Review of 'India Unbound' by Gurcharan Das

A comprehensive review of Gurcharan Das's 'India Unbound' offers valuable insights into the evolution of the Indian economy, tracing its journey from pre-independence to post-liberalization. Das's compelling narrative depicts contemporary economic issues with profound analysis, making this book an essential read for anyone interested in understanding the complexities of the Indian economy.

Overview of the Book

'India Unbound' is a non-fiction work that provides a detailed examination of the Indian economy's development over the past decades. The author, Gurcharan Das, presents a critical yet insightful perspective on various economic reforms and policies, including the five-year plans, LPG reforms, and the challenges faced during the post-independence period.

The book's structure is well-organized, making it accessible even to readers who may not be well-versed in economics. However, as the author notes, the comprehensiveness of the content may take some time to absorb fully. Das's ability to simplify complex economic concepts into digestible narratives is commendable, making the reading experience enjoyable and enlightening.

Content Matter

The book delves into the crucial elements that have shaped the Indian economy. It discusses the early post-independence era, the implementation of the five-year plans, and the challenges faced during this period. Das provides a clear understanding of the drawbacks and the necessary reforms that paved the way for economic growth. He also explores the LPG (Liberalization, Privatization, and Globalization) reforms and the impact of technological advancements on the economy.

Moreover, Das critically evaluates the concept of 'license-raj', where the government extensively controlled various sectors, leading to inefficiencies and bureaucratic red tape. The discussion on the 'License Raj' highlights the importance of dismantling such systems and encouraging entrepreneurship and innovation.

Components and Themes

Throughout the book, Das provides a chronological account of the economic journey, highlighting key events and policies that have defined India's economic trajectory. He emphasizes the importance of a liberal market economy and the need to move away from feudalistic economic structures. Das's stark criticism of the socialist policies during the mid-20th century is a recurring theme, underscoring his belief that wealth creation is not a taboo but a fundamental right in a democratic society.

The author's critique of the 'Garibi Hatao' (Poverty Elimination) campaign, a key pillar of Indira Gandhi's economic policies, brings to light the paradoxes within India's economic rhetoric. Das argues that the desire to eliminate poverty without fostering economic growth can lead to unintended consequences, such as perpetuating poverty.

Conclusion and Recommendation

In conclusion, 'India Unbound' is a highly recommended read for anyone interested in understanding the socio-economic dynamics of India. Gurcharan Das's writing style is engaging and clear, making complex economic concepts accessible to a broader audience. Anyone looking to gain deeper insights into the Indian economy and its evolution should start with this book.

For those who are eager to explore more, 'India Unbound' serves as an excellent starting point. It not only provides historical context but also offers practical insights into current economic challenges and potential solutions. By reading 'India Unbound', readers can better understand the complexities of the Indian economy and the importance of a liberal market approach.

Total Recommendation: Highly Recommended

Happy reading!