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The Rise of the BJP
The Bharatiya Janata Party is an idea that was seeded into the minds of nationalist Jana Sangh leaders when they began to envision India after Independence. Much like the very core the freedom struggle was built on, they saw India as a demographically, culturally and historically cohesive and unified nation - as Bharat. In this book, senior BJP leader and cabinet minister Bhupender Yadav and leading economist Ila Patnaik come together to trace the BJP's journey from its humble roots, through ups and downs and to eventually getting 303 seats in Lok Sabha in 2019 and becoming the world's largest political party. While focusing on the larger economics and political story, the book encapsulates many smaller, yet hugely significant stories of individuals and incidents, which brought the BJP to where it stands now. For the first time ever, The Rise of the BJP, tells us the inside story of how one of the most powerful political parties makes decisions, implements ideas and executes policy. Meticulously researched and immensely readable, the book shows us how the BJP fought competing ideologies, political assaults and catapulted to the centre stage of national politics.
Managing Capital Flows
Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining c...
Capital Controls and Capital Flows in Emerging Economies
Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.
The New BJP
This book examines how the BJP became the world’s largest political party. It goes beyond the usual narrative of the party’s Hindutva politics to explain how, under Narendra Modi, the party reshaped the Indian polity using its own brand of social engineering. According to the findings of this book, this reconstruction was cleverly powered by new caste coalitions, the claim of a new welfare state that focused on marginalised social groups and the making of a women-voter base. Based on data from three unique indices—the Mehta–Singh Social Index, which studies the caste composition of Indian political parties; the Narad Index, which calculates communication patterns across topics and au...
Getting India Back on Track
Getting India Back on Track brings together some of India’s most accomplished analysts to spur a public debate about the reform agenda the new government should pursue in order to return the country to a path of high growth. It explores the challenges and opportunities faced by one of the most important–yet least understood–nations on earth and convenes some of India’s most leading policymakers to recommend policies in every major sector of the Indian economy. These seventeen focused and concise memoranda offer the next generation of leaders and the general public alike a clear blueprint for India’s future.
Randomized Control Trials in the Field of Development
Randomized Control Trials in the Field of Development provides a critical perspective on the use of randomized control trials in development and poverty alleviation policies, warning against their excessive use and proposing improvements and alternatives.
The Financial Sector in India
Considered the most sophisticated and complex part of the economy, the financial system keeps the entire economy functioning smoothly. This volume captures and analyzes developments and trends in the different components of this system, including equity markets, foreign exchange and commodity markets, banking and micro-finance sectors, and corporate governance.
Accelerators of India's Growth—Industry, Trade and Employment
This book offers a collection of distinguished contributions that identify current growth accelerators in India, and suggest policies and strategies to make India’s growth more sustainable and inclusive. The papers are divided into three sections, the first of which focuses on issues related to industrial growth in India. The discussions include India’s industrial development (manufacturing, construction and mining); role of manufacturing; global value chains; and of environment in industrial development. In turn, section II deals with issues related to trade and FDI as accelerators of India’s growth. The respective chapters explore the changing patterns of trade, impacts of technology, and spill-over effects of FDI, to name but a few. Lastly, the third section discusses employment-related issues like measurement of labour input, the dichotomy of the Indian labour market, the nature of firms and employment generation, and impacts of technology on employment. Given its scope and focus, the book offers an invaluable resource for researchers and policymakers alike.
Indian Financial Sector
This paper traces the story of Indian financial sector over the period 1950–2015. In identifying the trends and turns of Indian financial sector, the paper adopts a three period classification viz., (a) the 1950s and 1960s, which exhibited some elements of instability associated with laissez faire but underdeveloped banking; (b) the 1970s and 1980s that experienced the process of financial development across the country under government auspices, accompanied by a degree of financial repression; and (c) the period since the 1990s till date, that has been characterized by gradual and calibrated financial deepening and liberalization. Focusing more the third period, the paper argues that as a...
Resurging Asian Giants
The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.
