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Books > Business & Economics > Economics > Political economy
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Resurgent India - The Economics of Atmanirbhar Bharat (Hardcover)
Loot Price: R2,419
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Resurgent India - The Economics of Atmanirbhar Bharat (Hardcover)
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In the backdrop of the Coronavirus having wreaked havoc on nations
across the world and adversely impacting economic growth of
countries, the government and monetary authorities,such as the
Reserve Bank of India, stepped forward with conventional as well as
unconventional stimulus measures. This was the time for the
Government and fellow Indians to reboot, redraw, and reinvent the
wheel of progress, and paint a new standing in the World Economic
Order. Thus, in light of the above-mentioned macroeconomic scenario
existing in India in June 2020, the authors decided to continuously
examine the important measures and policies announced by the
Government and evaluate its impact on the country. Part 1 of the
book traces the preceding trends in the economic growth of the
country during 2010-20, the initial impact of the virus on the
Indian economy, the macroeconomic perspectives, including the
required fiscal measures through the very first post-pandemic
budget, i.e., for 2021-22, and the country's progress on the path
to economic recovery in the first quarter of 2022. Part 2
critically analyses policy initiatives undertaken by the Government
for achieving an Atmanirbhar Bharat (self-reliant India),
short-term and long-term structural reforms, agricultural reforms,
the six pillars on which the union budget 2021-22 has been
formulated, and bold measures like the proposal for asset
monetization of PSUs and government's re-think on retrospective
taxes. Part 3 lays out a roadmap of policy suggestions which
warrant government focus and attention to make India into a
self-reliant nation. These initiatives can help in achieving the
dream of doubling farmers' income and making India into a global
manufacturing hub. This section also discusses the importance of
cooperative federalism and challenges before the government in
making India into a self-reliant nation, especially in terms of
administrative machinery and the judicial system.
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