India Rising, fact or myth? Enlighten your vision with these must reads

by July 27, 2013 0 comments

Considered to be one of the fastest developing countries across the globe along with China, India has been on the radar for quite some time recently. However, the picture in India is not as rosy as it looks likes. India has still a long way to go before it can really become a super power. Throwing more light on these issues are two good reads which are simply a must

An Uncertain Glory:India and its Contradictions by Jean Drèze & Amartya Sen:

An Uncertain GloryAn Uncertain Glory, Written by two leading economists of India, Jean Drèze & Amartya Sen who draw the attention of the readers on how the gap between the have and the have-nots is widening. The main cause of this gap is the lack of attention paid by the governing bodies to provide a sustainable lifestyle to the poor.  Public amenities, infrastructure, basic education, medical services have been lagging behind to a great extent despite decent growth rates.

The situation can be remedied provided India has a dedicated and committed governing body that can implement, administer and even manage its so called idealist policies at the grass root level. If India is one of the fastest developing countries there is no valid reason why these issues take a back burner and hence the requirement of a committed and dedicated government to mould the economy in the right manner.

About the authors –
Jean Drèze, naturalized Indian of Belgian origin has influenced the Indian economic policies to a great extent. He has written extensively on famine, hunger and gender inequality in India. He has been credited with conceptualizing and drafting the first version of NREGA.

Amartya Sen, an Indian economist and winner of the Nobel Memorial Prize in Economic Sciences in 1998. He has made significant contribution to welfare economics, social choice theory and indexes of the well-being of citizens of developing countries.

India’s Tryst with Destiny by Jagdish Bhagwati & Arvind Panagariya:

Indias Tryst with DestinyIndia’s Tryst with Destiny, Written by Jagdish Bhagwati & Arvind Panagariya, India’s Tryst with Destiny is a myth revealing book emphasizes that rapid growth at a sustainable level is the preferred way out to uplift the masses for it can generate enough revenues which could be utilized for providing basic education and health facilities for the economically backward classes.

They have collated sufficient systematic data along with analysis to substantiate their view point. In fact, they disagree with the populous opinion that the leadership and the governing bodies have ignored the masses or not paid adequate attention to their progress.

About the authors-
Jagdish Bhagwati, an American economist who has done extensive research in international trade and a staunch promoter for free trade. At present, he is the professor of economics and law at Columbia University.

Arvind Panagariya, an Indian-American economist who has worked as the Chief Economist at the Asian Development Bank.Currently, he serves as the Bhagwati Professor of Economics at Columbia University. As you glance through the synopsis of both the books written by noted and distinguished Indian economists have two contrary viewpoints which make these books a must read.

However, the fact of the matter does remain true that despite one of the fastest developing nation, India has still a long way to go to reach the top. Dedicated commitment and honest hard work is what can lead to India to a glorious future.







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