For Jalan, there are two clear priorities for the future: to continue and benefit from the dramatic global changes in technology, trade, and investment over the previous three decades, and to get rid of the deadweight of the past in order to maximize the benefits from our economic and political strength. Jalan offers a blueprint for the government to launch reforms to reduce corruption and administrative bottlenecks in the delivery of services to the people, such as by · Reducing corruption in the administrative system · Improving the role of the legislative, executive and judiciary in policymaking · Improving governance and politics in a resurgent India and · Strengthening the functioning of the financial and banking sectors. In nine succinct chapters, Jalan with his characteristic insight and brilliance, discusses a range of political and economic issues which will help India realize its full potential as one of the fastest-growing, emerging economies in the world.
Resurgent India, a sequel to Dr Bimal Jalan's book Emerging India (2012) looks ahead and analyses what needs to be done in light of the significant advances made in politics and governance in one of the fastest-growing developing countries in the global economy. Since 2014, the political profile of the government has changed dramatically. The new government elected in 2019 - either with a full majority or a coalition of parties - will hopefully be in a position to launch significant political reforms. Resurgent India identifies the key priorities that can - and should - be implemented by the new government in national interest, irrespective of the political agenda of the party (or parties) that come to power.
Bimal Jalan, former Reserve Bank of India governor and Rajya Sabha MP places India's post-Independence strengths and weakness under a microscope and analyses the last four decades of India's economic journey, which saw the nation's transition from a strictly regulated, slow-growth, state-led enterprise to one of the fastest-growing economies in the world. Dr Jalan has had a ringside view of financial governance during his long and distinguished career. Drawing on this vast experience he compares two distinct periods-1980-2000 and 2000-15-to examine the core changes and their significance, and considers their lessons for the immediate future. Dr Jalan suggests measures to improve governance which, if implemented, could make India one of the fastest growing emerging global powers and ensure that the benefits of economic growth reach all her people.
Emerging India: Economics, Politics And Reforms is a book that provides in-depth insights into the state of the Indian economy. It covers a period of 20 years, ranging from the early 90s to the first decade of the 21st century. It is backed by 20 years worth of solid research.
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 Development 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. 'One of the most lucid and lay-reader-accessible books to have been penned by an Indian economist.' --Outlook 'One cannot but agree with most of the suggestions made by Mr Jalan.' following the reforms process closely.' --Business India 'Jalan marshals a formidable array of facts to convey the general failure of the avowed mission of planning in India and the public sector's abysmal failure in particular.' --The Telegraph
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.
For Jalan, there are two clear priorities for the future: to continue and benefit from the dramatic global changes in technology, trade, and investment over the previous three decades, and to get rid of the deadweight of the past in order to maximize the benefits from our economic and political strength. Jalan offers a blueprint for the government to launch reforms to reduce corruption and administrative bottlenecks in the delivery of services to the people, such as by · Reducing corruption in the administrative system · Improving the role of the legislative, executive and judiciary in policymaking · Improving governance and politics in a resurgent India and · Strengthening the functioning of the financial and banking sectors. In nine succinct chapters, Jalan with his characteristic insight and brilliance, discusses a range of political and economic issues which will help India realize its full potential as one of the fastest-growing, emerging economies in the world.
As Recently As A Decade Ago, The Prospect Of India Becoming A Developed Country Any Time Soon Seemed A Distant Possibility. Since Then, However, There Has Been A Sea Change In Our Own And The World&Rsquo;S Perception About Our Future. What Explains This Rising Tide Of Optimism? And How Far Is It Justified? In The Future Of India, Bimal Jalan, Former Governor Of The Reserve Bank Of India, Takes Up The Formidable Challenge Of Examining The Nuts And Bolts Of This Proposition. In His Thought-Provoking, Clear-Sighted Analysis, He Argues That It Is The Interface Between Politics, Economics And Governance, And Their Combined Effect On The Functioning Of Our Democracy, Which Will Largely Determine India&Rsquo;S Future. An Understanding Of This Interface Will Help Explain The Swings In India&Rsquo;S Political And Economic Fortunes Over The Past Decades, And Why The Promise Has Been Belied. In The Light Of Experience, Argues Jalan, There Is No Certainty That The Present Euphoria Will Last Unless There Is The Political Will To Seize The New Opportunities That Are Available. He Proceeds To Suggest Steps That Can Be Taken To Smoothen Our Path To Progress: Ways To Strengthen Parliament And The Judiciary; A Series Of Political Reforms That Would, Among Other Things, See Greater Accountability Among Ministers; And Effective Ways To Curb Corruption And Enhance Fiscal Viability. In All These There Is An Emphasis On The Pragmatic, Born Of Jalan&Rsquo;S Experience As An Administrator, Economist And Member Of Parliament. Contemporary And Topical, The Future Of India: Politics, Economics And Governance, Perhaps More Than Any Other Book On The Subject, Shows Just How A Future Close Enough To Be Seen Need Not Forever Remain Elusive To The Grasp.
