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The Politics of Poverty
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The Politics of Poverty
Planning India's Development



October 2012 | 284 pages | SAGE Publications Pvt. Ltd
Dr D. K. Rangnekar was a leading public intellectual who marked his presence as the editor of the Economic Times and later the Business Standard. This collection brings together a discerning selection of his writings that are organized across four themes: social and political dimensions of development; international context to India’s experiment; planning and budgets; and industrial and economic policy. The writings begin in the early 1960s and end in 1984—at the cusp of radical transformation of India’s economic policies and political fabric—thus providing an important handbook of the times.

The collection includes reflections on PL480 and the accompanying devaluation; the 1970s call for a New International Economic Order and the problems of development in an unequal world; and G77 solidarity and the Uruguay Round of negotiations of GATT. Drawing on Dr Rangnekar’s expertise in planning, budgets, and black money, the collection includes his commentaries on the transition from Nehruism and planned development to the difficult foundations of India’s contemporary economic performance.

The selection is accompanied by essays from T.N. Ninan, Pratap Bhanu Mehta and Sanjaya Baru.
Foreword T N Ninan
Preface and Acknowledgements Dwijen Rangnekar
Introduction and Overview: Humanist Economics as Public Reason by PRATAP BHANU MEHTA  
 
I: THE POLITICS OF POVERTY: THE SOCIAL CRISIS OF DEVELOPMENT IN INDIA
Crisis Today: The Dimming of Hope  
Politics of Poverty-I: The Deepening Social Crisis  
Politics of Poverty-II: A Quiet Burial of Ideology  
The Ritual of Remembering Gandhi  
Farmers' Stir-I: Writing on the Nasik Wall  
Farmers' Stir-II: Changes in Inter-Sectoral Price Parity  
Will the Rains Fill Our Bowls?  
 
II: DEPENDENCIES' INDEPENDENCE-THE INTERNATIONAL CONTEXT TO INDIA'S EXPERIMENT
Economic Co-Operation  
North-South Divide: An Economic Analysis  
Today's Controversies-I: Delhi's Attitude to Aid  
Today's Controversies-II: Fertilizer and Foreign Capital  
Trade Prospects  
 
III: ROPE TRICKS-PLANNING INDIA'S DEVELOPMENT
The Annual Indian Rope Trick  
Nehruism and the Second Phase  
Second Thoughts on Indian Planning  
To Earn or Not to Spend The Taxing Question  
 
IV: INDUSTRIALISING INDIA-FOLLIES AND POLICIES
India: The Emerging Industrial Power  
Crisis Today-I: Failure to Stem Structural Deterioration  
Crisis Today-II: Anti-inflation Follies  
Crisis Today-III: IMF Borrowals: Perils of Economic Chaos  
Industrial Policy  
Conclusion and Afterword Sanjaya Baru
Index  

An easy read on crucial economic and political issues for the first three and a half decades after independence...the volume is for those who are searching for explanations for the paradoxes of our time.

Frontline, 31 May 2013

A delight for a researcher who gets in one place all thought processes and critiques on issues that were held sacrosanct for around three decades.... on the whole, the book is likely to appeal more to those who have lived through both the pre and post- reform eras, when we swung from mixed to an open economic system...but when he talks of public poliy, poverty and inequality, it rings a bell even today. In that sense, this book is timely and helps evoke introspection.
Business Standard

[The book] gives the reader a rare insight into the man he [Ranganekar] was, with essays by T.N. Ninan, Pratap Bhanu Mehta and Sanjay Baru...Rangnekar’s balanced perspective, long-term vision and discourse on issues that are as alive today as they were then, make the essays in the book a must read.
Business India

Neatly edited and indexed, the book succeeds in unravelling the genius of D.N. Ranganekar. It should be read by everyone interested in Indian economy, especially business journalists.

Business World

An elaborate study at the country’s economy by dwelling upon issues both at the micro and macro level...a candid attempt to address the cause of the common man.

The Tribune, 12 January 2014

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ISBN: 9788132109020
£43.99