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The Indian Economy
The Indian Economy: Problems and Prospects, first published in 1992, looks at the country's economy and the resolved fiscal crisis from a historical perspective. Edited and updated with a new Introduction by Bimal Jalan, the book retains the thirteen essays written by eminent economic thinkers in 1991 and 1992 in their original form as they provide a comprehensive overview of India's economic development since Independence and answer questions on key economic issues that are as relevant today as they were at that time. Bipan Chandra conducts a historical survey of fiscal developments during the colonial period, the late V.M. Dandekar evaluates India's economic performance from 1950 to 1990, and Rakesh Mohan traces the history of industrial controls from the pre-independence era. Also included are essays by C.H. Hanumantha Rao, C. Rangarajan and Narendra Jadhav, Raja Chelliah, Sudipto Mundle and M. Govinda Rao, Jyoti and Kirit Parikh, Pravin Visaria, T.S. Papola, Pranab Bardhan and Kaushik Basu. In his revised Introduction, Bimal Jalan assesses the country's economic progress since 1991, examines crucial events and their relative significance. Exploring diverse aspects of the Indian economy as well as the political, institutional and legal implications of economic reforms, these insightful and revelatory essays will be of enormous interest to experts and the general reader alike.
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India Then And Now
An inward-looking economy with a State-dominated development programme to a liberalized economy operating in a globalized world—India has indeed come a long way since Independence. In this volume, Bimal Jalan—long-standing witness to India’s trajectory through the decades—gives us a complete picture of the country’s economic journey so far. In the pages of this book we read about broad issues of development policy, the role of science and technology, exchange rate management, globalization and more—all significant themes in the ongoing debate on India’s approach to economic reforms towards 2025 and beyond. Based on extensive research and data, and aided by Jalan’s experience as the former governor of the Reserve Bank of India, this book, more importantly, also gives us a vision for the way ahead. As India—and indeed the world—faces challenging times, the recounting of tales from India’s economic history, when accompanied by the observations and wisdom of a senior economist like Bimal Jalan, can help allay fears and give optimism for the times to come.