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The Future of India - Politics, Economics and Governance
The Future of India - Politics, Economics and Governance

The Future of India - Politics, Economics and Governance

by Bimal Jalan

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Product ID:23898

Language

English

Publisher

Penguin

ISBN

0143062123 - Year: 2006 - Pages: 212

Binding

Paperback

Bimal Jalan

Author: Bimal Jalan
Publisher: Penguin
Year: 2006
Language: English
Pages: 212
ISBN/UPC (if available): 0143062123

Description

In The Future of India: Politics, Economics and Governance, Bimal Jalan, former governor of the Reserve Bank of India, takes up the formidable challenge of examining the nuts and bolts of this proposition. In his thought-provoking, clear-sighted analysis, he argues that the key factors to success are three: politics, economics and governance. It is the interface between these, and their combined effect on the functioning of our democracy, which will largely determine India’s future. An understanding of this interface will help explain the swings in India’s political and economic fortunes over the past decades, and why the promise has been belied.



In the light of experience, argues Jalan, there is no certainty that the present euphoria will last unless there is the political will to seize the new opportunities that are available. He proceeds to suggest steps that can be taken to smoothen our path to progress: ways to strengthen Parliament and the judiciary; a series of political reforms that would, among other things, see greater accountability among ministers; and effective ways to curb corruption and enhance fiscal viability. In all these there is an emphasis on the pragmatic, born of Jalan’s experience as an administrator, economist and member of Parliament.



Contemporary and topical, The Future of India, perhaps more than any other book on the subject, shows just how a future close enough to be seen need not forever remain elusive to the grasp.

Contents

PREFACE



INTRODUCTION



ONE

THE TRIUMPH AND TRAVAILS OF DEMOCRACY

The Rewards of Freedom

The Functioning of India’s Democracy

The Shrinking Role of Parliament

The Politicization of the Bureaucracy

An Overburdened Judiciary



TWO

THE ECONOMICS OF NON-PERFORMANCE

The Deadweight of the Past

The Power of Distributional Coalitions

The Disjuncture between Economics and Politics



THREE

The Crisis of Governance

The Poor in Shining India

The Myth of Collective responsibility

The Failure of Administration



FOUR

THE SUPPLY AND DEMAND OF CORRUPTION

The Economic Effects of Corruption

The Need for Institutional Reform

Supply-side Measures

Demand-side Measures



FIVE

THE REFORM OF POLITICS

The Economic Role of the State

The Role of Small Parties

Elections to the Council of States

The Reform of Parliamentary Procedure



EPILOGUE: A RESURGENT INDIA



INDEX

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