India After the Global Crisis
Shankar Acharya
130 x 190 mm
Year of Publishing
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Orient BlackSwan

India after the Global Crisis assesses India’s resilience in the face of the global financial crisis but then shows how the global crisis and our domestic policy failures have taken a toll on India’s economic performance: growth has slowed significantly, inflation has remained high, the external current account deficit has more than doubled, and the rate of domestic investment has fallen.

Drawing upon four decades of experience in the World Bank, the Central Government, academia and India Inc., Shankar Acharya probes deep into the daunting challenges that lie ahead for India. This volume is written against the backdrop of renewed global economic turmoil—stalled economic revival in 2011, mounting problems of sovereign fiscal stress and banking fragility in Europe and US—and clear signs of economic slowdown amid political weakness and indecision in India. The author also outlines the priorities that the government must focus on to overcome these challenges, and debunks several myths that weaken current policies.

A must read for economists, financial analysts, policy-makers, students and the interested general reader.

As Chief Economic Adviser 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 Economic Advisory Council (2001–2003) and the Twelfth Finance Commission (2004). 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 eight books and numerous scholarly articles.

Currently he is Honorary Professor and Board Member of the Indian Council for Research on International Economic Relations (ICRIER). He also serves on the boards of other national research organisations, some corporates, the National Security Advisory Board and the Reserve Bank’s Advisory Committee on Monetary Policy. Dr Acharya has a PhD from Harvard University and a BA from Oxford.

List of Tables and Figures
List of Abbreviations
PART I: Global Crisis Aftermath
Global Crisis Aftermath
  1. Global Financial Crisis: An Asian View
  2. Spring Fever
  3. G8 vs G20
  4. Exit Policy and All That
  5. Wolf’s World
  6. Grecian Summer of Discontent
  7. Retreat of the Master?
  8. Uncertain Times for Global Economic Governance
PART II: Economic Growth
Economic Growth
  1. A Cloudy Outlook
  2. Growth and Equity
  3. Growth Complacency?
  4. New Threats to Growth
  5. Agriculture: Be Like Gujarat
PART III: Reform and Economic Policies
Reform and Economic Policies
  1. Priorities for the New Government
  2. Stability, Security and Stasis?
  3. The Leviathan Returns
  4. Policy Continuity at the Reserve Bank
  5. Ten Myths of Indian Economic Policy
  6. Twelfth Plan Approach
PART IV: Employment and Human Development
Employment and Human Development
  1. Where are the Jobs?
  2. Resurrecting Public Health Services
  3. Employment Problems
  4. India’s Health
  5. UPA’s Wrong Approach to Inclusion
PART V: Budget and Fiscal Policies
Budget and Fiscal Policies
  1. The Non-fiscal Stimulus
  2. Fiscal Stimulus or Fiscal Ruin?
  3. A Flawed and Untimely Code
  4. www.indiabudget 2010–11
  5. Some Pre-budget Musings
  6. Some Post-budget Reflections
PART VI: External Sector Policies
External Sector Policies
  1. BoP Deficit Widens But the Rupee Appreciates!
  2. Indifference about the Big Rupee Appreciation?
  3. Overvalued Rupee Fuels External Deficits
  4. Currency Wars and Indian Policy
  5. Strong Rupee Hurting Industrial Growth?
PART VII: General
  1. A Month to Remember?
  2. Assessing Obama
  3. Africa Rising
1. Release Date : 20-Jan-2012 Venue : India International Centre, New Delhi
2. Release Date : 01-Mar-2012 Venue : Trident Hotel, Mumbai
BIBLIO: September - October 2012
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