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India on the Growth Turnpike
With contributions by some of the leading Indian economists, bankers, and policy planners, this collection offers deep insights into the current critical macroeconomic and financial issues affecting that nation. Commemorating Dr. Vijay Laxman Kelkar’s unique contributions to the Indian economy and his key role in the financial sector reforms process in particular, this account covers a broad set of topics, such as fiscal, monetary, and external sector policies; infrastructure; financial inclusion; and education. This timely book will appeal to policy makers, political scientists, economists, and other social scientists conducting research and teaching courses in political economy, fiscal and monetary policy, development studies, public policy, and governance.
In Service of the Republic
As a $3-trillion economy, India is on her way to becoming an economic superpower. Between 1991 and 2011, the period of our best growth, there was also a substantial decline in the number of people below the poverty line. Since 2011, however, there has been a marked retreat in the high growth performance of the previous two decades.What happened to the promise? Where have we faltered? How do we change course? How do we overcome the ever-present dangers of the middle-income trap, and get rich before we grow old? And one question above all else: What do we need to do to make our tryst with destiny? As professional economists as well as former civil servants, Vijay Kelkar and Ajay Shah have spent most of their lives thinking about and working on these questions. The result: In Service of the Republic, a meticulously researched work that stands at the intersection of economics, political philosophy and public administration. This highly readable book lays out the art and the science of the policymaking that we need, from the high ideas to the gritty practicalities that go into building the Republic.
General Studies
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India
India is not only the world's largest and fiercely independent democracy, but also an emerging economic giant. But to date there has been no comprehensive account of India's remarkable growth or the role policy has played in fueling this expansion. India: The Emerging Giant fills this gap, shedding light on one of the most successful experiments in economic development in modern history. Why did the early promise of the Indian economy not materialize and what led to its eventual turnaround? What policy initiatives have been undertaken in the last twenty years and how do they relate to the upward shift in the growth rate? What must be done to push the growth rate to double-digit levels? To an...
