's economic hurdles and ways to tackle them.
This, however, begs the question as to who the intended audience was for the book: clearly a layman or an engineering student like me with an interest in the Indian economy and some time to kill can do very little to influence public policy after having gone through the book (Basu actually notes this in the preface, where he mentions that he hopes "it will be useful for policymakers and political leaders to mull over and use").
The book also reveals flaws in our current understanding of economics, and suggests new directions for research to correct this.
I should warn the interested reader coming from a non-economics background that the book is not an easy read: you have to have a good understanding of demand and supply curves, what causes the price to move along the curve and what causes the curve to shift (and be able to differentiate between the two). This however is in contrast to the simplicity and brilliance of the solutions that have been proposed by Basu (though only in theory) to solve setbacks in the Indian economy, and is sure to leave you wondering why such a policy wasn't implemented in the first place.
While some of the suggestions that Basu puts forward might seem a little far-fetched (at least for an engineering student with little experience in economics) they're surely not without merit. For example, Basu has suggestions on improving the education system in India (though by advocating radical changes, such as changing the system of having a flat pay scale for all teachers, professors and researchers in all universities across the length and breadth of the nation).
For the economist sitting in the right government job capable of influencing India's economic policies, this book will be nothing short of enlightenment. They will do well to keep this book on their tables. For the others, this will "just" be a recommended read if you're interested in knowing more about India's economic hurdles and ways to tackle them.
December 24, 2015
An Economist in the Real World es un libro divertido e inteligente en el cual Kaushik Basu narra su experiencia como hacedor de políticas públicas en la India. Basu narra sus aventuras tratando de "traducir" el entendimiento teórico del campo de la economía a la vida real donde en algunas ocaciones resulta irreal pero en otras el entendimiento teórico es justo lo que hacia falta.
Kaushik Basu es uno de los economistas teóricos más prominentes en la disciplina por lo que resulta sumamente divertido leer sobre como la teoría económica bien entendida y sujeta a una lógica rigurosa puede ayudarnos a resolver algunos de los problemas más persistentes y sutiles en el mundo en desarrollo.
En el libro Basu retoma algunas de sus ideas más conocidas como la ley como punto focal, el argumento de los grandes números en el principio de libre contratación y busca explicar el desarrollo desde lo que el llama "la plomería de la casa" desde los pequeños detalles que son los que suelen descarrilar políticas públicas bien intencionadas pero no lo suficientemente entendidas.
Para el lector que esta interesado en temas de desarrollo económico tanto en lo teórico como en la practica del día a día y en conocer un poco más sobre la India en los últimos años el libro es muy placentero.
Kaushik Basu es un pensador muy profundo sobre la realidad social en el mundo, muy en la tradición de Amartya Sen, actualmente es economista en jefe del Banco Mundial y su primer Vicepresidente.
Kaushik Basu es uno de los economistas teóricos más prominentes en la disciplina por lo que resulta sumamente divertido leer sobre como la teoría económica bien entendida y sujeta a una lógica rigurosa puede ayudarnos a resolver algunos de los problemas más persistentes y sutiles en el mundo en desarrollo.
En el libro Basu retoma algunas de sus ideas más conocidas como la ley como punto focal, el argumento de los grandes números en el principio de libre contratación y busca explicar el desarrollo desde lo que el llama "la plomería de la casa" desde los pequeños detalles que son los que suelen descarrilar políticas públicas bien intencionadas pero no lo suficientemente entendidas.
Para el lector que esta interesado en temas de desarrollo económico tanto en lo teórico como en la practica del día a día y en conocer un poco más sobre la India en los últimos años el libro es muy placentero.
Kaushik Basu es un pensador muy profundo sobre la realidad social en el mundo, muy en la tradición de Amartya Sen, actualmente es economista en jefe del Banco Mundial y su primer Vicepresidente.
September 1, 2021
Kaushik Basu was India’s Chief Economic Adviser between 2008- 2010. This book is attractive because Basu brings insights from philosophy and political theory to bear on economic issues. In this regard Basu is like Amartya Sen or even Adam Smith. He writes in an accessible and engaging way.
Basu is not a market fundamentalist. He believes that through the right economic policies, the state can use the market forces to achieve desirable outcomes. He expresses it memorably: “Good policy consists in exploiting laws of the market not denying that they exist.”
His solution to the problem of corruption is emblematic of his general approach to economic problems. Basu proposes that instead of penalising both the bribe taker (a public servant) and bribe giver, in situations of ‘harassment bribery’, the bribe taker alone should be penalised. Basu argues that this will dis-incentivise bribe taking by public servants. When he actually proposed amendments to India's Anti corruption laws along these lines, all hell broke loose and he was accused of encouraging bribery.
