A good book on political history needs deeply researched content and clarity of thought. Midnight's Machines is a hurried attempt to tell a deeply complex journey of a nation onto the shoulders of Madan Mohan Malviya, M Viswesaraya, Vikram Sarabhai, and Nandan Nilekani. In short, it's a missed opportunity that is underwhelming and overpriced.
What 'Midnight's Machines' gets right: The book depicts a long history of strategic autonomy of the Indian state for procurement and development of technology from developed countries. The book exposes the inward-looking conservatism of the political leaders, a phalanx of experts lauding every policy decision, bureaucrats involved in the turf war, fear of job loss due to automation in labor unions, and a complete lack of exposure of the public to everyday technology.
What 'Midnight's Machines' missed: The book didn't mention the effect of technologies generated by ICAR institutions, the Universal Immunisation Programme promoted by the Indian state, and the role of the Indian state in the management of esteemed PSUs like BHEL, NTPC, etc. There are eight core sector industries — coal, crude oil, natural gas, refinery products, fertilizer, steel, cement, and electricity along with space exploration, telecommunications, and military manufacturing sectors that have a tremendous history of involvement in technology and intervention of the state. The book missed the mark by large in creating a story around them.
India’s technology regulatory environment is not driven by—consumer protection, market failures, information asymmetry, and externalities—but reflects what economist Cass Sunstein calls expressivist, where values rather than facts are used to make policy. Imaginative policy responses were shunned by the state but there was the creation of institutions of higher learning. The economies of scale was never achieved in technology due to the cold war restrain, socialist economy, and lack of forex reserves. India has today 103 unicorn start-ups but the state has to invest more in infrastructure, speed up and make more predictable its regulatory process, and stop letting politics drive economic decisions.