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India’s Economic Policy

India’s Economic Policy

Jalan; Bimal
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A lucid and brilliantly-argued book on India’s recent economic reforms Nearly fifty years after independence, India remains a very poor country. It ranks near the bottom in terms of per capita income, and is similarly placed in the Human Develoent Index which measures social well-being. Economic growth in India has been less than half that of China or even other countries in Asia. And governments, at the Centre as well as in the states, are close to insolvency. The reason for our spectacular underachievement lies in the continuation of policies which had a certain validity as a response to the colonial experience, but which have long outlived their usefulness. The global economic scene has changed dramatically since they were formulated, and we must respond to the new realities. Bimal Jalan, the well known economist and present Governor of the RBI, in this lucid and well-argued book, makes a case for governments doing what they alone can best do, and less of what they cannot do effectively.

Imprint: India Penguin

Published: Oct/2000

ISBN: 9780140260069

Length : 240 Pages

MRP : ₹299.00

India’s Economic Policy

Jalan; Bimal

A lucid and brilliantly-argued book on India’s recent economic reforms Nearly fifty years after independence, India remains a very poor country. It ranks near the bottom in terms of per capita income, and is similarly placed in the Human Develoent Index which measures social well-being. Economic growth in India has been less than half that of China or even other countries in Asia. And governments, at the Centre as well as in the states, are close to insolvency. The reason for our spectacular underachievement lies in the continuation of policies which had a certain validity as a response to the colonial experience, but which have long outlived their usefulness. The global economic scene has changed dramatically since they were formulated, and we must respond to the new realities. Bimal Jalan, the well known economist and present Governor of the RBI, in this lucid and well-argued book, makes a case for governments doing what they alone can best do, and less of what they cannot do effectively.

Select Preferred Format

Jalan; Bimal

Bimal Jalan is one of India’s well-known economists. He was Governor of the Reserve Bank of India from 1997 to 2003, demitting office on his nomination to the Upper House of Parliament by the President for distinguished service to the country. He has held several top positions in the ministries of finance and industry and in the Planning Commission. He was also Chairman of the Economic Advisory Council to the Prime Minister and represented India on the boards of the Internation Monetary Funds and the World Bank im Washington DC. his recent publications includes India's Economic Crises: The Way Ahead (Oxford University press 1991) and, as editor ,The Indian Economy: Problems and prospects (Penguin 1993) Bimal Jalan was educated at Calcutta, Cambridge and Oxford Universities.