Restart: The Last Chance for the Indian Economy PDF


Restart: The Last Chance for the Indian Economy In Restart, Mihir S Sharma shows what can and must change in India s policies, its administration and even its attitudes The answers he provides are not obvious, and require courage Nor are they all comforting or conventional Yet they could, in less time than you can imagine, unleash the creativity of a billion hopeful Indians

  • Paperback
  • 384 pages
  • Restart: The Last Chance for the Indian Economy
  • Mihir S. Sharma
  • English
  • 14 November 2019
  • 8184006799

About the Author: Mihir S. Sharma

Is a well known author, some of his books are a fascination for readers like in the Restart: The Last Chance for the Indian Economy book, this is one of the most wanted Mihir S Sharma author readers around the world.



10 thoughts on “Restart: The Last Chance for the Indian Economy

  1. says:

    I am sorry, but I love rants This book is quite a long one about what is wrong with India as a nation The book is choke full of hilarious anecdotes of its kafkaesque nature I was mostly nodding and agreeing with his enjoyable description of all the ailments of Indian society but eventually I realized that there are a lot of contradictory advice For example on the one hand the author reminds us of the changing demography of our nation with millions of young men joining the economy to find no I am sorry, but I love rants This book is quite a long one about what is wrong with India as a nation The book is choke full of hilarious anecdotes of its kafkaesque nature I was mostly nodding and agreeing with his enjoyable description of all the ailments of Indian society but eventually I realized that there are a lot of contradictory advice For example on the one hand the author reminds us of the changing demography of our nation with millions of young men joining the economy to find no work while on the other hand he recommends Get women working No where does he reconcile how both problems can be solved together I guess it is too much to ask for a solution from a single journalist for all that afflicts Indian society.Still I really enjoyed the book Mihir is a master at crafting acerbic yet stylish prose My favorite example is from the chapter on Mallya India is a big whisky drinking country As a sting operation in the early 2000s confirmed, when you want to pay a bribe to get a major defence deal, you take along a bottle of Blue Label just to make the point It used to be said, in the fine old days of import controls and bell bottoms and villains who drank Vat 69, thatScotch was drunk in India than produced in Scotland Of course, the most important thing to know about Indian whisky is that it is not, in fact, whisky It is rum This tells youabout India than any single fact should You see, whisky is made from malt from fermented, mashed up grain Most Indian whisky is made from molasses So it isn t whisky it is rum, bleached, coloured and flavoured to taste like whisky At some point in the 1980s, the Scots decided enough was enough and Indian whiskies couldn t go around claiming to be whiskies Indian whisky makers, such as Mallya, were shocked shocked that anyone would imagine that their product could in any way be mistaken for Scotch whisky The fact that Indian whisky flavoured rums were named things like McDowell s and Bagpiper was, of course, strictly a coincidence The Scotch whisky guys were, however, particularly incensed by the only brand of Indian whisky that is, in fact, whisky Peter Scot, made by Bangalore s venerable Khoday distillers Peter Scot is indeed a malt whisky And Scot is right there in the name Back in 1986, the Scotch wallahs demanded Peter Scot change its name, and took to the legal system to ensure it did In 2008 yes, twenty two years later, amazingly quick work by Indian standards the Supreme Court said Peter Scot didn t need to have its name changed They came to the conclusion that it should be plainly obvious to absolutely anyone who tasted Peter Scot that it wasn t, in fact, Scottish Seriously Here s the lawyer Soli Sorabjee, writing on the verdict in the Indian Express The Court concluded that it was concerned with the class of buyers who are supposed to know the value of money, the quality and content of Scotch whisky and the difference in the process of manufacture, the place of manufacture and their originOne wonders whether ordinary consumers of Scotch whisky, including judges who are not teetotallers, are really aware of these factors Although I would have liked if the author had includedreferences to his sources while making so many claims, I would certainly recommend reading this book The book can act as a catalyst to a lot of discussion

  2. says:

    Exceptionally blunt and in your face narrative Completely scathing in its attack of all the ills that mar our country Conversational style hits you with impeccable logic Must read for every bureaucrat.

