India After The Global Crisis

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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.

ABOUT THE AUTHOR Shankar Acharya

Shankar Acharya is one of Indiaâ€™s leading policy economists. As Chief Economic Adviser to the Government of India (1993-2000) he was deeply involved in the economic reforms of the 1990s. He also served on the Securities and Exchange Board of India (SEBI) and, more recently, as Member, Twelfth Finance Commission (2004). He has authored several books and numerous scholarly articles. Currently he is Honorary Professor and Board Member of the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. He also serves on the governing boards of other national research organizations (including NCAER and NIPFP) and various advisory bodies of Government, the Reserve Bank and some corporates. He writes regularly in the Business Standard and is a consultant to international organizations. Dr. Acharya has a Ph.D from Harvard University and a B.A. from Oxford.