How bad is the Global Crisis? Will the Indian economy be hit hard? What can we do to protect ourselves from global turmoil? Is a growth recession inevitable? How well did we cope with the massive foreign capital inflows in the last five years? Did we follow a good exchange rate policy? What explains the surge in national savings and investment? Can we revive the economic boom of 2003-08? Do we have good road maps for reform of banking and finance? Do oil bonds make sense? How long can we sustain massive subsidies? Are economic disparities in India rising? Where are the new jobs? How good (or bad) is the UPA Government's economic legacy? In these short essays Shankar Acharya provides crisp answers to these and many other questions about India's economic policies and performance.
Shankar S. Acharya: Graduate from Oxford (1967) and Ph.D. from Harvard University (1972), Dr. Shankar Acharya served as Chief Economic Adviser (in the rank of Secretary) to the Government of India for eight crucial years, 1993-2000, during which he was closely associated with the process of economic reforms. Currently he is Reserve Bank Chair Professor at the Indian Council for Research on International Economic Relations (ICRIER), New Delhi. He lectures widely and is a consultant to international institutions.