  3. says:

    RESTART The Last Chance for the Indian Economy Mihir S SharmaMihir Sharma is part economist, part social commentator and bits and pieces journalist who makes his living writing for Business Standard In this book, he comes outas a journalist writing on economic issues than as an economist which he wanted to be.The book is cheeky, irreverent at times as it analyses all that is wrong with India. Its economic policies which could never decide whether the road to prosperity is thru t RESTART The Last Chance for the Indian Economy Mihir S SharmaMihir Sharma is part economist, part social commentator and bits and pieces journalist who makes his living writing for Business Standard In this book, he comes outas a journalist writing on economic issues than as an economist which he wanted to be.The book is cheeky, irreverent at times as it analyses all that is wrong with India. Its economic policies which could never decide whether the road to prosperity is thru the villages or thru industrialization and urbanization Its political leadership very strong on graft and craft y but low on a strong vision for a stronger India, its capitalist class.which was focusedon cornering natural assets and exploiting them rather than building assets which churned out good quality products and provided employment to its teeming masses One gets overwhelmed when one reads this book and comes to grips with the enormity of problems that our wonderful nation suffers from.It is an interesting book as it touches a lot of issues that we normally do not read about like our inability to build infrastructure capacity, how the feuding Ambani brothers are linked to the civic problems of Mumbai city and many .His acerbic pen takes on every one, the politicians, the industrialists, the bureaucracy..and everyone else who had a role in getting us into this not so enviable situation that we are in today And like all good journalists who have answers for all of India s problems he offers his own version of solutions some of them pretty attention grabbing and radical.Nevertheless, an interesting book.covering issues normally not discussed and written about and a breezy read Not great economics but a quick recap of why we are today the way we are.My rating 3.5 5

  4. says:

    The author points out what has gone wrong in the India growth story In his opinion, India s growth is the unintended result of a set of half baked reforms working independently of each other, and not of a well thought strategy Somehow, these half baked reforms have kept us going for these many years However, they are just quick fix solutions and may not be able to hold us together for too long The author uses sharp and witty language to highlight the problem areas in Indian economy the stru The author points out what has gone wrong in the India growth story In his opinion, India s growth is the unintended result of a set of half baked reforms working independently of each other, and not of a well thought strategy Somehow, these half baked reforms have kept us going for these many years However, they are just quick fix solutions and may not be able to hold us together for too long The author uses sharp and witty language to highlight the problem areas in Indian economy the struggling manufacturing sector, the archaic labour laws, misdirected tax benefits, subsidies with good intentions that have outlived their necessity, the flaws in the public private partnership model, the lack of a price mechanism for precious natural resources, and so on The language used is simple and the reader will not feel bogged down by economic terms The author has given a critique of the 1991 economic reforms that gives food for thought

  5. says:

    This book points out a lot of painful truths about the mess that is India From laws that haven t changed for hundreds of years, to out of sync delusional pro poor policy makers and politicians, and our unique tribe of crony capitalists who still run public companies like their ancestral inheritance It goes on to prescribe some bitter medicines that the new government must gulp down or else 13 Million people joining the workforce every year which btw is the size of Greece are going to be This book points out a lot of painful truths about the mess that is India From laws that haven t changed for hundreds of years, to out of sync delusional pro poor policy makers and politicians, and our unique tribe of crony capitalists who still run public companies like their ancestral inheritance It goes on to prescribe some bitter medicines that the new government must gulp down or else 13 Million people joining the workforce every year which btw is the size of Greece are going to be very, very angry Personally, I loved the writers style very anecdotal and matter of factly way of breaking down complex economic concepts Makes the book a thoroughly enjoyable read 5 Stars for this one

  6. says:

