Böcker av Tirthankar (London School of Economics and Political Science) Roy

The fifth volume on the history of the Reserve Bank of India covers the years from 1997-98 to 2007-08. It is a narrative history of the Bank and also a rich resource for understanding how an emerging market central bank manages change and shapes the economy to face future challenges.

In recent decades, private investment has led to a resurgence of capitalism in India. The nation has experienced other episodes of business growth in the past, which, Roy argues, share similarities to today. On each occasion of growth, connections with the global economy helped firms and entrepreneurs better manage risks.

In a journey spanning 2,000 years, this book describes the ties of trade, migration and investment between India and the rest of the world, showing how changing patterns of globalisation reverberated on economic policy, politics and political ideology within India. A global history written on India's terms, this book marks a new approach to the study of Indian history.