- Delhi, India
- Deputy Chairman of the Indian Planning Commission from 2004 to 2014. Long career in Givernment as an economist and ... moreDeputy Chairman of the Indian Planning Commission from 2004 to 2014. Long career in Givernment as an economist and civil servant and also in the international financial institutions ( World Bank and the I MF ).edit
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It is a privilege for me to deliver the K R Narayanan Oration this year. I had the pleasure of knowing President Narayanan before he became President of India, and have very warm memories of his kindness and gentleness of character, and... more
It is a privilege for me to deliver the K R Narayanan Oration this year. I had the pleasure of knowing President Narayanan before he became President of India, and have very warm memories of his kindness and gentleness of character, and also his deep insight into social problems. I first met him in 1985 when he joined the government as Minister of State for Planning in the Government of Prime Minister Rajiv Gandhi. I happened to be a civil servant in the PM’s office at the time and I remember asking him how it felt to move from a distinguished career as a diplomat into the very different world of politics. With his characteristic self-deprecating humour, he said, “Well, I am now supposed to do Planning, but honestly, I often feel more planned against than planning.” I wondered at the time, whether he was referring to the stress of being a planner which is considerable or the stress of being a politician. I imagine he had in mind a bit of both.
Research Interests: Political Science and Anu
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Opinions on the causes of India's growth deceleration vary. World economic growth was slower in the second half of the 1990s, and that would have had some dampening effect, but India's dependence on the world economy is not large... more
Opinions on the causes of India's growth deceleration vary. World economic growth was slower in the second half of the 1990s, and that would have had some dampening effect, but India's dependence on the world economy is not large enough for this to account for the slowdown. Critics of liberalization have blamed the slowdown on the effect of trade policy reforms on domestic industry. However, the opposite view is that the slowdown is due not to the effects of reforms, but rather to the failure to implement the reforms effectively. This in turn is often attributed to India's gradualist approach to reform, which has meant a frustratingly slow pace of implementation. However, even a gradualist pace should be able to achieve significant policy changes over ten years. This paper examines India's experience with gradualist reforms from this perspective.
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... 74 Journal of Economic Perspectives Page 9. of industries and majority ownership in all exceptbanks, insurance companies, telecommunications and airlines. ... Poten-tial foreign investors investing within these limits only need to... more
... 74 Journal of Economic Perspectives Page 9. of industries and majority ownership in all exceptbanks, insurance companies, telecommunications and airlines. ... Poten-tial foreign investors investing within these limits only need to register with the Reserve Bank of India. ...