India is a Country, not a Company: How Anglo- US ’Imported’ Economists Misled and Mismanaged Indian Economy

By: Susmit Kumar

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There is nothing special about having the highest growth rate in the world. In the past several countries had similar growth rates before biting the dust due to mounting trade deficits. During the 1990s and before their economic collapse, Thailand, Malaysia and Indonesia, having the highest growth rates in the world, were hailed as the East Asian Miracles, but after the 1997 economic crisis they are nowhere near the top of the global economy. India can never become a super-power without generating trade surplus for a decade or more to amass sizeable FOREX, like China has. The US went in plus from 1945 till 1971, and other economic superpowers, China, Germany and Japan have done so for the last 25 years. Even after 26 years of liberalization, India does not have trade surplus because of the Anglo-US ‘Imported’ economists, who have had been deciding the Indian economic policy. They come to India for only 3 to 5 years and enforce the disastrous “Reaganomics” policy. “Reaganomics” the economic policy followed by the US since 1980s, has bankrupted the US and also transferred nearly all national manufacturing and service sector jobs to other countries. US-based “Imported” economists always talk about “Growth Rate” and never talk about “Trade Surplus” – if they would, their career in the US would be finished. Due to the “Reaganomics” economic theory in India, India has jobless growth which the US has been experiencing since 2000. The US Dollar is a Ponzi scheme. Taking advantage of its currency being the global currency, the US just “prints” it currency to pay for its import from China and other countries and then in return such exporting countries, including India, deposit those dollars in US in government bonds and in the US share market. Unlike the US, India cannot print its currency to found its deficits. Printed Pages: 223.

Title: India is a Country, not a Company: How Anglo- US ’Imported’ Economists Misled and Mismanaged Indian Economy

Author Name: Susmit Kumar

Categories: India, History, Culture, and Politics,

Edition: First Edition

Publisher: New Delhi, India, Munshiram Manoharlal Publishers Pvt. Ltd.: 2018

ISBN: 8121513251

ISBN 13: 9788121513258

Binding: Hardcover

Book Condition: New

Jacket Condition: New

Size: 15 x 23 Cm

Seller ID: 041254

Keywords: India is a Country, not a Company: How Anglo- US ’Imported’ Economists Misled and Mismanaged Indian Economy Susmit Kumar India