The state should not try to do every thing, it should co-opt the market and businesses through the right policies. “The policy maker’s task is to harness the profit making urge of private individuals and corporations to generate socially valuable goods and services.” He reminds all well intentioned but ambitious statesmen that “the biggest policy blunders in history such as China’s Great Leap Forward in 1958 which unleashed the most severe famine in recorded history or the ill conceived reparations policy that led to the German hyper inflation of 1923 occurred because leaders over estimated their knowledge and ability.”
Basu is not a market fundamentalist. He believes that through the right economic policies, the state can use the market forces to achieve desirable outcomes. He expresses it memorably: “Good policy consists in exploiting laws of the market not denying that they exist.”
His solution to the problem of corruption is emblematic of his general approach to economic problems. Basu proposes that instead of penalising both the bribe taker (a public servant) and bribe giver, in situations of ‘harassment bribery’, the bribe taker alone should be penalised. Basu argues that this will dis-incentivise bribe taking by public servants. When he actually proposed amendments to India's Anti corruption laws along these lines, all hell broke loose and he was accused of encouraging bribery.
The state should not try to do every thing, it should co-opt the market and businesses through the right policies. “The policy maker’s task is to harness the profit making urge of private individuals and corporations to generate socially valuable goods and services.” He reminds all well intentioned but ambitious statesmen that “the biggest policy blunders in history such as China’s Great Leap Forward in 1958 which unleashed the most severe famine in recorded history or the ill conceived reparations policy that led to the German hyper inflation of 1923 occurred because leaders over estimated their knowledge and ability.”
January 8, 2017
The byline is censored, what Basu would've written given his way would be 'the rather fauvist art of policymaking in India'. He doesn't shy away from pointing out the many incompetencies to errors in decision making to the difficulty in communicating messages with self-prophesying tendencies. true to the tile, he writes like an academic, rich with detail and a liberally long reference list and seems to most importantly convey to people (at times with impatience with policy-makers' crude tools) that they'd better read more and 'know' less.
September 7, 2020
A bit of false advertising in the book blurb. I expected something of a memoir of Basu's work as Chief Economic Advisor in India. Stories, anecdotes, policy decisions—an inside look at the work of a government economist. There is very little of that. Instead, this is largely a dry presentation of standard economics, occasionally tied to India but rarely tied to anything Basu did.
> Sky-high tariffs blocked imports. Scarred by the East India Company, which came to trade with India in the seventeenth century and stayed on to rule the nation for more than two centuries, we blocked foreign direct investment (FDI) from coming in from any multinational corporation to India. And to make sure that these barriers were not violated we strung the economy up in rules, regulations, and permits. India used to be referred to as the "permit raj."
> Her ideology was a broadly socialist one, though the term "socialism," as always in India, was used loosely to connote a redistributive system with reliance on heavy industry, rather than in the original sense of ownership of the means of production being in the hands of the state. It is during this phase of "Indira Gandhi Ι" that we find her nationalizing banks and attempting to nationalize grain trade
> Despite the success of the economy, Indira Gandhi's Emergency began running into trouble soon enough. Indians were already too used to democratic rights to tolerate the indiscriminate silencing of voices of dissent and the imprisonment of opposition leaders. The anger started mounting. Then a program of forced family planning, coordinated by Sanjay Gandhi, had a massive negative backlash. The government's popularity was clearly on the wane. In 1977 Indira Gandhi announced something that few leaders at the peak of authoritarian control ever did—a free and open election. Many felt it was her hubris that led her to believe that the opposition to her came from a minority elite and that, put to vote, she would win. As it happened, she lost the election.
> As the preceding account makes amply clear, the period from 1991 to 1993 represents a watershed in India's economic development and a large part of the credit for this goes to the then Finance Minister Manmohan Singh. Since I write this soon after the fall of a government led by Singh as prime minister, I am aware that most readers today will be in no mood to pay tribute to him
> Sky-high tariffs blocked imports. Scarred by the East India Company, which came to trade with India in the seventeenth century and stayed on to rule the nation for more than two centuries, we blocked foreign direct investment (FDI) from coming in from any multinational corporation to India. And to make sure that these barriers were not violated we strung the economy up in rules, regulations, and permits. India used to be referred to as the "permit raj."
