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India Reborn is a global history of the precipitous relative economic decline between 1757 and 1990 of the world's oldest surviving civilization, the rejuvenation that began under Rao, and how Modi's moral regeneration can restore India’s civilizational state to its rightful place as the world's most consequential political economy. It demonstrates that the revolutionary freedom struggle was more crucial than its nonviolent strand in obliging Britain to surrender its empire, revealing how the loot from India financed Britain's industrialization, the Iran-Iraq logic of why India was partitioned, and the socioeconomic repercussions of Anglophilia on today's India. Gandhi's better-known nonviolent mobilization was repeatedly crushed. But 1858's independence war ended Company rule, 1905-11 obliged the rescinding of Bengal's partition, 1919 brought the Rowlatt Act betraying Montague's 1917 promise of self-determination, and the INA-inspired military mutinies of 1946 obliged the end of Britain's empire. India did too little to change the economic status quo between 1947 and 1990, or to build on India's strategic heritage. Outsiders to the Anglicized elite (Shastri, Vajpayee, Rao, Modi) led democratizing economic reforms and gave strategy a spine. Modi's vast expansion of sanitation and financial inclusion advanced that transformation, but implementing labour market reform is vital to completing it, thereby ushering in Japan/Taiwan/RoK-style inclusive prosperity.
 
 

About the Author

Prasenjit K. Basu is an economist by profession and a historian by passion. His book Asia Reborn won the Best First Book Award at the Tata Literature Live! Mumbai LitFest in 2018.

He spent 25 years in Singapore and Malaysia, including five years each as the chief economist for India and Southeast Asia at Credit Suisse First Boston and the chief Asia economist at Daiwa Securities. He was the first non-Malaysian employee of Khazanah Nasional Bhd., where he served as the chief economist. He also held leadership roles as the global research head at the Maybank Kim Eng Group, director of Asia macroeconomics at UBS Securities, chief ASEAN economist and head of Malaysia equity research at Macquarie, board member of Tata Capita

9789365473247
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India Reborn The Epic Story Of A Civilizations Rebound From Two Centuries Of Decline

India Reborn The Epic Story Of A Civilizations Rebound From Two Centuries Of Decline

ISBN: 9789365473247
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Details
  • ISBN: 9789365473247
  • Author: Prasenjit K Basu
  • Publisher: Ink
  • Pages: 488
  • Format: Hardback
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Book Description

India Reborn is a global history of the precipitous relative economic decline between 1757 and 1990 of the world's oldest surviving civilization, the rejuvenation that began under Rao, and how Modi's moral regeneration can restore India’s civilizational state to its rightful place as the world's most consequential political economy. It demonstrates that the revolutionary freedom struggle was more crucial than its nonviolent strand in obliging Britain to surrender its empire, revealing how the loot from India financed Britain's industrialization, the Iran-Iraq logic of why India was partitioned, and the socioeconomic repercussions of Anglophilia on today's India. Gandhi's better-known nonviolent mobilization was repeatedly crushed. But 1858's independence war ended Company rule, 1905-11 obliged the rescinding of Bengal's partition, 1919 brought the Rowlatt Act betraying Montague's 1917 promise of self-determination, and the INA-inspired military mutinies of 1946 obliged the end of Britain's empire. India did too little to change the economic status quo between 1947 and 1990, or to build on India's strategic heritage. Outsiders to the Anglicized elite (Shastri, Vajpayee, Rao, Modi) led democratizing economic reforms and gave strategy a spine. Modi's vast expansion of sanitation and financial inclusion advanced that transformation, but implementing labour market reform is vital to completing it, thereby ushering in Japan/Taiwan/RoK-style inclusive prosperity.
 
 

About the Author

Prasenjit K. Basu is an economist by profession and a historian by passion. His book Asia Reborn won the Best First Book Award at the Tata Literature Live! Mumbai LitFest in 2018.

He spent 25 years in Singapore and Malaysia, including five years each as the chief economist for India and Southeast Asia at Credit Suisse First Boston and the chief Asia economist at Daiwa Securities. He was the first non-Malaysian employee of Khazanah Nasional Bhd., where he served as the chief economist. He also held leadership roles as the global research head at the Maybank Kim Eng Group, director of Asia macroeconomics at UBS Securities, chief ASEAN economist and head of Malaysia equity research at Macquarie, board member of Tata Capita

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