The book traces the roots of economic liberalization to the early 90s, and follows India's subsequent economic progress, which has been marked by remarkable ups and downs. The author dissects the nature and effects of India's economic policies, focusing on certain key events that have played a crucial role in India's overall growth. His logical and critical reasoning debunks various myths and highlights several positive aspects of the Indian economy. The book speaks not only from a national and a global perspective, but also from an individual perspective. It discusses what is required from individuals to cement India's economic success. In an era where global economies are crumbling and recession is proving to be a continued threat, the author outlines the steps people must take to counter these testing times. He stresses on the need for a resourceful attitude as opposed to a merely reflective one.

As recently as a decade ago, the prospect of India becoming a developed country any time soon seemed a distant possibility. Since then, however, there has been a sea change in our own and the world's perception about our future. What explains this rising tide of optimism? And how far is it justified? In "The Future of India", Bimal Jalan, former governor of the Reserve Bank of India, takes up the formidable challenge of examining the nuts and bolts of this proposition. In his thought-provoking, clear-sighted analysis, he argues that it is the interface between politics, economics and governance, and their combined effect on the functioning of our democracy, which will largely determine India's future. In the light of experience, argues Jalan, there is no certainty that the present euphoria will last unless there is the political will to seize the new opportunities that are available. He proceeds to suggest steps that can be taken to smoothen our path to progress: ways to strengthen Parliament and the judiciary; a series of political reforms that would, among other things, see greater accountability among ministers; and effective ways to curb corruption and enhance fiscal viability. In all these there is an emphasis on the pragmatic, born of Jalan's experience as an administrator, economist and member of Parliament. Contemporary and topical, "The Future of India: Politics, Economics and Governance", perhaps more than any other book on the subject, shows just how a future close enough to be seen need not forever remain elusive to the grasp.

Bimal Jalan, former Reserve Bank of India governor and Rajya Sabha MP places India's post-Independence strengths and weakness under a microscope and analyses the last four decades of India's economic journey, which saw the nation's transition from a strictly regulated, slow-growth, state-led enterprise to one of the fastest-growing economies in the world. Dr Jalan has had a ringside view of financial governance during his long and distinguished career. Drawing on this vast experience he compares two distinct periods-1980-2000 and 2000-15-to examine the core changes and their significance, and considers their lessons for the immediate future. Dr Jalan suggests measures to improve governance which, if implemented, could make India one of the fastest growing emerging global powers and ensure that the benefits of economic growth reach all her people.

Bimal Jalan has closely followed the path of India’s economic policies across its changing trajectories, from before the time the economy was liberalized to the present. The pieces in Emerging India study the relationship between political and economic reforms and inclusive and incremental growth.