• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Dr V.Y. Reddy, Governor, RBI, with Dr Bimal Jalan, Member of Parliament and former RBI Governor, at the release of a book in Mumbai on Saturday. — Shashi Ashiwal

Mumbai , May 29

WHILE liberalisation in the 90s helped India jump from a growth rate of 4 per cent to 6 per cent, the country now has to worry about moving from 6 per cent to 8 per cent growth, according to Dr Bimal Jalan, Member of Parliament and former Governor, Reserve Bank of India.

Speaking at the release of his book `The Future of India: Politics, Economics and Governance' here on Saturday, Dr Jalan said, "we have to think whether we will always remain a country of the future".

Dr Y.V. Reddy, Governor, RBI, released the book at a function hosted by CII and the publisher, Penguin India.

Dr Jalan illustrates the disjuncture between economics and politics in the book. "It has been proved in the last two general elections that what a government achieves economically does not influence electoral results," he said.

Speaking about the book, Dr Reddy said that **argument in the book is for fiscal empowerment instead of fiscal deficit. He said that many initiatives that Dr Jalan undertook while he was the Governor of RBI have had favourable impacts on the economy.

These include replacing the `Foreign Exchange Regulation Act' with the `Foreign Exchange Management Act' and management of the large government borrowings programme, among others.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
CUSAT develops method to predict monsoon onset over Kerala

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line