Breaking the Mould : Reimagining India’s Economic Future by Raghuram G.Rajan and Rohit Lamba
Title: Breaking the Mould : Reimagining India’s Economic Future
Author: Rajan Raghu Ram and Rohit Lamba
Pages: 336
Publisher: Penguin Business
Buy now:
About the book:
The book by Raghuram Rajan and Rohit Lamba presents a novel viewpoint on India’s economic development, arguing against following traditional development routes in favour of a distinctive and indigenous strategy. The SMILE curve is shown by the authors, who highlight the role that premium services will have in propelling future expansion. They discuss issues including automation, global protectionism, and low-skilled manufacturing while offering insights on how the manufacturing industry is changing and how important services are to the process.
The book explores the causes of China’s manufacturing success and links India’s manufacturing deficit to past events like the licence raj and onerous regulations. In order to take advantage of the changing global value chains, it criticises antiquated policies and recommends a move towards high-value services. The approach gains practical importance from the inclusion of real-world examples, such as the business models of Tilfi and Lenskart. The review urges readers to set aside political viewpoints in order to concentrate on the insightful information and knowledge provided by the book, which makes it a worthwhile read for anyone looking to gain a deeper understanding of India’s economic opportunities and challenges—in spite of any potential biases related to Raghuram Rajan’s viewpoints.
In conclusion, readers looking for a comprehensive understanding of India’s economic landscape will find Raghuram Rajan and Rohit Lamba’s book to be a useful resource. The writers present new insights on the obstacles impeding the country’s development by proposing a unique developmental strategy and introducing the SMILE curve. The book offers forward-thinking perspectives on utilising high-end services for future economic growth in addition to criticising past policies and their effects on India’s industrial industry.
About the Author:
Raghuram Rajan, an Indian economist, professor, and author, is known for his contributions to economics and his role as the 23rd Governor of the Reserve Bank of India. Born in 1963, he holds a bachelor’s degree in electrical engineering and a Ph.D. in economics from MIT. Rajan has held various positions, including Chief Economist and Director of Research at the IMF and Governor of the Reserve Bank of India. His written works, such as “Fault Lines: How Hidden Fractures Still Threaten the World Economy,” provide insights into global financial issues.
Rohit Lamba is an economist at pennsylvania state university. He is an economic theorist with wide interests in applied and policy related questions.
More Stories
Booker Prize winner Arundhati Roy’s Memoir to Be Released: Mother Mary Comes To Me
Reportedly, award-winning author Arundhati Roy will publish a book titled "Mother Mary Comes to Me," which will provide readers with...
The Book Fair at Suchna Kendra, Udaipur, Is Exciting!
Discover the National Book Trust's Udaipur Book Fair 2024 at Suchna Kendra, which runs till September 26 and features over...
Apollo Hospitals introduces “The Pink Book” to improve the healthcare industry’s safety framework.
"The Pink Book," a framework intended to improve safety procedures throughout healthcare institutions, has been introduced by Apollo Hospitals. The...
Shortlisted nine authors from the NT for the Chief Minister’s best book in 2024
Nine NT authors could write the top novels in the Territory for 2024.This year's Chief Minister's Book Awards shortlist includes...
The Viksit Bharat Fellowship program is launched by the BlueKraft Digital Foundation to support creative and writing abilities.
The Viksit Bharat Fellowship programme, an initiative to support and nurture literary and creative skills across multiple fields, was inaugurated...
Women predominate on the Booker Prize 2024 shortlist, but one male author is probably a favourite.
The Booker Prize shortlist for this year includes a queer love story that is also a Holocaust novel, an Australian...