In Service of the Republic, Vijay Kelkar
In Service of the Republic, Vijay Kelkar
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In Service of the Republic
The Art and Science of Economic Policy

Author: Vijay Kelkar, Ajay Shah

Narrator: Bhuvana Anand

Unabridged: 14 hr 33 min

Format: Digital Audiobook Download

Published: 06/04/2024

Synopsis

As a $3-trillion economy, India is on her way to becoming an economic superpower. Between 1991 and 2011, the period of our best growth, there was also a substantial decline in the number of people below the poverty line.Since 2011, however, there has been a marked retreat in the high growth performance of the previous two decades.What happened to the promise? Where have we faltered? How do we change course? How do we overcome the ever-present dangers of the middle-income trap, and get rich before we grow old? And one question above all else: What do we need to do to make our tryst with destiny?As professional economists as well as former civil servants, Vijay Kelkar and Ajay Shah have spent most of their lives thinking about and working on these questions. The result: In Service of the Republic, a meticulously researched work that stands at the intersection of economics, political philosophy and public administration. This highly readable book lays out the art and the science of the policymaking that we need, from the high ideas to the gritty practicalities that go into building the Republic.

About The Author

Vijay Kelkar served the Government of India as petroleum secretary, finance secretary and chairman of the Thirteenth Finance Commission of India. He also served as director of the United Nations Conference on Trade and Development (UNCTAD) and as executive director of the International Monetary Fund. In 2011, the President of India conferred the Padma Vibhushan upon him. He has a master's from the University of Minnesota and a PhD from the University of California, Berkeley.Ajay Shah has worked at the Centre for Monitoring Indian Economy, the Indira Gandhi Institute for Development Research and the Ministry of Finance. He is a professor at the National Institute of Public Finance and Policy (NIPFP). His areas of research include economics, law and public administration. He has a BTech in aeronautical engineering from IIT, Bombay, and a PhD in economics from the University of Southern California, Los Angeles.

Reviews

Goodreads review by Venky

In their thought provoking and densely technical book titled “In Service of the Republic”, former Finance Secretary to the Government of India, Vijay Kelkar, and Professor at National Institute of Public Finance and Policy in New Delhi, Ajay Shah track the trajectory of the Indian economy, alluding......more

Goodreads review by Suman

This is what all text books should be like. A text book on public policy, it makes the subject interesting and enjoyable. And it relates the concepts to current policies as well as the current problems of the country. Extremely important book to read.......more

Goodreads review by Vishwesh

This book offers a deep and insightful exploration of how economic policy is crafted, focusing on India's unique challenges. Kelkar and Shah, both experienced economists, use their vast knowledge to break down complex economic concepts, making them accessible to policymakers and layman readers. The b......more

Goodreads review by Civilisation ⇔ Freedom of Speech

4.5/5 This was a classy, mature book and a lot different in tone from usual books on macro-economics. Starting from analysing the very need of state intervention, it goes on to explain policy-making - the pitfalls and the reasons for those pitfalls, the need for institutions over the Indian preferen......more

Goodreads review by Hrishikesh

Deeply disappointed. Dr. Vijay Kelkar is one of those elders whom I was very keen on reading. But the book has left me disappointed because it is (a) Very theorising; (b) Quite superficial in the sense that it does not discuss any problem in depth - it rather skins over a variety of topics; and (c) S......more

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