Populism or realism? The book recounts the economic effects of unconventional voter-centric democratic politics in an emerging economy that delivers a mixed bag of results.India Emerging is the story of a resilient nation and its people who have survived inaction and hyperactivity by two successive governments.This is a story of a demand-centric economy that keeps growing, despite unconventional solutions that bring diverse results-some good, some bad and a few ugly.From banking and economy to industry and environment, food and agriculture to telecom and information technology-the book analyses Indian economy post 2014, bereft of jargon.The book is a riveting read on the ups and downs of the Indian economy, its industry, agriculture and its digital transformation.Fitting with contemporary literature, India Emerging meets the needs of societal change happening through executive action, in the eyes of the media.Sandip Sen is an author, journalist and a TV commentator. He has worked for The Indian Express, Delhi Press and IPP as an editor and has authored two books. He has been published by national newspapers such as The Times of India, Hindustan Times, DNA, Hindu Business Line, The Economic Times, Financial Express, besides think tanks like CSE, TERI and ORF for more than a decade. Prior to journalism, he worked for 10 years in the energy industry and 22 years in manufacturing. Aarohi Sen is a principal at Accenture. He is a thought leader researching on the impact of digital technologies on large industrial enterprises. He joined Accenture in 2007 and has worked on ideas of innovation, the future of IT and manufacturing operations. He has been a contributor to leading business periodicals such as The Harvard Business Review, The European Business Review, Fortune and Mint. The views expressed in the book are his own and not of Accenture.India, like most democratic developing nations, is prone to populist politics. In the search of votes, politicians look for popular solutions with mass appeal. Some popular solutions benefit the poor, some hurt the economy. Poor economics leads to falling numbers. Falling numbers get statistically captured as economic data. And, the impact of such economic data is immense. This data can lift or crash currency markets, stock markets, affect credit ratings, fuel inflation, affect new investments and even result in mass layoffs. However, there is always a story behind the data. These stories are guided mostly by executive decisions. Some decisions are far-reaching and beneficial to the masses, some cater to political vote banks, some are guided by increasing activism, some serve the need for social justice, some are aimed at environmental protection, while some are simply driven by the greed of power or wealth. This is the story of every regime. The book narrates this compelling data story in a layman's language. Even where data is wrong it leaves behind a tell-tale mark of anomalies, which trips the economy sooner than later. Fudged, incorrect or lazily collected data is worse than genuine but unimpressive data as you do not know what to correct. India Emerging thus captures this dialogue on the pros and cons of economic and political decisions that can be understood by the common voter who is neither an economist nor an academician.India Emerging tells the story of an economy that has turned the tide but has still failed to live up to the expectations. Of executive actions and its pros and cons narrated in layman's language and supported by data. Of a nation adopting a bold but risky reforms path that succeeds only in parts and drives an emerging economy into a new learning curve.
|Author:||Sandip SenAarohi Sen|