Indian Economy and over 2 million other books are available for site Kindle. Indian Economy: For UPSC Civil Services & Other State PSC Examinations Paperback – 3 May Having sold more than 1 million copies in the last 10 years, Ramesh Singh’s Indian Economy is a. goudzwaard.info - download Indian Economy (Old Edition) book online at best prices in India on goudzwaard.info Read Indian Economy (Old Edition) book reviews & author. goudzwaard.info - download The Indian Economy book online at best prices in India on goudzwaard.info Read The Indian Economy book reviews & author details and more at .
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Indian Economy book. Read 20 reviews from the world's largest community for readers. 'Indian Economy by Ramesh Singh is a comprehensive text, with detailed coverage of all topics in the UPSC Preliminary and Main syllabus. The book is a stellar. Indian Economy for Civil Services Examination is a comprehensive book for candidates preparing for the Civil Services Examination. The book comprises of.
India As A Developing Economy 2.
National Income of India 4. Human Resources and Economic Development 5. Human Development In India 6. Occupational Structure and Economic Development 7. Infrastructure In The Indian Economy 9. Industrial Policy and Indian Planning Public Sector and Indian Planning Disinvestment of Public Enterprises Redefining The Role of The State Privatisation and Economic Reforms Globalization and Its Impact On India Planning Experience In India Tenth Five Year Plan The Problem of Capital Formation The Parallel Economy In India Unemployment In India Prices, Price Policy and Economic Growth The Green Revolution Food Security In India Irrigation and Other Agricultural Inputs Land Reforms Size of Farms and Productive Efficiency Organisation of Rural Credit In India Agricultural Marketing and Warehousing Industrial Pattern and The Plans Ideas for the New Century , by Nandan Nilekani.
Do you want to start by explaining who he is? Infosys was one of the early companies set up by people who had no experience in business, and it became a whopping success. Nilekani, after writing this book, has actually come into the Indian government.
I get to interact with him a lot, both of us being outsiders now working inside government. This book for me is a very unusual economics book because it is written by someone who is neither an economist nor a professional writer. He says that he is an incorrigible optimist and that comes out. The book is teeming with little ideas that India can do. You have to recognise that the market is an important instrument and India has to use this instrument to do well, he reminds the reader.
He gives a whole slew of advice. He talks about Nehru, like most Indians do, with a lot of admiration. Does India still have a long way to go before it is functioning well as a market economy? But I know one or two people trying to be entrepreneurial in India, and they still have enormous frustrations with the bureaucracy and say it is much easier to do business in China.
Let me talk about this, because it is not just part of the book, but also my current job. I have pushed this issue about bureaucracy into government documents. By this criterion, India is ranked th in the world, and China is 79th. Lots of ordinary people just feel fed up with the bureaucratic ropes. India has been in the news of late because of corruption.
Very often you have to bribe to get something done. But one of my big surprises when I joined the government of India was to see the quality of the top civil servants in India. They really are very talented people, because it is a highly competitive system of recruitment. But the efficiency of the bureaucracy leaves so much to be desired. There is something in the system which makes it go very slowly and sluggishly. There are two major things that can hold back an economy. One is the physical infrastructure, and the other is this soft infrastructure, which is the bureaucracy.
There is investment happening, the government is putting in money, and it will improve. In India, fortunately, the state is not quite as big and all-encompassing, so despite the fact that it is slow and sluggish, there is still a lot space for private enterprise.
People who are learning to work the system are doing well and that probably explains why India has been growing almost at the rate of China in recent times. But there is still a great distance to go on the bureaucracy. I talked to the British High Commissioner to India.
What did you do? High-speed rail has been talked about, but no decisions have been made. There will be a total revamping of ports and airports, and we already have big investment going into roads. All this is beginning to take place and in the next five-year plan, we have mega-schemes to boost infrastructure.
Indian bureaucrats go to China and come back having seen the infrastructure. Yes, by Katherine Frank. This is not an economics book but I still wanted to recommend it, because in terms of readability for me this one was a real page-turner.
