Indian banking, central banking, and the economy
Dr IG Patel’s tenure as Deputy Economic Adviser lasted from 1954 to 1959. By then, the first five year plan was already in progress. The work on the second plan had started. In the third part on IG’s life, we discuss a few major developments and other anecdotes. A detailed discussion on the second plan follows in another post. Continue reading “IG Patel as Deputy Economic Adviser”
Monday, 11 November 2024, marks the centenary of Dr IG Patel. In my blog on Substack (see here), I gave an overview of his life, career, and achievements. I suggest that you read that before continuing here. At the end of that post, I promised to cover different aspects of his life in greater detail. In this first part, I cover Dr IG Patel’s early life and education. Continue reading “IG Patel: Early life and education”
Having five finance ministers from one College is unusual. That honour goes to the Madras Law College.
Continue reading “The Madras Law College”
The Kerala State’s Economic Review 2020 blandly claims that the State’s development outcomes are comparable with the most developed countries. Is this true? Has Kerala’s progress in economic indicators since independence been superior to that of other States? To what extent are the State’s historical, geographical, social, and cultural factors responsible for its superior outcomes? Didn’t countries and regions with similar characteristics have similar and perhaps better outcomes? We examine these questions and are led to conclude that the ‘Kerala Model’ is less a model and more an experience. Continue reading “The Kerala Model: The Stories Within”