This transforming book can be termed as most comprehensive document detailing the growth and development of Indian economy till date. Book offers Lucid, sharp commentary by identifying focal points of economic gaps, out of box realistic ideas to fix them and gripping narration covering the landscape of India's economy history of 150 years backed by data analytics at every stage.

Dr Swamy urges India not to miss out knowledge and Innovation revolution of 21st century after missing out industrial revolution of 19th and globalisation in 20th due to command economy framework.

In his axiomatic statement, he puts forth the view act achieving equity through progressive taxation isn’t possible in country in India. Progressive taxation proponents not only failed in their theatrical objective of redistributing income for greater equity but also in that process corrupted everything else. Therefore, to achieve equity in India is to create adequate employment and ensure certain minimum amenities for those employed,. Taxation system to be used to provide incentives only.

This monumental work begins by covering 3 main phases - British Imperialism, Soviet command economy and 1991 Economic reforms. Macro economic view of India through this phases are detailed taking us through the study of policies adopted, priorities and missed opportunities and unfulfilled promises. Dr Swamy blames the "Kim Philby" group for the monumental error for India to have pushed for industrialisation in a socialist soviet model, without first having laid the foundation for agriculture. This mismatch has led to a squeeze on agriculture incomes inspite of biggest source of employment for the poor in the economy. “Mentally captive intellectuals with their pro soviet union tutors lead to poor performance 1950-90 and terms it as the albatross around India’s economic neck is his sharp conclusion”.

PSU and Private - sector wise analysis : comparing the private and public sector investment and its return leads to result of PSU producing a result of less than 1% return and return in the organised private sector on an average was around 10%. He argues for economic policy largely based on the use of market mechanism, with the government as an umpire in the clash of demand and supply forces and as an enlightened patron, guiding market forces to equilibrium whenever distortions take place. He places emphasis on market economy based on fair competition with transparent rules and laws.

He concludes by giving policy solution to economic turnaround and go on the path of 10+ growth rate.

One of the highlights of the book - Deendayal Upadyaya's integral humanism is being analysed from economic perspective. He offers 7 postulates using modern theoretical terminology and jargon which is pure classic piece of work.

Must read.

I had picked up a book so as to underhand the current economic malice in India and possible ways in which it can be corrected. I have often admired Subramanian Swamy for his deep economic insights about Indian economy. The author has presented the radical reforms, which can be taken by currency government, only if Modi sets his ego aside and provide him an opportunity. He has advocated for a sound macroeconomic advisor, who is missing and resulting into As-hoc and shallowness in the policy. I agree with the author assertion on this. I have also liked the appendix section about an alternate economic policy, which India should follow based on the ethos of this country. Socialism has been largely failed for us, and I believe western capitalism or Russian communism will not be better. What the has author proposed an alternative economic theory based on Integral humanism, initially pioneered by Deel Dayal Upadhyaya. It is mentioned as a brief appendix and have been captured in 7 different postulates, which are the guiding principle for this. The postulates are little abstracts and need deeper understanding and depth to understand these fully.

An economist is an observer of cause and effect. Dr. Swamy's starture and explanation puts this book as a blueprint that Indian Economy must follow. He provides insightful and elaborative explaination including relevant statistical comparisons and scans through his mathematical prowess to judge the temperature of the soaring fever of economics for india.

I would say that this reset book is an extension of two of the works of Prof. R Vaidyanathan - india uninc and cast as social capital.

His explanation of focus on agriculture and savings by uplifting the unorganised sector and leveraging technology to obliterate the law of diminishing returns is just enthralling.

Apart from that the transition of India from a Soviet model to a free economy is also appreciable in which Dr. Swamy had a pivotal role to play.

I am no student of economics but I am a student of literature and mathematics. What Dr. Swamy says makes sense. Why innovation in agriculture is needed coupled with proper urban planning and incentives on agriculture is well understood when one understands the concept of ICOR and per capita gains. (Details beautifully elaborated in the book)

Apart from that the introduction of Deendayal Upadhyaya's ideology of human development and explanation of anomalies in socialism, communism and capitalism is beautifully captured to showcase the growth in economy in true terms.

A must read for people with open mind and who don't have a prejudice towards the ideas of this man.

Wishing him best health and best wishes to his ideas as a renowned economist and thinker.

