Glimpses of Indian Economic Policy

Few scholars have seen the evolution of Indian economic policy as closely as I. G. Patel. This book is an autobiographical account of that experience. Apart from the author s maturing into an economist of repute, the book discusses many of the economic landmarks since Independence, such as the Second Five-Year Plan, foreign aid and the controls regime, the response to the war with China and gold control, the 1966 devaluation, the nationalization of banks, the Bangladesh war, the beginning of systemic corruption, the politicization of economic institutions, and the response to the second oil crisis. For scholars working on development, India watchers , university students, civil servants, policy-makers and the general reader, this book makes fascinating reading.Table of ContentPREFACE; CONTENTS; 1. THE MAKING OF AN ECONOMIST, 1942-54; 2. DEPUTY ECONOMIC ADVISER, 1954-8; 3. WASHINGTON D.C., 1958-61; 4. THE CHIEF ECONOMIC ADVISER, 1962-6; 5. THE RISE OF MRS GANDHI, 1967-72; 6. THE UNITED NATIONS DEVELOPMENT PROGRAMME, 1972-7; 7. THE RESERVE BANK OF INDIA, 1977-82; APPENDIX I: THE LONG SHADOW OF THE SECOND WORLD WAR; APPENDIX II: ON A PERSONAL NOTE; INDEX