In The Turn of the Tortoise, T N Ninan explores the paradox of a "premature superpower" (as Martin Wolf once described India in the Financial Times). India has grown from the 12th largest economy in 2008 to what IMF reckons is the 7th largest in 2015, even as its people are poorer than those in Laos and Sudan. Ninan assesses India's position as a natural counter-weight to China, though fundamentally different from that country and overshadowed by it in an unequal military balance and in the contest for influence in a region that stretches beyond Asia to Africa. And finally, Ninan looks at how the third-largest contributor to global economic growth remains troubled by slow economic reform and the poor standards of governance that make it a difficult place in which to do business.
The author considers the social, economic and political forces that helped the rise of Prime Minister Narendra Modi, and the risks of constitutional liberalism yielding space to an illiberal democracy. He views the role of Indian business conglomerates as double-edged, and reviews India's stance and role in global trade and climate change negotiations.
This work uses data extensively to support analysis, even as it tells stories of hope and frustration within a framework of qualified optimism. The brisk and engaging style of an expert wordsmith will appeal to anyone interested in the new "Asian Drama": the tension with China, the "arc of friendship" that brings closer the region's largest democracies (Japan, Australia and India), and the many facets of the new energy in Indo-US relations. If you want to make sense of a complex country that encompasses "a universe of realities," this is the book you've been waiting for.
|Publisher:||Oxford University Press|
|Product dimensions:||6.50(w) x 9.30(h) x 1.20(d)|
About the Author
T N Ninan is well known in India as a trend-setting editor of India's two leading business newspapers, and a sought-after TV commentator on big news occasions. He has also edited a news and business magazine, and writes a widely read weekly column in the Business Standard, where he has been the editor and publisher, and is now chairman of the board. He serves on non-profit boards, and chairs one that supports public-spirited media in India.
Table of Contents
WHERE WE ARE
1. "Premature Superpower"
2. The Day of the Tortoise
3. Enterprise: Losing Your Way
4. The Quest for Manufacturing Prowess
5. Faster than China?
THE STATE & THE CITIZEN
6. The Experimenting State 7,500
7. Corruption: Why, How, and What to Do
8. The Prospect of Ending Absolute Poverty
9. Development vs Environment
10. Aam Aadmi1 & A Universe of Realities
11. The Politics of the Neo-Middle Class
12. Transformational Projects
13. New Businesses, New Entrepreneurs
14. Change on the Farm
INDIA & THE WORLD
15. Default Option or Defaulting Power?
16. The Rush to Re-arm
17. Negotiating with the World
18. Modi: The First Year
19. "Time and chance overtake them all"