In 2017, the Modi government will depart from tradition and announce the Union Budget on 1 February 2017. As usual, there will be a lot of numbers and figures that will come at you, and everybody will turn into an Indian economy expert overnight. But don’t worry — we’ve just the right books for you to help understand this behemoth that is the Indian economy, and rule over the economic debates you will find yourself in in the coming days:
India Unbound: From Independence to Global Information Age
No popular book perhaps captures the modern Indian economy better than this succinct economic history. Starting from 1942, the year of the author’s birth, this book is a great mixture of memoir, economic analysis and investigation into the understanding of India. A must-read for all students of economics, this is the first stop on the journey to understand how the Indian economy works.
Restart: The Last Chance for the Indian Economy
Columnist Mihir Sharma’s book takes a hard look at the Indian reality, in an age of crony capitalism and big policy announcements. This book seeks to answer the Indian’s eternal dilemma: ‘Why haven’t we done as well as we should have’? A book that surmises all the problems the Indian economy faces, and what can be done to resolve them.
Demonetisation: The Good, the Bad and the Ugly
Demonetisation: Pros and Cons
Narendra Modi’s 8 November announcement took India by shock. Nearly three months later, we’re still feeling the effects of this radical policy change. These two short books by Mint and Business Standard contain all that you need to know about this policy move, and will help you understand both sides of the demonetisation debate. A compilation of the best writing on the subject by leading economists, writers and business journalists.
The Goods and Services Tax is coming, no matter where you run. Merging most of the existing indirect taxes like VAT, service tax, etc., the GST has been proposed as a one-stop solution to India’s tax collection woes. This short collection of articles from one of India’s most respected business papers maps out the meaning and effects of this proposed tax excellently.