India After the Global Crisis
Contents: Introduction. 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. 9. A Cloudy Outlook. 10. Growth and Equity. 11. Growth Complacency? 12. New Threats to Growth. 13. Agriculture: Be Like Gujarat. PART III: Reform and Economic Policies, Reform and Economic Policies. 14. Priorities for the New Government. 15. Stability, Security and Stasis? 16. The Leviathan Returns. 17. Policy Continuity at the Reserve Bank. 17. Policy Continuity at the Reserve Bank. 18. Ten Myths of Indian Economic Policy. 19. Twelfth Plan Approach. PART IV: Employment and Human Development, Employment and Human Development: 20. Where are the Jobs? 21. Resurrecting Public Health Services. 22. Employment Problems. 23. India s Health. 24. UPA s Wrong Approach to Inclusion. PART V: Budget and Fiscal Policies, Budget and Fiscal Policies. 25. The Non-fiscal Stimulus. 26. Fiscal Stimulus or Fiscal Ruin? 27. A Flawed and Untimely Code. 28. www.indiabudget 2010-11. 29. Some Pre-budget Musings. 30. Some Post-budget Reflections. PART VI: External Sector Policies, External Sector Policies. 31. BoP Deficit Widens But the Rupee Appreciates! 32. Indifference about the Big Rupee Appreciation? 33. Overvalued Rupee Fuels External Deficits. 34. Currency Wars and Indian Policy. 35. Strong Rupee Hurting Industrial Growth? PART VII: General. 36. A Month to Remember? 37. Assessing Obama. 38. Africa Rising.
India after the Global Crisis assesses the reasons behind India's resilience in the face of the global crisis but then also shows how the global crisis and our domestic policy failures have taken a toll of 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. 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, he 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.
