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RESET: Regaining India’s Economic Legacy

4.24  ·  Rating details ·  122 ratings  ·  25 reviews
In 1970, at the request of a few Jan Sangh leaders including Nanaji Deshmukh and Jagannathrao
Joshi, Subramanian Swamy prepared and presented a Swadeshi Plan. The monograph vociferously
demanded that socialism be sacrificed for a competitive market economic system, so India can
grow at 10 per cent per year, achieve self-reliance, full employment and produce nuclear weaponry.
Kindle Edition, 202 pages
Published September 5th 2019 by Rupa Publications India
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Sep 16, 2019 rated it it was amazing
Shelves: non-fiction, science
This is an absolute masterpiece! The genius of Dr. Swamy ji is apparent from the very first line the preface itself should be worthy of an award or two. If this feel like an exaggeration, pick the book up and I bet you will say the same.

Written in a lucid manner, the book is full of data, tables charts; and traces the journey, the ups and downs of the Indian Economy from the late 19th century to the current scenario. It presents with conclusive evidence that how the British looted India and
Sep 28, 2019 rated it really liked it
Its always fun to know Subramanian Swamy's view on economy. Amazing book.
Dixit Jain
Nov 28, 2019 rated it it was amazing
Dr Subramanian Swamy has explained India's economic journey in a systematic chronology and analysed why Soviet economic model failed to get desired results in India. He delved into detail about the inadequacies of government's 5-year plans and how they failed to recover India's dilapidated agriculture sector post-1947. Soviet model gave a growth rate of 3-4% which was an improvement from pre-1947 India. It was nevertheless too less considering India's potential, it became quite evident when ...more
Abhishek Desikan
Nov 26, 2019 rated it really liked it
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
Nov 30, 2019 rated it really liked it
Introduction: There are few books that attempt to talk about Indian Economics and establish its links with the decisions made during the pre and post-independence era. Subramanian Swamy doesn’t shy away from recounting numerous key incidents during the course of history that had a long lasting impact on the Indian psyche and economic decision making. The following, I thought, are some of the key highlights of the book

1. Comparison between pre and post-independence India with China in aspects
Oct 31, 2019 rated it it was amazing
Enthralling perspectives by Dr. swamy

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
Sep 15, 2019 rated it it was amazing
RESET is economic history and prescription

I have previously come across Angus Madison's work and what was the prevalent economic status from 1200-1700 CE.. This is an narrative and economic history with facts .. first chapter was heart wrenching to read chapters 2-5 explores missed opportunities and presents why the planned command economy model failed. Chapter 6 delves on current govt under Modi and it's failure to understand the enormity and missteps that occurred from 2015 till date and
Shailesh Kumar
Jan 13, 2020 rated it really liked it
Being an amateur, gives a good understanding of economics! I just like the shear simplification of the ideas.

The author speak about why India has not been able to achieve real potential growth since it's independence, about the socialism and why it is not for the good of the people of the country. Shows the two sides of capitalism, explains why there are recessions in a capitalist society. The author feels the right way to economics is the concept of "Integral Humanism".

The books start with the
Srinivas D
Dec 19, 2019 rated it really liked it
What I liked
1) lot data
2) how as a country we progressed

Swamy only takes from a historical perspective on where we are since 1950 and the land mark changes that happened in 1991 that catapulted India towards knowledge economy and the subsequent growth.

But the prescription part of next steps from here are very vague . He lays down the next steps more as a theory without any details that we have seen in the book. I was looking for clues how the 45% of Agri employment and contributes to 17% of
Devashish Thakur
Jan 13, 2020 rated it it was amazing
Excellent book on Indian economics. It explains how a decentralized market economy would work much better in IN as compared to a centralized socialist economy (which India has today). The book covers IN economy from 1870 to 2019 and the author talks in details about his economic reform in 1990-1997 when he was cabinet minster under PV Narsimha Rao.

Swamy also talks about current Indian economy under Modi and why the GDP in IN is on a decline for last 4 years and the way to come out of it. I hope
S Anantharam
Course correction India desperately needs

