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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.
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.
Rising to the China Challenge
Conflict has resurfaced on the china India border. the framework that had prevailed from 19988 to proceed with deep engagement which the boarder issued lay unresolved has come to an end. The events of Doklam and Ladakh are not the end of this story. India now faces the process of a hostile relationship with China. This is not just hostile relationship with China. This is not Just a problem of sending troops to leach this is a problem that will paly out on the strategic scale. it is difficulty for India to navigate these waters as China is substantially ahead of India in many aspects.
Indian Financial Markets
The whole world wants to invest in India. But how to do this successfully? Written by two Indian financial experts with a seasoned expert of the Chicago Mercantile Exchange, this book tells you the why and how of investing in India. It explains how India's financial markets work, discusses the amazing growth of the Indian economy, identifies growth drivers, uncovers areas of uncertainty and risk. It describes how each market works: private equity and IPOs, bonds, stocks, derivatives, commodities, real estate, currency. The authors include a discussion of capital controls in each section to address the needs of foreign investors. Learn about the the markets, the instruments, the participants, and the institutions governing trading, clearing, and settlement of transactions, as well as the legal and regulatory framework governing financial securities transactions. - Written by two life-long insiders who can explain India's financial markets to outsiders - Clear and comprehensive coverage of this economic powerhouse - Caters to the needs of foreign investors
Unshackling India
As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas-human capital, technology, agriculture, finance, trade, public service delivery and more-new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy. A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth, and chronic banking sector challenges have plagued the economy, exacerbated by the COVID-19 pandemic. It has also exposed the limitations of the Indian state, which tries to control too mu...
India's Long Road
"India's surge in high, well-sustained economic growth captured the world's attention for much of the period from the 1990s to the early 2010s. Often paired with China as being at the leading edge of emerging economies, the last few years have witnessed shortfalls in India's performance, which have also occurred in the cases of other "BRICS," namely, Brazil, Russia, and South Africa. India is now facing a possible fiscal crisis, higher inflation, greater concentration of economic wealth, and a slowdown in productivity. While its business sector remains vigorous, the Indian state has not yet found a viable way to fund food subsidies or come to grips with the costs of its employment guarantee ...
Public Institutions in India
The essays in this volume present an analytical appraisal of public institutions in India. The purpose here is not just to give a history of these institutions but to ask what explains their performance and what might be learnt from their experience. It assesses the manner in which they assist, thwart, manipulate, and subvert each other. The aim is to provide a complex account of the modalities through which state power is exercised and policy enacted. This study contributes to debates on institutional change and reform that are currently underway in India by bringing more analytical rigour and enlarging the parameters of the debate. These debates are particularly important given that Indian economy and society have changed profoundly in the last decade and a half. Much of the discussion is on how state institutions like the civil service, the courts, the police, parliament, and regulatory institutions will need to be reconfigured to better adapt to changing circumstances.
Of Counsel
For nearly four years, Arvind Subramanian stood at the centre of economic policymaking in India. Through the communication of big ideas and the publication of accessible Economic Surveys, he gained a reputation as an innovator. Through honest pronouncements that avoided spin, he became a figure of public trust. What does it entail to serve at the helm of the world's fastest-growing economy, where decision-making affects a population of more than a billion people? In Of Counsel: The Challenges of the Modi-Jaitley Economy, Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan a...
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.
Born with Wings
The dramatic, spiritual memoir of a prominent Muslim woman working to empower women and girls across the world—for readers of Malala Yousafzai and Azar Nafisi. Raised in a progressive Muslim family in the shadows of the Himalayan mountains, where she attended a Catholic girls’ school, Daisy experienced culture shock when her family sent her to the States to attend high school in a mostly Jewish Long Island suburb. Ambitious and talented, she quickly climbed the corporate ladder after college as an architectural designer in New York City. Though she loved the freedom that came with being a career woman, she felt that something was missing from her life. One day a friend suggested that she...
