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Of Counsel. The Challenges of the…
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Of Counsel. The Challenges of the Modi-Jaitley Economy (utgåvan 2018)

av Arvind Subramanian (Författare)

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911,986,506 (3)Ingen/inga
For nearly four years, Arvind Subramanian stood at the centre of economic policymaking in India. Through the communication of big ideas and the publication of accessible Economic Surveys, he gained a reputation as an innovator. Through honest pronouncements that avoided spin, he became a figure of public trust. What does it entail to serve at the helm of the world's fastest-growing economy, where decision-making affects a population of more than a billion people? In Of Counsel : The Challenges of the Modi-Jaitley Economy , Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan as captain of the ship. With an illustrious cast of characters, Subramanian's part-memoir, part-analytical writings candidly reveal the numerous triumphs and challenges of policymaking at the zenith, while appraising India's economic potential, health and future through comprehensive research and original hypotheses. Charged with the task to restructure an insecure and fragile economy, Subramanian's trusteeship has seen the country through one of the most hotly contested and turbulent periods of economic governance and policymaking in recent decades-from the controversial recall of 85 per cent of circulated currency during demonetization to a complete overhaul in taxation with the introduction of the GST. Subramanian also addresses the overleveraging of public-sector banks, the fraught links between the state and private sector ('stigmatized capitalism'), the changing relationship between the state and the individual, and the ever-pervasive, life-threatening issues surrounding climate change. Recognized as one of the Top 100 Global Thinkers according to Foreign Policy magazine, Arvind Subramanian's Of Counsel : The Challenges of the Modi-Jaitley Economy is a deep-dive into the man, the moments, the measures and the means.… (mer)
Medlem:Dilip-Kumar
Titel:Of Counsel. The Challenges of the Modi-Jaitley Economy
Författare:Arvind Subramanian (Författare)
Info:Penguin Random House India, Viking (2018), 336 pages
Samlingar:Finished reading, Ditt bibliotek
Betyg:***
Taggar:economics, economic policy, India, Modi, Jaitley

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Of Counsel: The Challenges of the Modi-Jaitley Economy av Arvind Subramanian

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One approaches this book with a lot of expectations, as the author, an eminent economist, was presumably privy to many of the present government's big decisions, especially the big disruption of wholesale demonetisation in 2016. Disappointingly, the author seems to duck the issue, not passing an economist's judgement, but instead asking why the measure received so much popular support. This ploy of assessing by making a virtue of necessity is seen in other cases as well, which shows up the fundamental weakness of too close an identification with the ruling dispensation. This is ironical, as the author (rather disingenuously) castigates the experts and intellectuals in India precisely on this count, of being unwilling to speak truth to power. Thus the initial chapters, on the economics, are rather unfulfilling. The section on macro-economic policy (deficits and public debt and so on) are scholarly but difficult to comprehend (this obviously ascribable to the reader's limitations). It is the the section on climate change policy that may, strangely, be the most balanced and well reasoned, although as he admits, this is not in his area of expertise. ( )
  Dilip-Kumar | Apr 15, 2021 |
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For nearly four years, Arvind Subramanian stood at the centre of economic policymaking in India. Through the communication of big ideas and the publication of accessible Economic Surveys, he gained a reputation as an innovator. Through honest pronouncements that avoided spin, he became a figure of public trust. What does it entail to serve at the helm of the world's fastest-growing economy, where decision-making affects a population of more than a billion people? In Of Counsel : The Challenges of the Modi-Jaitley Economy , Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan as captain of the ship. With an illustrious cast of characters, Subramanian's part-memoir, part-analytical writings candidly reveal the numerous triumphs and challenges of policymaking at the zenith, while appraising India's economic potential, health and future through comprehensive research and original hypotheses. Charged with the task to restructure an insecure and fragile economy, Subramanian's trusteeship has seen the country through one of the most hotly contested and turbulent periods of economic governance and policymaking in recent decades-from the controversial recall of 85 per cent of circulated currency during demonetization to a complete overhaul in taxation with the introduction of the GST. Subramanian also addresses the overleveraging of public-sector banks, the fraught links between the state and private sector ('stigmatized capitalism'), the changing relationship between the state and the individual, and the ever-pervasive, life-threatening issues surrounding climate change. Recognized as one of the Top 100 Global Thinkers according to Foreign Policy magazine, Arvind Subramanian's Of Counsel : The Challenges of the Modi-Jaitley Economy is a deep-dive into the man, the moments, the measures and the means.

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