> Her ideology was a broadly socialist one, though the term "socialism," as always in India, was used loosely to connote a redistributive system with reliance on heavy industry, rather than in the original sense of ownership of the means of production being in the hands of the state. It is during this phase of "Indira Gandhi Ι" that we find her nationalizing banks and attempting to nationalize grain trade
> Despite the success of the economy, Indira Gandhi's Emergency began running into trouble soon enough. Indians were already too used to democratic rights to tolerate the indiscriminate silencing of voices of dissent and the imprisonment of opposition leaders. The anger started mounting. Then a program of forced family planning, coordinated by Sanjay Gandhi, had a massive negative backlash. The government's popularity was clearly on the wane. In 1977 Indira Gandhi announced something that few leaders at the peak of authoritarian control ever did—a free and open election. Many felt it was her hubris that led her to believe that the opposition to her came from a minority elite and that, put to vote, she would win. As it happened, she lost the election.
> As the preceding account makes amply clear, the period from 1991 to 1993 represents a watershed in India's economic development and a large part of the credit for this goes to the then Finance Minister Manmohan Singh. Since I write this soon after the fall of a government led by Singh as prime minister, I am aware that most readers today will be in no mood to pay tribute to him
March 24, 2016
I was looking for something different to read on my last visit to the bookstore and after my usual disappointment with the assortment of books, my gaze fell upon a pile of this newly arrived book. I found the title and the summary on the flap intriguing and was thrilled to know about the adventures of an outsider - erudite and intellectual, much revered economist in the dark and heartless world of politics in an era when it looked particularly glum for Indian politics with the scandals churning out every other day.
However, thankfully, Dr Kaushik Basu’s book did not provide any of that thrill. Instead it was a insightful sojourn into the intricate economic life of a nation with particular focus on development, policy making, game theory as it relates to policy making, etc with concepts elucidated with author’s emblematic erudition and unmatched ability to explain and hence persuade the reader.
The book is built on Basu’s experiences as Chief Economic Advisor to the government of India from 2009 to 2012 when he left his world of teaching and research to understand intricacies of and with his expertise to contribute to running a real economy undergoing a very interesting phase of its economic life.
The book raises important and oft repeated questions facing any developing country like growth and equality, globalization and sovereignty, laws and corruption, policy making and politics, etc. What sets apart this book is that it’s firmly grounded in economic theory when raising questions as well as while making policy prescriptions, however the author realizes importance of non-theoretical factors’ role in the success of policies and incorporates them into his recommendations. A broader theme which runs through the book is to understand important of context, and finding right balance between markets and regulations in any area of economic policy making.
The text is not a passionate one but is abundant in economic wisdom which makes the book an excellent and essential reading for anyone interested in growth stories, economics, policy making. I revisited the earlier studied curious world of theoretical macroeconomics applied to contemporary India and enjoyed every bit of it.
However, thankfully, Dr Kaushik Basu’s book did not provide any of that thrill. Instead it was a insightful sojourn into the intricate economic life of a nation with particular focus on development, policy making, game theory as it relates to policy making, etc with concepts elucidated with author’s emblematic erudition and unmatched ability to explain and hence persuade the reader.
The book is built on Basu’s experiences as Chief Economic Advisor to the government of India from 2009 to 2012 when he left his world of teaching and research to understand intricacies of and with his expertise to contribute to running a real economy undergoing a very interesting phase of its economic life.
The book raises important and oft repeated questions facing any developing country like growth and equality, globalization and sovereignty, laws and corruption, policy making and politics, etc. What sets apart this book is that it’s firmly grounded in economic theory when raising questions as well as while making policy prescriptions, however the author realizes importance of non-theoretical factors’ role in the success of policies and incorporates them into his recommendations. A broader theme which runs through the book is to understand important of context, and finding right balance between markets and regulations in any area of economic policy making.
The text is not a passionate one but is abundant in economic wisdom which makes the book an excellent and essential reading for anyone interested in growth stories, economics, policy making. I revisited the earlier studied curious world of theoretical macroeconomics applied to contemporary India and enjoyed every bit of it.
November 25, 2016
The chapter on Law and Economics was really good. The author took upon the enormous task of weaving together all the domains of economics that bear on policy making. It's not consistently well done but the added perspective of Basu's own experience as Chief Economic Advisor of India enriches our understanding of the many hurdles that face us when trying to "solve" problems of development and economic growth (and how trying to trivialize any such problem is a recipe for disaster). A solid read.
April 13, 2021
Probably this is the most readable account of Indian Economic problems that exists.
It's difficult for economists to write in a lucid manner that everyone can understand because they are not used to it, but Basu does that exceedingly well.
Something that is very evident in the book is the wit of Kaushik Basu. It's highly informative, yet very readable, filled with a few his personal life experiences. He also has a great sense of humor so that helps.
