{"product_id":"indian-agricultural-economy-under-green-revolution-1966-to-1990-copy","title":"Towards Economic Crisis (2012-14) and Beyond","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cp\u003eWHY did India’s stellar economic growth at 8 per cent plus in the eight years, 2003-2011, collapse to 5 per cent or less by 2012-13? What were the key policy failures, of commission and omission,that brought about this sharp slowdown? Now, in 2015, with a new government with a seemingly strong political mandate, why is it proving so difficult to revive the earlier strong momentum of economic development? How should the new government tackle the deep legacy problems of the past? In the new global context, is slower economic growth inevitable?\u003cbr\u003e    These are some of the many critical economic issues explored in the 39 essays by Shankar Acharya, written in the three and a half years between November 2011 and July 2015.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003ePraise for this book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eThis book is by far the best exposition of recent developments in, and prospects for Indian economy.The exposition is simple, but scholarly; concise but comprehensive; forthright but elegant; with enviable insights and impressive foresight.”\u003cbr\u003e  \u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003e —Y. Venugopal Reddy \u003c\/strong\u003e\u003cbr\u003e        Chairman, Fourteenth Finance Commission and \u003cbr\u003e        former Governor, Reserve Bank of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Shankar Acharya, former Chief Economic Adviser to the Government of India, is the authoritative guide to the Indian economy and economic policy-making. The present collection of columns reveals his outstanding virtues of resolute independence, meticulous research, rigorous argument and sober judgement. Read and learn.”\u003cbr\u003e  \u003cstrong\u003e\u003cspan\u003e \u003c\/span\u003e —Martin Wolf\u003c\/strong\u003e\u003cbr\u003e       Associate Editor and Chief Economics Commentator,\u003c\/p\u003e\n\u003cp\u003e       Financial Times.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Shankar Acharya is one of India’s leading economists, and this volume brings together his prescient views on India’s important economic challenges.These lucid essays show a rare mastery of the open economy macroeconomics. He was ahead of the curve in signalling to the fiscal and monetary authorities the impending crisis as well as in outlining the required policy measures. A must read for policy as well as the academic community “\u003cbr\u003e\u003cstrong\u003e    —Vijay Kelkar\u003c\/strong\u003e\u003cbr\u003e        Chairman, National Institute of Public Finance and Policy,\u003c\/p\u003e\n\u003cp\u003e        New Delhi and former Finance Secretary, Government of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Shankar Acharya is one of India’s most respected macro economists and in this collection he gives us 36 snapshots of the economy over the past three years. Even those who disagree with some of the snapshots on some points will concede that they are insightful and thought provoking. Any one interested in the Indian economy in general will find this very rich fare indeed, covering all the key issues that have surfaced in this very eventful period.”\u003cbr\u003e    \u003cstrong\u003e—Montek Ahluwalia \u003c\/strong\u003e\u003cbr\u003e       Former Deputy Chairman, Planning Commission, \u003cbr\u003e       Government of India.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\n\u003cspan\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/h2\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv\u003e\n\u003cp\u003eAs Chief Economic Advisor to the Government of India (1993-2001), Shankar Acharya was deeply involved in the economic reforms of the 1990s. He later served as a Member of the Prime Minister’s Advisory Council (2001-2003), the Twelfth Finance Commission (2004) and the National Security Advisory Board (2009-2013). Earlier he worked in the World Bank, where he led the World Development Report team for 1979 and was Research Adviser to the Bank. He has authored nine books and numerous scholarly articles.\u003cbr\u003eCurrently he is Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER) and serves on the boards of other research organisations, some corporates, charities and the Reserve Bank’s Advisory Committee on Monetary Policy. He has a PhD from Harvard University and BA from Oxford.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003e\n\u003cspan class=\"accordsuffix\"\u003eContents in Detail\u003c\/span\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca href=\"https:\/\/academicfoundation.org\/#\" class=\"menuitem submenuheader\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003e\u003cem\u003ePreface\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cem\u003eIntroduction\u003c\/em\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eI Towards Crisis\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e1.Storm Clouds Over the Economy\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e2.Roosting Chickens, Building Crises\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e3.Hope versus Experience\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e4.The Unravelling\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e5.The Exchange Rate: Economics \u003cbr\u003e   Bites Back\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e6.Half Full or Three-Quarters Empty?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e7.Crises Still Building\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e8.Macro Signals Flashing Red\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e9.Reforms Resurgent?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e10.Fiscal Consolidation: How Real?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e11.India’s Economic Growth: Trends \u003cbr\u003e     and Imbalances\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e12.Macroeconomic Context and \u003cbr\u003e     Budget\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e13.BoP: Zero Dark Thirteen\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e14.Don’t Blame the World\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e15.Early Exit from Economic Stress?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e16.Tightening Constraints to Rapid \u003cbr\u003e     Inclusive Development\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eII Crisis\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e17.Shrinking India\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e18.A Crisis Foretold\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e19.Recovery: This Time Will Be \u003cbr\u003e     Harder\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e20.From Anxiety to Complacency \u003cbr\u003e     in Six Weeks?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e21.Economic Management in Pre-election\u003cbr\u003e     Months?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e22.UPA’s Economic Legacy: Good, Bad \u003cbr\u003e     or Ugly? \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e23.Economic Revival: When and How \u003cbr\u003e     Strong?\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eIII Beyond Crisis\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e24.More of the Same?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e25.Budget 2014: Good Beginning \u003cbr\u003e     or Missed Opportunity?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e26.Policies Awaited\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e27.Where is Team Modi\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e28.Six Months On\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e29.Politics, Priorities and Policies\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e30.Priorities for Budget 2015-16\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e31.Budget 2015-16: Above Average\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e32.How Fast is India Growing?\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e33.On Balance, a Good Year\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e34.Burden of Legacies\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e\u003cstrong\u003eIV General\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e35.Myanmar: India’s Neglected \u003cbr\u003e     Neighbour\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e36.Myanmar’s Economy: Some \u003cbr\u003e    Glimpses    \u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e37.Gandhian Legacies\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e38.India’s Urbanisation Challenge\u003c\/p\u003e\n\u003cp\u003e\u003cbr\u003e39.The National Development Policy \u003cbr\u003e     Commission\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100.707%; height: 85px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e2015\u003cmeta charset=\"utf-8\"\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e182\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 21.25px;\"\u003e\n\u003ctd style=\"width: 51.5957%; height: 21.25px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 48.0496%; height: 21.25px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332703131\u003c\/span\u003e\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e","brand":"Shankar Acharya","offers":[{"title":"Hardcover \/ ENG- English \/ Economics","offer_id":51552433275201,"sku":null,"price":795.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/9789332703131-web-305-Shankar-Acharya-Towards-Economic-Crisis.jpg?v=1774933758","url":"https:\/\/www.academicfoundation.com\/products\/indian-agricultural-economy-under-green-revolution-1966-to-1990-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}