The Risk of India: Its Transformation from Poverty to Prosperity is an extremely interesting read. The book speaks not only to the mind and intellect but also to the heart as it clearly demonstrates that economic development is above all a question of people. It also shows that the Indian society, and particularly its youth, is much more open to changes than its political and bureaucratic class, and would welcome a third wave of reforms that would help the poor to benefit from economic progress. I strongly recommend this book. It offers a very unique and rich description of today's India from the author's perspective and many well chosen anecdotes. - Colette Mathur, Director World Economic Forum
This fascinating work weaves together a set of seemingly diverse events into an intricate tapestry capturing the essence and purpose of emerging India. It is also an inspiration to people in "Challenged" economies that the power of honest entrepreneurship can bring about a greater transformation than the best intentions of any government. Well-researched and well-written, this book is a good guide for developing countries to leverage the potential of people and its inherent strengths. It also brings out the challenge for India that more reforms are necessary, not less. - Nandan M Nilekani, CEO & Managing Director Infosys Technologies Limited
The Rise of India is an insightful and engaging story of India before and after the 1991 reforms. There are many academic tomes on India's reforms but none is as comprehensive, lucid, and earthy. Practicing "soft hearts, hard heads" Philosophy with anecdotes and personal experiences, the author builds a compelling case for further liberalization and reforms. This book is a must read for all policy makers, students of economics, and activists of all stripes. read, understand, and become part of the revolution-a continued rise of India! - Parth J. Shah, President, Centre for Civil Society
"synopsis" may belong to another edition of this title.
India and its economic potential have caught the world's attention, finally. This giant country is no longer seen as the sick man of Asia.
The dramatic development of India since the economic reforms of 1991 promises to eventually be as significant as the progress China has made in recent decades. India's economic success will be more than a mere litmus test for the efficacy o9f globalization. Eventually, India's economic success will have to be measured not in terms of GDP growth rates or indicators of competitiveness, but in terms of its ability to deliver a decent life to each of its citizens.
The Rise of India tells the story through the prism of six great revolutions that are leading to the frontal attack of poverty in the world's largest democracy: demographics, outsourcing, globalization, finance, aspirations and reforms for the poor. This book is not so much a study of macroeconomic policy reforms as it is of the effects of these reforms on the lives of people and their organizations.
There are also major challenges ahead. Meeting them will test the r5esilience and creativity of the Indian people. There are bound to be bumps along the way. But India's economic transformation will eventually make the entire world a better and more prosperous place to live in. This book reveals how and why.
Niranjan Rajadhyaksha is the deputy editor of Business World, which is one of India;'s most widely-read business magazines. he has an M.A. degree in economics from Mumbai University, specializing in international economics and demography, and taught the subject to undergraduate students before becoming a financial journalist. he has written on economics and finance for more than sixteen years, both as a reporter and as a columnist. Niranjan was a Jefferson Fellow at the East-West Center at Hawaii in 1999. He lives in Mumbai, a city he loves, with his wife and two daughters.
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