A blueprint of India’s economic future: From a former RBI governor

Bimal Jalan’s new work sheds light priorities that the govt can implement to realise the potential of the nation’s economy

GN Bureau | June 24, 2022


#political economy   #politics   #Bimal Jalan   #Economy   #growth   #governance  
(Illustration: Ashish Asthana)
(Illustration: Ashish Asthana)

From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower
By Bimal Jalan
Rupa Publications, 184 pages, Rs 695

Bimal Jalan, a former governor of the Reserve Bank of India (RBI), has been one of our finest commentators on economy, known for lucid and reader-friendly analysis. In recent years, he has authored three books that give a broad-brush outline of India’s contemporary economic history: ‘India After Liberalisation: An Overview’ (2021), ‘India Reckoning: Rewards and Discontents of Democracy’ (2021), and ‘India Then and Now: An Insider’s Account’ (2020). His latest work, ‘From Dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower’, “continues the strand of thought of” those three works, as he writes in the preface.

In particular, the new book aims to add to “the ongoing debate about India’s approach to future economic growth, as well as governance and political issues in the twenty-first century”.

With the BJP government in the second term with an unprecedented popularity across the country and majority in Parliament, the political profile of the government has undergone a major change. The government, with an unambiguous mandate, is now in a position to launch political reforms on its own without relying on the discretionary powers of members belonging to other parties. ‘From Dependence to Self-Reliance’ sheds light on some of the priorities that the government can implement at present, as well as in the future, in light of past experience.

Based on extensive research and data, this book provides a way forward to developing India as an economic stronghold. Its ten chapters are divided into three sections: Economy, Governance and Politics, covering a gamut of changes that have taken place since India gained independence and how these changes have had a ground-breaking impact on the development of the nation. It is a must-read to gain an in-depth understanding of India’s rise to power in the realm of economy, politics and technology.


 

Comments

 

Other News

“World headed towards stagflation; India must take care of the poor”

As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest

The changing nature of CSR in India

With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f

BMC commissioner Chahal conferred with hon. doctorate

BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab

Sebi to have two-track approach on ESG

Securities and Exchange Board of India (Sebi) aims to use a two-track approach on environmental social and corporate governance (ESG). Addressing a conference on ‘ESG for Atmanirbhar Bharat` in Mumbai, Sebi chairperson Madhabi Puri Buch said that that there should not be a single carbo

Accuracy more important than speed in news: Anurag Thakur

Presenting authentic information is the prime responsibility of media and that facts should be properly checked before they are put in the public domain, union minister of information and broadcasting Anurag Thakur has said. “While speed with which the information is transmitted is imp

FM concludes pre-budget consultations

Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter