{"product_id":"reason-and-reform-copy","title":"India’s Economy 2015-2020","description":"\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Book\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003eWhy did India’s economic growth slow so much after 2017? How fast was the economy actually growing? How serious was the collateral damage from demonetization? Why did India’s exports stagnate while other Asian countries enjoyed good export growth? What were the initial problems with the new GST? What were the major economic reforms during this period? Why does primary education not show better outcomes year after year? How bad was the worsening of job prospects? What led to the retreat from globalization in the world economy? How serious was the impact of Covid and Lockdown on the Indian economy? What did it do to employment and poverty? How soon will the recovery come? Will there be lasting effects? What is the medium-term outlook for India’s economy?\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThese and many other issues are explored in this rich and varied collection of 55 contemporary commentaries on Indian economic issues between 2015 and 2020.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\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\u003e“This is a wonderful collection of masterly essays by Dr Shankar Acharya, one of India’s foremost policy economists. These essays cover the issues dealt by the government of Prime Minister Modi over the last half-decade. Shankar Acharya lucidly covers the complex policy issues relating to open economy macroeconomics, WTO and trade policy measures, economics of growth and employment and the emerging public health challenges. In his trenchant essays he warns about the possibilities of grave damage to India’s growth prospects due to the government’s growing protectionist policies. This book of essays is a must-read for the policymakers, policy analysts and all thinking citizens of our Republic.”\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e—  Vijay Kelkar\u003c\/strong\u003e\u003cbr\u003e      Chairman, India Development Foundation, and former Finance Secretary, Government of India.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\"Shankar Acharya is a leading analyst of Indian economic policy and performance. In this collection, his key writings on the evolution of the economy and major issues of the 2015-20 period are succinctly and carefully analyzed. His insights into the many issues and challenges facing the Indian economy should be required reading for all who wish to understand its evolution.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e—  Anne O. Krueger\u003c\/strong\u003e\u003cbr\u003e     Senior Research Professor of International Economics, School for Advanced International Studies, Johns Hopkins University.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e“Arguably, Shankar Acharya is the most effective commentator on India’s economic policies. Regardless of who rules, he speaks truth to power. Every one of these essays offers deep insight into a policy issue or sound advice on what the government must do to accelerate growth while maintaining macroeconomic stability.”\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e—  Arvind Panagariya\u003c\/strong\u003e\u003cbr\u003e     Professor, Columbia University, former Vice Chairman, Niti Aayog, and the author of India Unlimited: Reclaiming the Lost Glory.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e\u003c\/span\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cspan class=\"morecontent\"\u003e\u003c\/span\u003e\u003cbr\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"more\"\u003e\u003cspan class=\"morecontent\"\u003e \u003c\/span\u003e\u003c\/div\u003e\n\u003ch2 class=\"d_normalheder\"\u003e\u003cspan\u003eAbout the Author(s) \/ Editor(s)\u003c\/span\u003e\u003c\/h2\u003e\n\u003cdiv class=\"more\"\u003e\n\u003cp\u003e\u003cstrong\u003eShankar Acharya\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003ehas been one of India’s leading policy economists. After serving as Economic Adviser in the Ministry of Finance for six years he became India’s longest-serving Chief Economic Adviser for eight years (1993-2001) when he advised three successive finance ministers: Manmohan Singh, P Chidambaram and Yashwant Sinha. During the latter half of this period, he was also Member of the Securities and Exchange Board of India (SEBI). Since 2001, his varied assignments include: Member, Twelfth Finance Commission (2004), Member, National Security Advisory Board (2009-2013), and, for twelve years, non-executive Chairman of Kotak Mahindra Bank.\u003c\/p\u003e\n\u003cp\u003eEarlier, he worked in the World Bank, where he led the team for the World Development Report 1979 and then served as Research Adviser to the Bank. Since 2001 he has been Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER). He has authored ten books and numerous scholarly articles and has been a leading columnist with the Business Standard for eighteen years. He has served on the boards of several national research organizations, some corporates and charities and the Reserve Bank’s Advisory Committee for Monetary Policy (2005-2016). He has a PhD from Harvard University and a BA from Oxford.\u003c\/p\u003e\n\u003cspan class=\"morecontent\"\u003e\u003cspan\u003e\u003c\/span\u003e \u003c\/span\u003e\n\u003c\/div\u003e\n\u003ch2 class=\"glossymenu\"\u003eContents in Detail\u003c\/h2\u003e\n\u003cdiv class=\"glossymenu\"\u003e\n\u003ca class=\"menuitem submenuheader\" href=\"https:\/\/academicfoundation.org\/#\"\u003e\u003cspan class=\"accordsuffix\"\u003e\u003c\/span\u003e\u003c\/a\u003e\n\u003cdiv class=\"submenu\"\u003e\n\u003cp\u003ePreface\u003c\/p\u003e\n\u003cp\u003eIntroduction\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eI\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eGrowth and Economic Reforms\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                1.            Economic Reforms Losing Momentum?\u003c\/p\u003e\n\u003cp\u003e                2.            Why India Won’t Grow at 8 Percent Plus              \u003c\/p\u003e\n\u003cp\u003e                3.            Can India Sustain Growth at 7-8 Percent?\u003c\/p\u003e\n\u003cp\u003e                4.            Economic Slowdown and Revival\u003c\/p\u003e\n\u003cp\u003e                5.            Past Policies Constrain Economic Recovery\u003c\/p\u003e\n\u003cp\u003e                6.            Dispelling Growth Delusions\u003c\/p\u003e\n\u003cp\u003e                7.            