The volume of economic data analysed in this book, the depth of political and economic understanding displayed, the audacity of recommendations (especially the one about abolition of personal income taxes) and the granularity of his approach to how implementations should occur make Subramaniam Swamy a genius. I feel that macro economics is like a Jenga game. Playing this game not only requires dexterity of your moves but also a great amount of knowledge and understanding about the principles of general economic equilibrium. In this book, Sumramanian Swamy has amply demonstrated that he is a Jenga master -- in fact, a grandmaster Black Belt, if there's such a category!

There's a saying: "Closer to temple, further to God!". Swamy belies his age. Instead of endlessly experimenting with rookies in Economics, why is our government not appointing him as our next finance minister?

This book has taken me to my childhood days where I used to sleep while hearing our distorted boring history lectures without realizing that a RESET would be required after two decades.

History is a subject of no importance to our millennial generation & that's why we are unable to detect changes needed in our society. Fortunately for the readers (patient suffering from complex system) the prescription has been given by the author. It's up to us to think about the concept of "Integral Humanism" where economic policy should be consistent with innovations along with the spiritual values of our ancient nation.

very good book

Good

worth reading, as it gives a historical perspective how Britishers exploited India and in the current scenario what the current Indian government is doing and what has been the transformation since the liberalisation of Indian economy. it gives an idea of what the current Indian government should do in order to uplift the economy of India. I would also recommend to read the book capital in 21st century by Thomas Piketty

very well explained about Indian economy

Amazing! The pure genius and creativity of Dr. Swamy is eye opening. The Government must use the book as a guide for reviving the economy!

Required reading for every bureaucrat in India, the truth hits home hard and without cutting any margins! Swamy sir is at his best.

This is not a book if you want a casual reading without using your brain. This is a serous read and you may find it dry but that should not stop you from reading this. I enjoyed reading every bit of it. Dr Swamy has done a great job. It is intellectually stimulating and provides concrete steps to the present Government. It is a great summary of the history of India covering broadly three phases of history to trace India’s history, state of the economy in each phase, the negative impact of imperialism and subjugation, the path or the wrong one India has chosen, the need for decentralised approach leading clear recommendations on what India needs to do. Blind leading the blind is the current situation of the Indian economy. But There are clears macroeconomic recommendations for India to follow. A must read for media, bureaucrats and those in Modi Government. Hope more people that matter read the book. Kudos Dr Swamy for this great work.

Subramanian Swamy's latest book is as firebrand as the man himself, where he deals with one of the most discussed topics today - India's economic struggles and the way forward.

The book looks at India's economy in three stages - Pre-independence, post-Independence till liberalization, and post-liberalization India.

Being the analytical mind that he is, Swamy starts by setting the historical context accurately. He rightly attributes India missing the industrialization bus to the systematic bleeding of resources and the blocking of native innovation by the Britishers. Although it's a well-established fact now, it still gives the reader the right mental framework in thinking about the progress of India's economy in spite of such dire circumstances.

Second, he speaks about the inexcusable adoption of the Soviet-style command economy by Nehru and subsequent governments, which led to India missing the globalization wave. India had a GDP growth of a mere 4% for close to 40 years post Independence. In comparison, countries with far lesser resources like Singapore and South Korea were able to progress rapidly with a GDP growth of more than 10% every year.

Swamy speaks of his contributions in providing the Swadeshi framework for the Chandra Shekhar government, and later the Rao government. The adoption of his ideas led India from the lows of the balance of payment crisis to consistently hitting over 7% GPD growth during the 90s.

We then fast forward to the present, where Swamy paints a dire picture of the state of the economy, in what he terms as a "tailspin." A consistent lack of investment in agriculture, mismanagement of resources, demonetization, GST, lack of innovation, and policymakers who don't understand macroeconomics are cited as the main reasons for the current state of the economy.

He, however, does not consider it a point of no return. Swamy proposes various measures that can be enacted to get India back on track to over 10% GDP growth every year. A few non-obvious ones which resonated with me are the creation of new cities and the 7 postulates proposed by Deendayalji, which focus on "Integral Humanism" and adherence to Indian ethos. Compared to other ideologies like socialism, communism, and capitalism, which are materialistic, Integral Humanism focuses on the growth of humanity in harmony with their surroundings.

It is this approach that can translate our goals into actionable policies, and it requires the right vision and expertise in Economics to do that.