    June 26, 2017 90.0%June 26, 2017 75.0% Note FUCKING Damn, right The prices of natural resources also need to reflect both the cost of extraction and any environmental costs It s extremely detrimental, for example, to extract coal from forests, and the company who purchases the coal should pay for all damages June 26, 2017 55.0% It s dangerous when private companies control important resources, because such companies are only interested in their own gain The government learne June 26, 2017 90.0%June 26, 2017 75.0% Note FUCKING Damn, right The prices of natural resources also need to reflect both the cost of extraction and any environmental costs It s extremely detrimental, for example, to extract coal from forests, and the company who purchases the coal should pay for all damages June 26, 2017 55.0% It s dangerous when private companies control important resources, because such companies are only interested in their own gain The government learned this lesson when two large power plant companies, Tata and Adani, both close to the city of Mundra, in the western state of Gujarat, won bids to supply electricity to India s western states June 26, 2017 55.0% Note Economy and it s little dirty secrets Private companies also saw the opportunity to exploit government resources They d raise their demands after starting the project and threaten to leave if those demands weren t met Even though it worked for a while, this system was doomed from the beginning June 26, 2017 35.0% Mihir, likes to suprise his readers Why Well, the private sector, fearing economic loss, stopped investing in national projects In 2005, investment in national projects accounted for between ten and 14 percent of the country s GDP by 2013, that figure had dropped to one percent June 26, 2017 35.0% Amid the chaos of the reforms, finance, telecommunication and information technology were the only industries that were able to grow.Why Well, the IT industry didn t need land to produce their goods, and so was unhindered by the laws and regulations that stifled manufacturing This new industry was able to grow while traditional industries floundered June 26, 2017 35.0% The government also removed restrictions on the movement of goods across international boundaries, which allowed foreign companies to exploit India evenBecause of the traffic jams and poor infrastructure, it became cheaper to transport things out of the country and then back in, as mentioned earlier June 26, 2017 35.0% This people, just don t know when to give up June 26, 2017 25.0% When the rupee s value decreased, many manufacturers could no longer afford the raw materials that had previously been imported At the same time, cheap foreign goods were already ubiquitous in India, and local manufacturers couldn t compete June 26, 2017 25.0% P.S And now I am waiting the bus 30 minutes, it s exhausting June 26, 2017 15.0% The book is about the Idian Economy and How from the best economy has went in the boards of the worst economy More likely from success into fail June 26, 2017 15.0% I fucking love It Blinklist has taken care to take out the best from this novel June 26, 2017 Started Reading

  7. says:

    A book on Economics is prone to be one that can be classified as a serious bit of study, and a truckload of hard complex reading, full for jargon and indecipherable terms even to economistsno joke there a subject to be broached only in a particular mood and mindset One does not normally look to find anything but the above, especially if the book has been penned by one of India s better known economics writers on Business Media Well, the above is just about exactly what this book ReStar A book on Economics is prone to be one that can be classified as a serious bit of study, and a truckload of hard complex reading, full for jargon and indecipherable terms even to economistsno joke there a subject to be broached only in a particular mood and mindset One does not normally look to find anything but the above, especially if the book has been penned by one of India s better known economics writers on Business Media Well, the above is just about exactly what this book ReStart, Last Chance For The Indian Economy written by Mihir S Sharma, is not.HE BOOKThis is a book that approaches it the core question how do we genuinely grow in a refreshing new look, basis hardcore fundamentals, devoid of jargon and needless complexities It is divided into 5 parts Why We Fail, When and Where We Failed, The Real Reasons Behind What Went Wrong since 2011 2012, How and Why Private Companies Have Failed To Be Innovative Failed to Drive Growth, The 5 Bad Choices We Made That Must Be Corrected and the 5 Steps that Need to be Taken Within each part, the book lays bare some of the fundamental issues that caused the situation where are now, asking some tough questions in hard language It looks at the key causes, issues like infrastructure and our inability to build it honesty and its lack in India Unfinished reforms and their cascading impact Corruption The scepter of top level growth on the base of a comparatively weaker foundation it looks hard at the curse of Jugaad, and how Private Enterprise in India has failed to truly innovate and sums it up by looking at 5 bad choices we made 1 PPP2 Special Exceptions to Rules3 Energy4 Distrust Market Prices5 Environment,and the 5 steps we need to take 1 Flexibility in Land, labour, Capital Entrepreneurship markets2 Black Money3 Government Expenditure4 Agriculture5 CitiesTHE ANALYSISThere is a little that is wrong in the book but I would rather look at the pluses which far outnumber the minuses by a large margin Given the fact that we are a developing nation, let me keep a positive approach For starters, it was refreshing to read an author who made the connect between honesty, corruption, black money and true inclusive growth This is, beyond any doubt, one of the key issues facing our nation in this modern day While others like Bibek Debroy have given a numbers based analysis of the impact on the economy, this is abase level blunt and hard hitting attack on this most key and fundamental of issues that confront us.Read More

