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An enlightening read written by Bimal Jalan, Emerging India: Economics, Politics And Reforms covers 20 years of economic policies and reforms, starting from the early 90s to the beginning of the 21st century.
Summary Of The Book
The 90s were a period of liberalization and transformation for the Indian economy. The author starts tracing the trajectory that punctuates the noteworthy high and low points, their causes and relevance in this book. He studies the relation between the political and economic reforms along with the accompanied growth. He also details the important and popular events that had implications on the country's growth and stability.
In Emerging India: Economics, Politics And Reforms, Bimal Jalan analyses the prevalent policies of those times, and also evaluates them as per their effects on the economy. He says that India's future probability of emerging as a superpower stems from the sharp swings of the country's fortunes over the years.
Furthermore, the writer has imparted an individualistic approach in writing this book. He pragmatically dissects the policies subtly to inspire the common individual to actively contribute to the economic growth instead of passively reflecting on the changes made. Along with highlighting the positive points of the system, he also talks about how the inflation crisis is setting in quite often, a situation where individuals are considered potent sources and contributors.
Emerging India: Economics, Politics And Reforms talks about the various problems of the country and brings them to light for the reader. The author talks about the huge potential of the country and focusses on the imminent problems that have probable solutions. His principal thought is that the country has the capacity to develop faster than ever if the right kind of policies are used.
About Bimal Jalan
Bimal Jalan is an economist, author and former member of the Rajya Sabha. Some of his other books include Future Of India: Politics, Economics, & Governance, India's Politics: A View From The Backbench, India's Economic Policy, and The Indian Economy.
He was born on the 17th of August, 1941. Having graduated from Presidency College, Calcutta, he later studied in Cambridge and Oxford universities. Jalan held several administrative positions in India in the 1980s such as the Chief Economic Adviser, Banking Secretary and Finance Secretary, and was also one of the Board of Directors of RBI (Reserve Bank of India). He has also been a Governor of the Reserve Bank of India and a member of the Rajya Sabha. He was also nominated as the Chairman of the Economic Advisory Council to the Prime Minister from 1991 to 1992.