How Fast is India Growing?\u003c\/p\u003e\n\u003cp\u003e                8.            Growth Prospects Dim\u003c\/p\u003e\n\u003cp\u003e                9.            Through a Crystal Ball, Darkly\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eII\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eBudget and Tax policies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                10.          Budget 2016: Stick to Basics\u003c\/p\u003e\n\u003cp\u003e                11.          A Good Budget\u003c\/p\u003e\n\u003cp\u003e                12.          A Good Budget (2017) in Difficult Times\u003c\/p\u003e\n\u003cp\u003e                13.          GST: Present at the Creation...and Beyond\u003c\/p\u003e\n\u003cp\u003e                14.          Budget Worries (2018)\u003c\/p\u003e\n\u003cp\u003e                15.          Budget (2019) and Macro Challenges\u003c\/p\u003e\n\u003cp\u003e                16.          Corporate Tax Cuts and Growth\u003c\/p\u003e\n\u003cp\u003e                17.          Some Thoughts on the Budget 2020\u003c\/p\u003e\n\u003cp\u003e                18.          Towards Budget 2021-22\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIII\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eTrade and External Sector Policies\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                19.          BoP: Beware Complacency\u003c\/p\u003e\n\u003cp\u003e                20.          Beware a Strong Rupee\u003c\/p\u003e\n\u003cp\u003e                21.          A Neglected Story\u003c\/p\u003e\n\u003cp\u003e                22.          Wanted: Better Trade Policies\u003c\/p\u003e\n\u003cp\u003e                23.          Low Tariffs, High Protection\u003c\/p\u003e\n\u003cp\u003e                24.          Why Neglect Exports?\u003c\/p\u003e\n\u003cp\u003e                25.          A Subsidy Tariff Permit Raj?\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eIV\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eOther Macroeconomic Policies and Issues\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                26.          Fiscal Deficits: A Short History\u003c\/p\u003e\n\u003cp\u003e                27.          2017: A Year of Troublesome Twins\u003c\/p\u003e\n\u003cp\u003e                28.          Macro Stability at Risk\u003c\/p\u003e\n\u003cp\u003e                29.          A Macro, Financial \u0026amp; Regulatory Cocktail\u003c\/p\u003e\n\u003cp\u003e                30.          India Slips into a Pre-Keynesian World\u003c\/p\u003e\n\u003cp\u003e                31.          Macroeconomic Priorities for New Government\u003c\/p\u003e\n\u003cp\u003e                32.          Confronting Macro Challenges\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eV\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003ePopulation and Human Resources\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                33.          Evaluating India’s Well-being\u003c\/p\u003e\n\u003cp\u003e                34.          Malthus at the Heart of India\u003c\/p\u003e\n\u003cp\u003e                35.          Education: The Continuing Tragedy\u003c\/p\u003e\n\u003cp\u003e                36.          Populous Asia: A 40 Year Retrospect\u003c\/p\u003e\n\u003cp\u003e                37.          The Jobs Crisis Worsens\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVI\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eGlobal Context and Issues\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                38.          2016: Through a Glass, Hazily\u003c\/p\u003e\n\u003cp\u003e                39.          One-eyed King?\u003c\/p\u003e\n\u003cp\u003e                40.          Deglobalization: The Decisive Decade?\u003c\/p\u003e\n\u003cp\u003e                41.          An Uncertain World: Speculations for 2017\u003c\/p\u003e\n\u003cp\u003e                42.          A Scary New World?\u003c\/p\u003e\n\u003cp\u003e                43.          Global Disorder Vs Economic Progress\u003c\/p\u003e\n\u003cp\u003e                44.          The World Gets Scarier\u003c\/p\u003e\n\u003cp\u003e                45.          Some Macroeconomic Musings for 2019\u003c\/p\u003e\n\u003cp\u003e                46.          The Darkening Sky\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVII\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCovid and the Economy\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                47.          End Lockdown or Not?\u003c\/p\u003e\n\u003cp\u003e                48.          The Lockdown Hammer\u003c\/p\u003e\n\u003cp\u003e                49.          GDP: Growth Vs Levels\u003c\/p\u003e\n\u003cp\u003e                50.          Recovery: A Long Hard Road\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eVIII\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eGeneral\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e                51.          Myanmar’s Historic Election\u003c\/p\u003e\n\u003cp\u003e                52.          A Tiger Cub in the Neighbourhood?\u003c\/p\u003e\n\u003cp\u003e                53.          Economists in India: Endangered Species?\u003c\/p\u003e\n\u003cp\u003e                54.          The Wealth of Nations\u003c\/p\u003e\n\u003cp\u003e                55.          Travels with Montek\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003ctable width=\"100%\" style=\"width: 100%; height: 78.3752px;\"\u003e\n\u003ctbody\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublisher\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003eAF Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003ePublication Date\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e2021\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eNumber of Pages\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e270\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr style=\"height: 19.5938px;\"\u003e\n\u003ctd style=\"width: 51.6006%; height: 19.5938px;\"\u003eISBN\u003c\/td\u003e\n\u003ctd style=\"width: 47.9553%; height: 19.5938px;\"\u003e\n\u003cmeta charset=\"utf-8\"\u003e \u003cmeta charset=\"utf-8\"\u003e \u003cspan\u003e9789332705678\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":51373660602689,"sku":null,"price":795.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/9067\/5009\/files\/Indiaseconomy15-20_front.png?v=1770364370","url":"https:\/\/www.academicfoundation.com\/products\/reason-and-reform-copy","provider":"Academic Foundation | AF Press","version":"1.0","type":"link"}