It does talk at length about the politics of India around the time when the first stirring of the Indian economy took place in the late s and early s. But the book is really an account of Indira Gandhi as a person, and the complexity of the leader. There are two points in the book that read like a Greek tragedy, like fiction. The first is the day before Indira Gandhi declared an emergency and took over dictatorial control of India from No one outside her small coterie in India knew this would happen and the next morning she makes this announcement on the radio that she is taking control because India faces a threat.
The other point where the book really builds up is the day before her assassination. She comes back to New Delhi from some travels in India. The night before her assassination she is somehow not sleeping well and getting up for, I think, water, bumps into her favourite daughter-in-law, Sonia Gandhi, in the kitchen. Indira is full of human warmth and talks very affectionately to her daughter-in-law and in fact tells her that she should feel free to wake up Indira if she cannot sleep.
There is a Shakespearean premonition in the air of something dramatic about to happen. They chat, and the next morning she is walking out of her house for an interview with Peter Ustinov and she is shot, point blank, by her own security. The build up to that, and what happens politically in the country subsequently, is recounted wonderfully.
The entire book is riveting to read. The emergency period is described very well and India takes off soon after that. There is an interface with the economy which is not spelled out. The book is not meant to do that, but for an economist there is a lot of subtext that can be read into it too, so I wanted to recommend it for that reason. Indira Gandhi, before , was committed to Nehruvian socialism. She was influenced very deeply by her father, and her father was influenced by British Fabian thought.
That was the mould in which she had grown up and if you look at the moves she makes, they are in that mould. By then, she is influenced by her sons, who have imbibed new ideas. She is trying out new policies, and you begin to see some changes. In , she declares the emergency and takes over, running the country with authoritarian control for two years. She then declares an election and loses it in By the time she wins another election and comes back she is a changed person, mainly in terms of economic policies.
She took on big world powers during the formation of Bangladesh. There was a big showdown with Nixon. India was not a global power at all, but she was steadfast.
She had a morally strong position and she stood by it. That was quite a remarkable time. I am drawn to Indira Gandhi the way one is to those tragic characters in history — flawed but at the same time dignified. If you ask me about admiration, I actually have more for Nehru.
He got some of his economic policies wrong, but he gave shape to a secular, broad-minded India. That was very important, and Indira Gandhi was born into that tradition. What about India After Gandhi: If one wants to understand contemporary India, this is the book to read. If one were to read one book on India, this is the one that I would recommend. Can you explain that to me? I can try to. My book will be read by many as a left-wing book, but it is non-doctrinaire left.
Left is usually associated with big government, whereas this is actually a small-government left-wing book. It makes the argument that for good policy you have to give space for the laws of the market; you have to give space for individual enterprise and entrepreneurial creativity. Just because the laws of the market are important, we must not become apologists for what currently prevails and the huge inequities that exist in society.
The book talks about inheritance. I argue that it is morally wrong to give people huge advantages at birth.
It does not fatten itself up like most Communist governments did. A large government is like a sitting duck: So, my book argues, we have to think of radicalism in a very different way.
I do believe that the book makes deep analytical points, for instance about how the law works and the limits of methodological individualism. I finished it one week before I joined the Indian government, which is good because I would never have the time to work on it now. Now to my policymaking work.
In our everyday life, we have to practice what I call normal economics. You have to recognise and respect the laws of the market, allow individual enterprise to flourish, international trade has to be open, and all the regular things economists say I would also repeat. At the same time we must not blight our chances of a more idealistic world. My book is based on two views of the invisible hand.
For Adam Smith, the invisible hand was the little minions going about their everyday life, unwittingly creating order. The book argues that both these visions have a role to play.
Economists have given complete predominance and priority to the Smithian view, but we should be aware of the Kafkaesque view of what can happen and take guard against such a predicament.
My work as a policymaker is to attend to everyday life. This is what I meant by normal economics. What I do now is normal economics. There is a lot of standard economics that addresses these matters. To reject all standard economic theory as conspiracy, as some do, is a big mistake.
It can only lead to policy failure. But, at the same time, we must not abandon the somewhat utopian project of creating a distinctly better world some day.
This needs a lot of analysis and research. The possibility of such a world is what my book is about. Five Books aims to keep its book recommendations and interviews up to date. If you are the interviewee and would like to update your choice of books or even just what you say about them please email us at editor fivebooks.
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