It tackles on various problems that the economy faces; food inflation, poverty, infrastructure investment, globalization, finance as "nuts and bolts to the economy", failure of India to implement contracts etc. I especially loved the last 3 chapters on contracts, law and economics and social and organisational foundations of economy.
This book is more about breadth than depth, so if you want to get into Indian Economy then this is a treat but if you have read a lot of it already then you can consider skipping this one.
It's difficult for economists to write in a lucid manner that everyone can understand because they are not used to it, but Basu does that exceedingly well.
Something that is very evident in the book is the wit of Kaushik Basu. It's highly informative, yet very readable, filled with a few his personal life experiences. He also has a great sense of humor so that helps.
It tackles on various problems that the economy faces; food inflation, poverty, infrastructure investment, globalization, finance as "nuts and bolts to the economy", failure of India to implement contracts etc. I especially loved the last 3 chapters on contracts, law and economics and social and organisational foundations of economy.
This book is more about breadth than depth, so if you want to get into Indian Economy then this is a treat but if you have read a lot of it already then you can consider skipping this one.
September 7, 2018
Exceptional introduction to Macroeconomics and policy-making in the Indian context but the monograph could have used a little more work in how it introduced ideas. You can't speak of Games and Nash Equilibrium earlier on in the book and only properly define it later towards the end. Sure, the notes and references help but I still think it could be jarring to someone who is not already familiar with the concepts and if you were going to do it anyway, why delay it? And I will say nothing of the way numerous other terms from the theory get thrown around after a smooth, succinct explanation which makes you feel like you ran in to a brick wall but other than that, the spinning of analogies, real-life examples with new and old insights to explain Economics, India and her economic story make this a very quick, engaging, illuminating read.
November 10, 2023
A very enjoyable book. Kaushik tried to provide a broad overview of how policymakers should think about the range of issues in their remit, like inflation, food policy, debt, and the law. He is a brilliant writer, so readers of all stripes can follow the basics of the argument without being buried in much technical jargon. His insight on a focal point to the law is very good and useful in a developing country context. What I'd have like to read more is how policymakers get things done in the face political opposition and entrenched interest in a previous status quo. But nevertheless, this is good book to have in your thinking kit, if you work in development in any role, or just a citizen that want to ask great questions on policy.
July 8, 2019
Indeed the in depth description of plight of indian economy has been very well brought onto the paper and how various factors have contributed towards it . Book also brings a comparative analysis on the various fiscal decisions pertaining to the fact that though they are taken on the pretext to provide for benefit of the citizenry as populistic measure ends up in enhancing the predicament of the citizens . Book carefully lays out the panacea to various aspects of Indian economy that real economist needs to keep in mind prior to formulation of the growth strategy for the country.
April 14, 2020
Clear and enjoyable to read, filled with interesting anecdotes and lessons learnt from policy issues, ranging from fiscal and monetary policy to food supply and demand, which the author had faced. I thought the author did a particularly good job of blending economic theory with practical considerations and describing this process in real world scenarios.
September 22, 2019
The writing is stylish and engaging, however ,I found the book wanting in substance.
October 13, 2020
A wonderful book on bahavioral and practical economics with example of Indian policymaking
April 1, 2021
This book taught me more than the one year of college that touted to teach "real world Economics"
November 13, 2016
Would've rated zero if I could.
Nonsensical book.
Nonsensical book.
March 12, 2017
Mr Basu writes in a way that makes sure no one is left behind when it comes to understanding concepts that one may have never come across, being a novice in economics is no impediment for majority of the portion of the book. As a person who is reading such a book for the first time (for leisure), it was a very informative read with the author's command over English and more importantly, current affairs, making it a captivating account of how economic policies make or break a system, and how it ultimately affects the common man. Highly recommended.
February 16, 2017
Happy to share that I just finished my 50th book. YAY ! so here is the review:
Kaushik Basu has an impeccable academic credentials. Book starts with Mr. Basu arriving at North block as Chief Economic Adviser (CEA) to the Government of India. It's great that he shared his own experiences, book is easy and an insightful read for someone who has rudimentary knowledge about India's fiscal and monetary policies, Inflation , globalization etc. but the only disappointment was my expectations after the tag line "Art of policy making in India" and in book he hardly shared any insider account. So don't expect anything controversial as most of the things he shared are very generic and not just restricted to Indian economy.
Kaushik Basu has an impeccable academic credentials. Book starts with Mr. Basu arriving at North block as Chief Economic Adviser (CEA) to the Government of India. It's great that he shared his own experiences, book is easy and an insightful read for someone who has rudimentary knowledge about India's fiscal and monetary policies, Inflation , globalization etc. but the only disappointment was my expectations after the tag line "Art of policy making in India" and in book he hardly shared any insider account. So don't expect anything controversial as most of the things he shared are very generic and not just restricted to Indian economy.
