‘For a better understanding of India’s economic challenges and the needed policies, the writings and advice of Shankar Acharya have been the lodestar throughout my years of working with the government and later as an outside observer. Dr Acharya is endowed with an exceptionally sharp analytical mind and a profound understanding of India’s complex political economy. This wonderful Festschrift, featuring essays by some of the best contemporary policy economists, is a gem—a must-read for policymakers and serious scholars alike.’
—Vijay Laxman Kelkar, Vice President, Pune International Centre, and Former Finance Secretary of India

‘Economic policy reforms resulted in a sharp upturn in India’s economic growth after 1991. Shankar Acharya was a key reformer and has been an outstanding analyst of the country’s performance. These essays assess India’s current position in a turbulent world and the needed policy reforms. They are a well-deserved tribute to Shankar Acharya and a valuable source for those wishing to understand the economy and its potential.’
—Anne O. Krueger, Emeritus Professor, Stanford University, and Former Deputy Managing Director, International Monetary Fund (IMF)

‘I have long considered Shankar Acharya to be India’s finest macroeconomist, with his conservative judgments reflecting his personality. This collection of engaging essays is a worthy celebration of a distinguished economist.’
—T.N. Ninan, Former Chairman and Editor of Business Standard

‘Much like Shankar Acharya’s immensely consequential career, A World in Flux delves deep into a diverse and complex set of topics. It speaks directly to our current moment, addressing our need for a full understanding of the world order in transition and its implications for India. Highly recommended, particularly to scholars and policymakers of the Global South.’
—Y.V. Reddy, Former Governor, Reserve Bank of India, and Chairman, Fourteenth Finance Commission

Amita Batra is Professor and former Chairperson at Centre for South Asian Studies, School of International Studies, Jawaharlal Nehru University (JNU). She has published extensively on international trade policy issues and economic integration in South and Southeast Asia. Her most recent book is India’s Trade Policy in the 21st Century (2022, Routledge: London). She writes a column, ‘Straight Talk’, in Business Standard.

A.K. Bhattacharya is at present Editorial Director at Business Standard, a national business daily, and author of the long-running column ‘Raisina Hill’. After holding leadership positions at Financial Express and The Economic Times, he went on to become edito