A World in Flux

Few economists have had as profound an impact on India’s economic policymaking as Shankar Acharya. A key architect of economic reforms, Acharya’s influence spans decades—from shaping the long-term fiscal policy to guiding macroeconomic strategies as chief economic advisor under multiple governments. His insights have played a crucial role in steering India through major economic transitions. A Festschrift in honour of Shankar Acharya was long overdue. A World in Flux: India’s Economic Priorities aims to fill this gap.

This Festschrift brings together essays that examine the evolving global economic landscape and India’s policy imperatives. Divided into two parts—global dynamics and the Indian context—the volume explores critical issues such as global trade shifts, climate change, digital transformation, urbanization, and the future of India’s labour market, among others.

Offering deep analysis and actionable insights, this book is an essential resource for policymakers, economists, and anyone interested in India’s economic trajectory.