  8. says:

    First, the goods about this book The book is scathing in its indictment of Indian government and its policies Most of the points are well known and have been discussed separately in a lot of contexts The author did a good job in putting all of the pieces together in a coherent manner However, I did have some gripes with the book First, the book lacks in data and sources Most of the times the author is putting forward an opinion and you as a reader are not sure of the underlying assumptions First, the goods about this book The book is scathing in its indictment of Indian government and its policies Most of the points are well known and have been discussed separately in a lot of contexts The author did a good job in putting all of the pieces together in a coherent manner However, I did have some gripes with the book First, the book lacks in data and sources Most of the times the author is putting forward an opinion and you as a reader are not sure of the underlying assumptions in it To the authors credit a lot of his opinions have been written and expounded for a long time, so most of them do make sense But still as a reader I would appreciate pointers to data study etc which the author would have perused.Also, I found the writing style to be weird It s definitely not a formal book The informal approach that the author takes seems very childish at some points Also, the author jumps from one idea to another without much discussion I would have appreciateddiscussion on each of the ills that the author writes about But instead he spendstime on the auxiliary aspects of the problem without delving into its main aspect

  9. says:

    I recently read another book about India Superfast, Primetime Ultimate antion and I cannot help but compare the two.That one was written by a British journalist this one by an Indian you can see a certain difference in the styles Mihir offers a lotadvice on how things can be fixed.He focuses on a lotproblems prevalent in the Indian system.It should be a better book.But it isnt.In some parts, its the style of writing..too cynical, too disgusted with the mess that india current I recently read another book about India Superfast, Primetime Ultimate antion and I cannot help but compare the two.That one was written by a British journalist this one by an Indian you can see a certain difference in the styles Mihir offers a lotadvice on how things can be fixed.He focuses on a lotproblems prevalent in the Indian system.It should be a better book.But it isnt.In some parts, its the style of writing..too cynical, too disgusted with the mess that india currently is In others , it s how there are so many small pieces, like each was a separate blog post collected together here.Mihir writes exclusively for an indian audience, not for the world at large.It s very informative and I learnt a lot The book mertis 3 stars becuase of the research and the breadth of the authors knowledge on the subject of India It does not get a higher rating becuase it feels like a collection of articles and not like a book

  10. says:

    The book is good for a quick read and overview of the development of the Indian Economy in the last few decades The author does not give enough weightage in this book for possible solutions and does not analyze issues in depth At time, author diverts the topic from the economy and delve far too much into domain of politics Chapter on 91 liberalization was good, easy read and contributed alot to my understanding of subsequent development of economy in late 90s But chapters on mumbai infrastru The book is good for a quick read and overview of the development of the Indian Economy in the last few decades The author does not give enough weightage in this book for possible solutions and does not analyze issues in depth At time, author diverts the topic from the economy and delve far too much into domain of politics Chapter on 91 liberalization was good, easy read and contributed alot to my understanding of subsequent development of economy in late 90s But chapters on mumbai infrastructure were total waste of time Author only emphasize on Industril infrastructure and fail to give importance to agri industry Author dismiss the grievances of farmers to be authentic Enjoyed the book at some points but author tried too hard to be sarcastic at points

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