Resurgent India: The Economics of Atmanirbhar Bharat

The government and monetary authorities took steps to boost the economy during the COVID-19 pandemic, such as conventional and unconventional stimulus measures. This book examines the impact of these measures on India's economic recovery and provides a roadmap of policy suggestions to make India a self-reliant nation. It highlights the importance of achieving an Atmanirbhar Bharat, short-term and long-term structural reforms, agricultural reforms, and bold measures like asset monetization of PSUs and government's re-think on retrospective taxes.

Format: Hardback
Length: 250 pages
Publication date: 08 August 2022
Publisher: Oxford University Press

Amidst the global devastation caused by the Coronavirus, governments and monetary authorities, including the Reserve Bank of India, took decisive action to mitigate the adverse impact on economic growth. This momentous occasion called for the Government and the people of India to embark on a transformative journey, rebooting, redrawing, and reinventing the wheel of progress to secure a new and improved standing in the World Economic Order. Recognizing the prevailing macroeconomic scenario in India in June 2020, the authors committed to examining and evaluating the significant measures and policies announced by the Government.

Part 1 of the book delves into the preceding trends in India's economic growth from 2010 to 2020, the initial impact of the virus on the Indian economy, the macroeconomic perspectives, including the necessary fiscal measures outlined in the first post-pandemic budget for 2021-22, and the country's progress toward economic recovery in the first quarter of 2022.

Part 2 critically analyzes the policy initiatives undertaken by the Government to achieve an Atmanirbhar Bharat (self-reliant India), encompassing short-term and long-term structural reforms, agricultural reforms, the six pillars upon which the union budget 2021-22 has been formulated, and bold measures such as the proposal for asset monetization of PSUs and the government's re-evaluation of retrospective taxes.

Part 3 presents a comprehensive roadmap of policy suggestions aimed at transforming India into a self-reliant nation. These initiatives hold the potential to double farmers' income and establish India as a global manufacturing hub. This section also emphasizes the importance of cooperative federalism and challenges faced by the country.

In conclusion, the book serves as a valuable resource for policymakers, researchers, and stakeholders interested in understanding the economic landscape of India and the measures taken to navigate the challenges posed by the Coronavirus. It provides a comprehensive analysis of the past trends, current policies, and future prospects, offering valuable insights into India's journey toward economic resilience and prosperity.

Weight: 438g
Dimension: 146 x 224 x 22 (mm)
ISBN-13: 9780192866486