Magzter GOLD ile Sınırsız Olun
Sadece 9.000'den fazla dergi, gazete ve Premium hikayeye sınırsız erişim elde edin
India's incomplete Odyssey
Business Standard
|November 04, 2025
BOOK REVIEW
India's economic evolution since independence has been the subject of several recent books. This rather long but readable book is special because it connects economic development with political and administrative evolution and is the joint product of Devesh Kapur, a professor of South Asian Studies in the United States, and Arvind Subramanian, best known as a policy analyst.
Their judgement on the policies that shaped the economy is exceptionally critical for the pre-1980 period, but also argues that the required structural transformation has not taken place fully in the post-1980 period of higher growth. This is reflected in their chapter titles listed below in the main part of their economic evaluation for the entire period:
· Misunderstood and Misdiagnosed: India's Growth and Policy Regime . Planning Failure: Neither Growth nor Structural Transformation
. Failure Amid Success: Robust Growth Without Structural Transformation
· The Kamadhenu Fiscal and Redistributive State
· Globalisation Skewed and Ambivalent
Bu hikaye Business Standard dergisinin November 04, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business Standard'den DAHA FAZLA HİKAYE
Business Standard
Avoid over-allocation and chasing recent performance
In calendar year (CY) 2025, sectoral funds tracking the Nifty PSU Bank (26 per cent), Nifty Auto (20 per cent) and Nifty Metal (24 per cent) emerged as top performers.
2 mins
January 02, 2026
Business Standard
Moving with the times and tides
From open outcry trading and paper share certificates to demat accounts, the BSE has come a long way
1 min
January 02, 2026
Business Standard
From herstoric win to space glory, all that shaped the India story
Rediffusion's 'Hits & Misses' survey on what dominated the country's landscape
2 mins
January 02, 2026
Business Standard
The secret sauce to superior equity returns
Driven by disciplined capital management and macro stability efforts, the Indian stock market has delivered stellar long-term returns, consistently ranking among the best global performers for 40 years
3 mins
January 02, 2026
Business Standard
'India is still at an early stage in passive investing compared with US'
The Sensex’s 40-year milestone comes at a time when passive investing is reshaping India’s capital markets, with indices increasingly forming the backbone of investment products.
2 mins
January 02, 2026
Business Standard
The changing script of India’s most honest storyteller
When the Sensex was first published in 1986, India was still a closed, slow-moving economy trying to find its footing.
3 mins
January 02, 2026
Business Standard
Excise duty on tobacco, health cess on pan masala from Feb 1
Tobacco products and pan masala will attract additional central excise duty and Health Security se National Security Cess, respectively, with effect from February 1, the Ministry of Finance said in a series of notifications issued late on Wednesday.
3 mins
January 02, 2026
Business Standard
Risk-weight rules for NBFC infra loans relaxed
The Reserve Bank of India (RBI) on Thursday eased its proposed risk-weight framework for infrastructure lending by non-banking financial companies (NBFCs) following industry feedback, as it retained key lender protection norms.
1 min
January 02, 2026
Business Standard
BSE Sensex tops other asset classes by a hefty margin in 40 years
It has beaten gold and traditional savings, delivering a consistent winning streak while creating significant wealth for ordinary people who held their investments through decades of economic growth
4 mins
January 02, 2026
Business Standard
Legacy companies make way for modern businesses on the index
Family-owned firms’ predominance in the Sensex is in relative decline over the life of the index.
5 mins
January 02, 2026
Listen
Translate
Change font size