Incisive fact based analysis identifying root cause for India's economic woes is absolutely brilliant. The clear cut steps and actions for course correction is nothing short of stupendous.
The need to act NOW brings into focus the accelerating changes happening on the ground and how every passing day makes the task more daunting. Hope for our Nation's sake better sense prevails and the Nation's RESET is initiated without any further delay.
The idealogical
Dr-Mohit Sharma
Oct 13, 2019 rated it it was amazing
Fantacstic views on economics as an economist i must say he is the best economist in the world.
Deepak Prabhu
Sep 08, 2019 rated it it was amazing
With detailed statistics & a deep understanding of history, he does propose some radical ideas to reset the Indian economy. Good read.
Dhawal Khut
Dec 27, 2019 rated it it was amazing
Engrossing read on Indian economy from colonial era to present. Very precisely he finds the Achilles heels during various time periods and what better could have been done and what currently should be done.
Oct 30, 2019 rated it really liked it  ·  review of another edition
A good read with a lot of facts and figures. Many a times the books gets into nuances of economy: one may have to try to derive an holistic understanding due to lack of subject matter knowledge.
I chose to read this because of the author's candor to not mince and hide. He is unquestionably a true patriot, his efforts have worked in the past (explanation extensively part of the book) which he leverages to theorize a plan of action to ensure we get to world number 2. Seems possible "but only if we
Oct 07, 2019 rated it liked it
Shelves: economics
One of the most mercurial, vitriolic and eccentric politicians going about his craft today has to be Subramanian Swamy. An economist, statistician and polymath who now essays his tenure as a nominated Member of Parliament in Rajya Sabha (representing the BJP), Mr. Swamy was a member of the Planning Commission of India and also a Cabinet Minister in the erstwhile Chandra Shekhar government. In his recent book, “Reset – Regaining India’s Economic Legacy, Mr. Swamy takes a hard as nails approach to ...more
Rishabh Sachdeva
Feb 09, 2020 rated it really liked it
Would ideally give the book between 4 and 4.5. Swamy the economist is worth reading. The current government in India has lost a huge opportunity by not having him involved. The only real quality economist in the party today, and like all intellectuals - ignored by the BJP.
Kiran Dhamapurkar
Feb 08, 2020 rated it it was amazing
An Eyeopener

Much needed narrative of India for its Youth to decide and correct the wind in the favour of this country. How power in wrong hands can spoil the progress is very well presented with rational and logic.
Oct 17, 2019 rated it liked it
The good: I think the book gives a good perspective about the recent economic history and why India's economic policies remain socialist despite whatever market reforms were done since 1991. Actually, to some extent, it gives a good angle to how the reforms were just political compulsions and actually the core mindset of the country's political base + hinterland remains quite leftist in nature.

The bad: Economic history of pre-independence is a bit overly emphasized by consuming ~40% of the book
Kushagra Pathak
Jan 03, 2020 rated it liked it
Certainly quite unbecoming of a person who has worked under the likes of Simon Kuznets.The content doesn't do justice to the name of the book RESET;for the most part it tries demonizing the left-wing and Soviet-backed socialist economic policies apart from the recipe of Nehru-bashing but does so in good detail.One thing it does good is picking the shortcomings and wrong decisions of the NDA led BJP govt. as well;like demonetization and GST and addresses them in a neutral and succint manner.I ...more
Dec 26, 2019 rated it liked it
Mr. Swamy presents a good data-supported thesis on what went wrong with India's economy from 1870 all the way to 2019, how we ended up lagging behind China and how to fix it. The economics of it, on a high level seems sound and convincing (at least to someone like me without an economics major)

The book however, loses credibility through its rant-like tone. Mr. Swamy frequently seems like a broken record - repeating the same ideas again and again. He often comes off as too eager/arrogant in
Venkatasubramanian J
Swamy's analysis of the past is good . But He has not given good reasons for criticizing Demo and GST.

Demo was a prerequisite for GST and Jan Dhan was a prerequisite for Demo and the subsequent Digitalization. Swamy himself says in interviews he was advising the party and government on economic matters. What transpired in between that made him so critical of these far reaching steps ?

Consider an oil producing economy and there macro economic structuring or micro adjustments are insignificant as
Aditya Agarwal
Nov 10, 2019 rated it liked it
A data heavy read

A data intensive book that shows the historical blunders and the current confusions but somehow the end of the book was too complex. Wish it could have been written in simpler words
Gopa Kumar
Oct 10, 2019 rated it liked it
Worth Reading

Gives a overall view of India pre and post independence economy structure and ravel last 70 years of Indian economy and years ahead
Nov 29, 2019 rated it it was ok  ·  review of another edition
Subramanyam Swamy is famous for advocating the abolition of personal income tax. He advocates this as a policy measure in this book also. He argues that this will spur demand and savings. Basically he wants the Indian economy to grow at 10% per annum so that India can eliminate poverty and become a middle income country in the foreseeable future. For this to happen, savings and investment must grow and productivity of capital must improve. One curious suggestion Swamy gives is that exchange rate ...more
Harsh Chokshi
rated it it was amazing
Oct 19, 2019
Shubham Mishra
rated it it was amazing
Sep 20, 2019
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Dec 01, 2019
Karthik BS
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Nov 22, 2019
Vikram Adige
rated it really liked it
Oct 03, 2019
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Subramanian Swamy is an Indian politician, academic and an economist. He is the President of the Janata Party of India. He also presently serves as chairman of the SCMS Board of Governors of the SCMS Group of Educational Institutions in Kerala.
Swamy has previously served as member of the Planning Commission of India and Cabinet Minister of India. He has written extensively on foreign affairs