Synopsis
"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 started becoming apparent. Thirty years later, we seem to be on the cusp of a different story. In India after Liberalisation, Bimal Jalan, one of those closely associated with policymaking in the economic sector, as too the political side of delivering the benefits of those policies, 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 decisionmaking. In crisp chapters, based on a wealth of knowledge and experience, are answers to key problems from exchange rate management and how to float the rupee without sinking to crucial changes in the way Parliament functions and reforms necessary in the banking and finance sectors, besides suggestions on tackling corruption. 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. "
About the Author
"Dr Bimal Jalan is a former governor of the Reserve Bank of India (RBI). He has previously held several positions in the government, including those of finance secretary and chairman of the Economic Advisory Council to the Prime Minister. He was also a nominated Member of Parliament from 2003 to 2009. He was the chairman of the Expenditure Management Commission during 2014 16. He also represented India on the Boards of the International Monetary Fund and World Bank. In 2019, he was the chairman of the Committee on Economic Capital Framework , set up by the RBI in association with the government. Dr Jalan has been associated with a number of academic and public institutions, including the Indian Statistical Institute, Kolkata; the Institute of Economic Growth, Delhi; Centre for Development Studies, Thiruvananthapuram (as chairman); and the National Council of Applied Economics and Research, New Delhi (as president). His books on India include India s Economic Crisis: The Way Ahead (1991); The Indian Economy: Problems and Prospects (1992); India s Economic Policy: Preparing for the Twenty-first Century (1996); India s Economy in the New Millennium (2002); The Future of India: Politics, Economics and Governance (2005); India s Politics: A View from the Backbench (2007); Emerging India: Economics, Politics and Reforms (2012); Politics Trumps Economics: The Interface of Economics and Politics in Contemporary India (Edited, 2014); India: Priorities for the Future (2017); India Ahead: 2025 and Beyond (2018); Resurgent India: Politics, Economics and Governance (2019, published by HarperCollins); and India Then and Now: An Insider s Account (2020). "
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