Tags from this library: No tags from this library for this title. Log in to add tags. Average rating: 0. Log in to your account to post a comment. Export Cancel. While India fairs well in terms of GDP, its pitfalls in terms of low gender ratio, high infant mortality rates, inability to provide basic necessities of food and education to all, showcase how economic development may fail to impact the life of the masses.
It reflects upon the inability to provide a favourable environment in sociological terms thus failing the idea behind high economic growth. The pitfalls of the present structure are presented with an outline of how the schemes have been developed to meet the social cause.
Emphasis is placed on how a government measures the percolation of a policy through a society and tries to launch and implement effective policies. The author brings forth the effort, intent and results of policy changes and brings clarity and appreciation to the effort involved in the process of governance.
I recommend this book to everyone who wishes to have an informed opinion over the policies in the country and around the world. View all 7 comments. Mar 03, Rahul H rated it really liked it. Could have been way more better considering the fact that it is IIM-A brand book. Aug 08, Shivanshu Singh rated it really liked it.
This book does a great job explaining the economic phenomena and terms that we encounter daily, albeit in its simplistic form. However, it does not present the full spectrum of various nuances of economic thought. To paraphrase the author, it is enough for us to assume that Earth's path around the sun is elliptical to explain the various celestial phenomena, this book should be understood in that context. This book doesnt teach any major concept of economics.
This book has nothing to do with day to day economics, there are no graphs no mathematical equations. Any professor from a small town like Batala in Punjab can write such a trivial book.
Really a shame! Jul 03, Suraj rated it liked it. This book is by far one of the best books on economics, that I've read and didn't have to re-read it for a better comprehenion. The book begins to explain about the possible consequences of private sector involvement in sectors such as electricity and Defence and Education. Why lighthouses are managed by the government and why the supply of potable water is managed by a PSU.
It covers myriad topics be it Fiscal and Monetary Policy of the Indian government, reasons for bumps and sags in the GDP, wh This book is by far one of the best books on economics, that I've read and didn't have to re-read it for a better comprehenion. It also goes one step ahead to talk about why and how stock markets function and how the animal spirits of ours, can help in reducing the inflation prevalent by increasing the output.
And these are just the headers. A worthy read for all those interested in the workings of the economy of a country. Growing up, slowly we gain inquisitiveness around the functioning of the government and economy related to us. Every Feb, adults all around you stay glued to the TV. You try your best to follow it but the financial jargon thrown just hits you in the face. Fiscal deficit, repo rate and what not! You try to read the economic section of the paper and all that too is Greek and Latin!
Nominal GDP growth rate, inflation etc. How we wish that someone would explain these terms from the very basics to us. Well,this book does exactly that! The author without sounding too academical anywhere has done an excellent job of explaining some deep concepts of economy like Nominal GDP,Repo rate, headline inflation on a language that is understandable even to a high school kid!
Right from the first chapter where he explains the scope for government interference in market to the last chapter where in he explains why GDP growth rate is not a true reflection of the nation's growth without considering the human development indicators,one can grasp the concepts easily due to the various examples given and the author's way of explanation. If ever you wanted to know and understand about Indian economy, this book is for you. It gives you a strong basic understanding of Indian economy which one can build upon.
As he rightly terms it, the book is a rookie's guide to Indian economy. It would also help one in their personal economic spehere of where and what to invest once they can get to understand the Repo rates, stocks and shares. Trust me, after reading this simple book you would be able to answer the question as to when does RBI increase or decrease the repo rate to banks?
Go for this book if you want to have an understanding of various economic concepts like GDP,stocks and shares, recession and the Indian economy. May 01, Karthick rated it it was amazing Shelves: must-read , mind-blown , favorites , economics-banking. This is another wonderful and informative book after Roopa Pai's - 'So you want to know about economics'. I would say its level 2 book on economics.
You cannot omit even a single page. Terms, definition, explanation - everything you have. Author highlights a very important thing that is we all specialize in our own area of interest and profession like engineer, doctor, lawyer, teacher, manager etc.
I would say Economics is a mandato This is another wonderful and informative book after Roopa Pai's - 'So you want to know about economics'. Must read for an amatuer! Nov 16, Nithesh S rated it liked it Shelves: non-fiction. A decent primer on basic economics. The writer does not bore the reader in an part of the book. Best summary in the author's own words would be, "Like Adi Shankaracharya's quick attempt to understand the life of a householder, reading this book can be your quick attempt to get up close and personal with economics.
Aug 21, Shreyas Divan rated it really liked it. A small, easy read for introducing basic macro terms, especially the ones you find popular during the annual Indian financial budget presentation period. Oct 03, Kumar Anshul added it. The book is small only pages but is an honest attempt towards making a layman understand the practical meaning of economics jargons and their relevance in current Indian scenario.
Economics is largely been considered an esoteric as well as a prosaic subject. Add to it the multitude of expressions that are unique to this subject, and it almost becomes a topic that many people are w I have bought the entire boxset of IIM A books A set of 5 books and this was the first book that I picked up. Add to it the multitude of expressions that are unique to this subject, and it almost becomes a topic that many people are wary of.
This book will help you to understand the basic concepts of inflation, taxes direct and indirect , depression, economic growth, unaimed opulence, growth and health indicators. Sanket Mohapatra chr-eco iima. Kavitha Sudheeran execsec-eco iima.
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