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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.
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.
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...
Grasping Greatness
Since its independence in 1947, India's leaders have sought to grasp the greatness that the country seemed destined for. India's first prime minister, Jawaharlal Nehru, articulated these aspirations early on but, overwhelmed by development challenges, his successors focused largely on domestic concerns rather than on global leadership. The post-1991 era saw India positioned for the first time in many decades as an economic success, suggesting that it was on the cusp of breaking out as a global player. The twenty-odd years following the 1991 reforms were heady for India. Based on the expectation that India was now poised to ascend as a major power, Prime Minister Narendra Modi-less than a yea...
Monetary and Currency Policy Management in Asia
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for ...
Business Cycles in BRICS
This volume focuses on the analysis and measurement of business cycles in Brazil, Russia, India, China and South Africa (BRICS). Divided into five parts, it begins with an overview of the main concepts and problems involved in monitoring and forecasting business cycles. Then it highlights the role of BRICS in the global economy and explores the interrelatedness of business cycles within BRICS. In turn, part two provides studies on the historical development of business cycles in the individual BRICS countries and describes the driving forces behind those cycles. Parts three and four present national business tendency surveys and composite cyclical indices for real-time monitoring and forecasting of various BRICS economies, while the final part discusses how the lessons learned in the BRICS countries can be used for the analysis of business cycles and their socio-political consequences in other emerging countries.
Randomized Control Trials in the Field of Development
In October 2019, Abhijit Banerjee, Esther Duflo, and Michael Kremer jointly won the 51st Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their experimental approach to alleviating global poverty. But what is the exact scope of their experimental method, known as randomized control trials (RCTs)? Which sorts of questions are RCTs able to address and which do they fail to answer? The first of its kind, Randomized Control Trials in the Field of Development: A Critical Perspective provides answers to these questions, explaining how RCTs work, what they can achieve, why they sometimes fail, how they can be improved and why other methods are both useful and necessary. Br...
Pan-Islamic Connections
South Asia is today the region inhabited by the largest number of Muslims---roughly 500 million. In the course of the Islamisation process, which begaun in the eighth century, it developed a distinct Indo-Islamic civilisation that culminated in the Mughal Empire. While paying lip service to the power centres of Islam in the Gulf, including Mecca and Medina, this civilisation has cultivated its own variety of Islam, based on Sufism. Over the last fifty years, pan-Islamic ties have intensified between these two regions. Gathering together some of the best specialists on the subject, this volume explores these ideological, educational and spiritual networks, which have gained momentum due to po...
