The fact that the authors have had a first-hand understanding and a ring-side view of Indian policy settings (in different capacities), and at the same time, the living experience of the international efforts to deal with the crises is reflected in their competent and insightful treatment of a most topical theme that continues to draw both heat and light, and animated engagement in the public space. Their effort is distinctive in that it provides an Indian perspective to the subject and fills an important gap in the swelling literature on the global crisis.
(Dr C Rangarajan)
For anyone interested in learning how the recent global financial crisis came about, how it impacted the world and India, and how the latter responded to the challenge posed by it, this book offers a clear and comprehensive one-stop analysis.
A large body of literature is already pouring in on the genesis, manifestation, and outcome of the worldwide meltdown, but few have taken the broad international view and combined it with an in-depth study of a large emerging economy. The authors of the book have done it, and done it successfully.
(Professor V S Vyas)
[The book] is notable for its breadth of coverage of issues directly and indirectly...highly informative...a must read for all those interested in the impact of global crisis on India...will be relevant for a long time to come.
(ASCI Journal of Management)
About the Author
Adarsh Kishore is Chairman of Axis Bank Ltd. He has held several important positions, such as Principal Finance Secretary to the State Government of Rajasthan, Principal Secretary to the Chief Minister of Rajasthan, and Union Finance Secretary of Government of India. He has also served as Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF, Washington D.C., USA. He has published several papers in academic journals and books such as Economic Reforms: State–Market Synergy (1996).
Michael Debabrata Patra is Senior Adviser to Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF. He is a career central banker with 25 years of experience in the Reserve Bank of India (RBI) in key policy positions and had held the position of Adviser-in-Charge in the Monetary Policy Department before joining the IMF. He has published in national and international journals.
Partha Ray is Professor, Department of Economics at Indian Institute of Management, Kolkata. He was Director, Department of Economic and Policy Research, RBI. He is a career central banker with 20 years of experience in the RBI. During August 2007–April 2011, he was Adviser to Executive Director for Bangladesh, Bhutan, India, and Sri Lanka at the IMF. He has published in national and international journals.