Based on extensive research and data, and aided by Bimal Jalan’s experience as the former Governor of the Reserve Bank of India, this book gives us a vision for the way ahead. Since 2014, the political profile of the Indian Union government has changed dramatically. After a long period of coalitions and their innate issues and delays they bring to the reform process, we have a government that has a majority on its own. This puts India in a great place to initiate some strong, much-needed political and economic reforms in order to promote overall national interests. Before diving in, it is important to look back and learn from our past experiences, so that we don’t repeat the same mistakes. And who better than Bimal Jalan to take us through India’s economic past. Divided into two sections, ‘Learning from our Economic Past’ and ‘Beyond the Metrics of Economy’, the essays in this volume cover a range of topics—from economic and political reforms to good governance—and a recounting of the lessons they provide is bound to contribute immensely to the contemporary debate about India’s approach to its economy and political reforms in the twenty-first century.

Section I
Learning From our Economic Past
1.Towards a Balance of Payments Viability : 1991
2.After tyhe Crisi : The Need for a New Strategy : 1992
3.Trade,Investments and Capital Flows : 1996
4.International Financial Architecture : 2002
5.Exchange Rate Management : 2002
6.Finance and Development : A Shifting Paradigm : 2017
7.India'sEconomy in the Twenty-First Century : 2019

Section II
Beyond the Metrics of Economy
8.The Role of Parliament : 2007
9.The Executive and the Judiciary : 2007
10.The Crisis of Governance : 2005
11.The Economics of Non-Perfomance : 2005
12.A Definite Agenda for Political Reforms : 2018