July 9, 2016
The book starts with the author's experiences of being a part of North Block in Delhi, which happens to take the most important decisions of the country. As you move gradually, the writing becomes little technical and then towards the end, the author resorts to narrative and his recommendations. Certainly not obsessed with GDP and per capita income, the author emphasizes on non-economic drivers of economic development such as laws and their effective implementation, social norms, institutions. The book does comment on education in context of privatization and the role of government.
At one point, the author elaborates on the contracts, their importance of effective execution for economic development, and the Pareto optimals. It talks about "voluntary" sexual harassment by signing a contract with employer for being/ not being harassed at the work place. The author seems to be believe that the employee should make a decision about being harassed while getting higher wages. The author quotes "if the (the employee) feel that pain is worth the extra money, it is their right to make that decision." Reaslizing that many would find it an absurd suggestion, the author further states that "I like to believe most human beings feel uneasy with these libertarian rules."
I am indeed amazed how author likes to believe the idea of voluntary sexual harassment and considers it as a libertarian rule.
At one point, the author elaborates on the contracts, their importance of effective execution for economic development, and the Pareto optimals. It talks about "voluntary" sexual harassment by signing a contract with employer for being/ not being harassed at the work place. The author seems to be believe that the employee should make a decision about being harassed while getting higher wages. The author quotes "if the (the employee) feel that pain is worth the extra money, it is their right to make that decision." Reaslizing that many would find it an absurd suggestion, the author further states that "I like to believe most human beings feel uneasy with these libertarian rules."
I am indeed amazed how author likes to believe the idea of voluntary sexual harassment and considers it as a libertarian rule.
December 20, 2016
The subtle art of policy making is something that eludes the Indians all the time. We believe in making things as complicated as it can get. For a penny to be delivered by the government to a deserving person of the society it in most cases ends up spending ten times the money because of its illogical and unnecessary delivery mechanisms, which is a direct result of improper policy making. This book shows a pragmatic way to deal with the systemic issues that plague the policymaking in India. Though this book cannot in any manner be treated as a comprehensive treatise on the subject, it does provide some valuable insights into it. I was disappointed by the fact that humungous scope provided by the subject matter has not been exploited properly, wantonly, if I am right, just to keep it short and crisp. Though I had a lot of ideological differences in the proposals that he puts forth in the final chapter, I was simply not able to refuse the force of those arguments purely due to the reasoning that he provides. Though not a must read it surely a great book for anyone who wishes to have an insider view of the subject.
May 22, 2016
There are books dealing with policy making that delve into too much theory and then they are books that take you through policy making case by case. An Economist in the Real World is just the right balance between these two extremes. Through beautifully explained cases and simple, easy to understand economic theory Kaushik Basu drives the point home about the complexities of policy making in a country like India. This book talks about the micro foundations of what is normally considered the realm of pure macroeconomics. Whether it be inflation, education or food policy, Basu explains how when making policies at a macro level the bureaucracy ignores the micro issues resulting in some of the best intentioned policies failing. At the end of the book, you won't have a ready made set of targets and methods to pursue them but a framework of how to approach the issues.
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March 4, 2016One of the most exciting book on basics of policy making in India.It goes into the depth of each faults within policy making and explaining in depth with precise theories about corrective measures.Although India is in track with some corrective measures being already taken in this respect but we are going to need much expertise in correcting our policies ahead.
January 9, 2021
Really interesting book to read, especially the parts where the author shares the anecdotes from his own experience in the Govt ranks. The chapter on Food security, Inflation, and contracts/laws etc did give me new insights. The writing style is lucid and easy to grasp, even for people with little or no background in economics.
March 30, 2020
I expected this book to be some sort of a journal or memoir, which it is not. However, if economics and policymaking interest you, this book is sure to give you some very useful and refreshing insights based on simple reasoning and common sense.
December 31, 2016
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September 5, 2016
A fascinating read on the art of policymaking exploring what developing countries, and in particular, India, can to do to take the road towards an economic takeoff.
May 28, 2016
What goes on in the minds of people who are behind all the policies? An insightful book by former Chief Economic Advisor for India.
May 29, 2016
amazing book.
April 23, 2017
Nice read about India, its economic policies over past 3 decades and its impact. A little dry and repetitive. Good first read if you like to know what affects country's economy as a whole.
Displaying 1 - 30 of 30 reviews