Reset: Regaining Indiaâ's Economic Legacy

Author :

Subramanian Swamy

Publisher:

Rupa Publications

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Publisher	Rupa Publications
Publication Year	2019
ISBN-13	9789353336516
ISBN-10	9789353336516
Binding	Hardcover
Number of Pages	200 Pages
Language	(English)
Weight (grms)	340
Subject	Economics

In 1970, at the request of a few Jan Sangh leaders including nanaji Deshmukh and jagannathrao Joshi, Subramanian Swamy prepared and presented a Swadeshi plan. The monograph vociferously demanded that socialism be sacrificed for a competitive market economic system, so India can grow at 10 per cent per year, achieve self-reliance, full employment and produce nuclear weaponry. The then prime Minister Indira Gandhi denounced the plan as dangerous. Fifty years later, Swamy redefines his path-breaking ideas on India-specific economic development in his seminal work, reset. It undertakes a nuanced analysis of the manner in which the highly prosperous Indian Economy witnessed a long, accelerated decline due to persistent British imperialist aggression, and compares the distinctive manner in which Asian giants—india and china—suffered at the hands of imperialism. He critically analyses the highs and lows of the Nehrus model of centralized economic planning borrowed from the Soviet Union, and the debilitating circumstances that impelled him, as commerce minister in prime Minister Chandra Shekhar’s government, to draw up a blueprint for economic reforms.

Subramanian Swamy

DR SUBRAMANIAN SWAMY is an economist with a PhD from Harvard University. He worked with Nobel Laureate Simon Kuznets and jointly published research with Nobel Laureate, Paul A. Samuelson. For several years, he taught graduate-level courses at Harvard University. He returned to India to be Professor of Economics at IIT, Delhi, but his scathing criticism of socialism and communism as being inapplicable in a democracy, invoked the ire of Prime Minister Indira Gandhi; and his professorship was terminated in 1973. However, in 1991, a Delhi court held the termination as null and void. But he resigned from this post after resuming his Chair for a day in order to participate full time in politics. Dr Swamy has been elected six times to the Lok Sabha and Rajya Sabha, three times each, respectively. As a Cabinet Minister twice in 1990–91 and 1994–96, he helped Prime Minister(s) Chandra Shekhar and Narasimha Rao to launch economic reforms. He is well versed in law and has successfully argued a large number of public interest litigations in the apex court and in several high courts, resulting in the prosecution of certain notable public figures, and for restoring Hindu temples and historical sites. His most recent book, Reset, published in 2019, about regaining India’s economic legacy, is a national bestseller.