Unveiling Economic Policymaking in India: A Look Inside "We Also Make Policy" by Subhash Chandra Garg

Ever wondered how the economic decisions that impact your daily life are made? Look no further than "We Also Make Policy" by Subhash Chandra Garg, a former economic affairs secretary and finance secretary for the Government of India. This insightful book offers an insider's perspective on the often-opaque world of economic policymaking in India.

Garg pulls back the curtain on the workings of the finance ministry, revealing the intricate processes and political dynamics that shape the country's economic landscape. Through his firsthand experience, you'll gain a deeper understanding of critical decisions made during the first term of the NDA government, including:

The contentious issue of Minimum Support Price (MSP) for farmers: Delve into the complexities surrounding agricultural pricing policies and their impact on both farmers and consumers.
The introduction of electoral bonds: Explore the rationale and controversies behind this novel method of political funding.
The crucial process of bank recapitalization: Learn how the government addressed the challenge of reviving the banking sector.
Monetization of national assets: Gain insights into the government's strategy for leveraging public assets for economic growth.
The controversial resignation of RBI Governor Urjit Patel: Unpack the events leading up to this pivotal moment in India's economic history.
But "We Also Make Policy" goes beyond mere policy analysis. Garg, who served as the architect of three Union Budgets, provides a gripping account of the intense pressure, meticulous planning, and intricate calculations that go into formulating a national budget. He sheds light on the political considerations that inevitably influence the budgetary process, offering a well-rounded perspective on this high-stakes endeavor.

This book is a must-read for anyone interested in Indian economics, public policy, or the inner workings of government. Whether you're a seasoned professional, a curious student, or simply a citizen seeking a deeper understanding of the forces that shape India's economic trajectory, "We Also Make Policy" offers an invaluable window into this critical domain.

We Also Make Policy by Subhash Chandra Garg [Hardcover]