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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.
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.
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.
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