Krishnamurthy V. Subramanian is Executive Director at the International Monetary Fund (IMF) and Professor at the Indian School of Business (ISB). As India’s 17th Chief Economic Advisor (2018–21), he was applauded by Prime Minister Narendra Modi for ‘his academic brilliance, unique perspective on economic and policy matters, and reformatory zeal’. Hailed as a common man’s economist, his ideas like Thalinomics, V-shaped recovery and behavioural economics of nudge have captured public imagination. A Distinguished Alumnus of IIT-Kanpur and IIM-Calcutta, Prof. Subramanian’s vision helped India achieve high growth and strong macro fundamentals.
A $55 trillion Indian economy rivalling the world's largest in 2047, when India celebrates its centennial—audacious or achievable? In India@100: Envisioning Tomorrow's Economic Powerhouse, Krishnamurthy Subramanian explores this once-in-several- centuries opportunity knocking on India's doors. With a bold vision grounded in Indian realities, India@100 argues compellingly that India is at an inflection point that cannot be ignored. It effortlessly ignites the reader's imagination and inspires a collective drive towards a future where India emerges as a dominant economic force. This is an invaluable book for anyone interested in the rise of the Indian economy in the next two decades.
Vaidyanathan and Subramanian challenge conventional thinking by complementing their practical knowledge as bankers with the rigor that they bring as economists.
One of the fundamental messages of the book is that money is a zero-sum game, and consequently, there is no free lunch in the economy.
Money: A Zero-Sum Game, authored by Vaidya and Subbu, pretty much stands extant monetary theory on its head.
Here is a book that will be found extremely useful by policymakers at the central bank and in the government as well as researchers in the area of monetary economics.
Supported by in-depth analysis and simple articulation, the authors are challenging the obvious and will make readers agree to disagree with the existing monetary economics framework.
K. Vaidyanathan and K. V. Subramanian, two of India's brilliant young economists, have produced this treatise challenging many macroeconomic theories and offering a new, alternative way of looking at money.
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