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

ONOE: Anti-federalism or pro-reform?

The government`s move to implement ‘One Nation, One Election’ (ONOE) has ignited widespread debate. On one hand, it offers tangible benefits, such as removing the possibility of a governance paralysis and reducing election costs. On the other hand, the opposition and sections of civil society s

PM Surya Ghar: Muft Bijli Yojana completes first year

On February 13, 2025, the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) will mark its first anniversary, celebrating a year of empowering households with affordable solar energy and accelerating India’s transition to a sustainable future. Launched by prime minister Narendra Modi on Febru

How to leverage AI to solve urgent global issues

The world seems to be hurling towards World War III in all the possible scenarios: hot war, cold war, and proxy war. The battleground seems to have expanded beyond physical to digital or virtual/mixed reality with technology like drones. Moreover, the line between civilian and military targets seems to hav

Budget: Progress towards SDGs and areas for improvement

The Union Budget 2025-26 outlines India`s vision for economic and social growth while also reflecting the country`s commitment to sustainable development. As India moves closer to the 2030 deadline for the United Nations’ Sustainable Development Goals (SDGs), this budget presents a balanced approach

Repo rate cut by 25 basis points to 6.25%

The Reserve Bank of India has, for the first time in five years, reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25% with immediate effect. Consequently, the standing deposit facility (SDF) rate will stand adjusted to 6.00% and the marginal

Amitav Ghosh’s new work: Connections between the word and the world

Wild Fictions: Essays By Amitav Ghosh HarperCollins, 496 pages, Rs 799.00 Amitav Ghosh, one of a handful of Ind

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