Saturday, June 15, 2019

What the Economy Needs Now - Short Book Review

Had this been a book by any other set of authors, I would have rated this book higher. But, being a book containing notes and writings from some of the best India-associated economists, I had high expectations from the book, which it delivered, only marginally.

For starters, the book does an excellent job of summarising and succinctly doing what its title claims i.e. tell one what the economy needs. However, the brevity of the book is its key problem. The book takes on major issues such as environmental change, land acquisition reforms, financial sector reforms etc, and wraps up the solution in bullet points, ironically doing exactly what it largely criticises the government for - being broad based in policy declaration and ignoring the specifics.

Overall, I would recommend this book to anyone who wants to get up to speed on where India stands vis-a-vis its economic problems, and a special shout out to Karthik Murlidharan's outlier essay on reforming the Indian education system, which is truly a wholesome recommendatory piece backed by ample evidence, quite unlike the generic nature of the other chapters.

The book can be bought here on Amazon

Review on Goodreads is available here 

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