An insider’s account of how politics is practised in India, and to what effect In India’s Politics: A View from the Backbench, Bimal Jalan, ex-Governor of the Reserve Bank of India and best-selling author of The Future of India, turns his gaze to the complex mechanics of the political system in the country. As a member of Parliament, Bimal Jalan has watched the workings of India’s politics closely. While there is much to be proud of in India’s achievements as a vibrant democracy, there are some areas of concern which require attention. In particular, Jalan finds that the emergence of multi-party coalitions as a regular form of government—and their relatively short life expectancy at birth—has brought about a sea change in political dynamics. The search for power and the compulsions of coalition politics are increasingly the primary drivers of political behaviour in India today. This development, combined with the need to cope with global terrorism, lawlessness and economic disparities during a period of high growth, calls for some urgent reforms in the working of India’s vital political institutions. Jalan puts forward a ten-point programme to make India’s parliamentary democracy more stable, transparent and accountable. According to him, constant vigilance is indeed the price of liberty and if some of the emerging trends are not reversed, India’s democracy ‘by the people’ could become more and more oligarchic—‘of the few and for the few’. India’s Politics is one of the most important studies of India’s political system to have been written. This paperback edition features a new Preface by the author on emerging political trends.
The 1991 liberalisation was India's biggest moment in its economic history after independence. As its effects began to percolate into how India lived and worked, the potential it had to lift the country and its millions out of the 'Hindu' rate of growth began to become apparent. Thirty years later, we seem to be on the cusp of a different story. In India after Liberalisation, Bimal Jalan offers a wide-angle view of how liberalisation has shaped up over the intervening decades. What emerges is the story of a country best placed to catch the tide to high growth and a system that, time after time, fails to live up to the challenge of decision making. For any student of economic history or policymaker or participant, who wants to understand why we are where we are, this is a timely, telling and essential guide.
A comprehensive and authoritative exploration of Tempol (4-Hydroxy-TEMPO), an exceptional chemical compound with diverse applications in both scientific research and medical practice. This book delves into Tempol's unique properties, mechanisms of action, and its potential role in combating oxidative stress-related disorders. Includes a chapter devoted to the safe handling, storage, and disposal of Tempol in compliance with pharmaceutical regulations. The authors pay particular attention to pharmaceutical regulations in the industry.
As Recently As A Decade Ago, The Prospect Of India Becoming A Developed Country Any Time Soon Seemed A Distant Possibility. Since Then, However, There Has Been A Sea Change In Our Own And The World&Rsquo;S Perception About Our Future. What Explains This Rising Tide Of Optimism? And How Far Is It Justified? In The Future Of India, Bimal Jalan, Former Governor Of The Reserve Bank Of India, Takes Up The Formidable Challenge Of Examining The Nuts And Bolts Of This Proposition. In His Thought-Provoking, Clear-Sighted Analysis, He Argues That It Is The Interface Between Politics, Economics And Governance, And Their Combined Effect On The Functioning Of Our Democracy, Which Will Largely Determine India&Rsquo;S Future. An Understanding Of This Interface Will Help Explain The Swings In India&Rsquo;S Political And Economic Fortunes Over The Past Decades, And Why The Promise Has Been Belied. In The Light Of Experience, Argues Jalan, There Is No Certainty That The Present Euphoria Will Last Unless There Is The Political Will To Seize The New Opportunities That Are Available. He Proceeds To Suggest Steps That Can Be Taken To Smoothen Our Path To Progress: Ways To Strengthen Parliament And The Judiciary; A Series Of Political Reforms That Would, Among Other Things, See Greater Accountability Among Ministers; And Effective Ways To Curb Corruption And Enhance Fiscal Viability. In All These There Is An Emphasis On The Pragmatic, Born Of Jalan&Rsquo;S Experience As An Administrator, Economist And Member Of Parliament. Contemporary And Topical, The Future Of India: Politics, Economics And Governance, Perhaps More Than Any Other Book On The Subject, Shows Just How A Future Close Enough To Be Seen Need Not Forever Remain Elusive To The Grasp. &Nbsp;
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.
As India marks the twenty-year milestone of economic liberalization, some concerns about the country’s future prospects as an emerging power are beginning to be voiced; often, these stem from the past history of sharp swings in India’s fortunes. Bimal Jalan, one of the country’s well-known economists and former Governor of the Reserve Bank of India, has closely followed the path of India’s economic policies across its changing trajectories, from before the time the economy was liberalized to the very present The pieces that appear here were all written during the last twenty years, with the exception of three prescient notes from the mid-1970s highlighting the need for economic reforms to foster growth. The principal thought behind these essays is that, in the past twenty years, India’s capacity to grow faster than ever before has increased substantially because of its comparative advantage in relation to other countries. However, Jalan points out that for India to seize the opportunities that lie ahead, it is essential to bring about further reforms in the running of India’s politics and administration in order to ensure inclusive and incremental economic growth.
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 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, globalisation 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 Indians 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.
India'S Economy In The New Millennium Is A Collection Of Essays Which Cover A Variety Of Subjects - Ranging From Banking And Finance To Science And Development. The Common Thread That Binds The Diversity Of The Topics Is India'S Past Record And Present Policies In The Macro, Micro And Meso Economic Spheres. Without Being Apologetic About India'S Past Records, These Essays Probe Into The Analytics Of Some Select Areas In Policy-Making In 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.
India's fundamentals are, no doubt, stronger now than ever before, but the country also faces several old and new challenges in the areas of politics, economics and governance.
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