A View From the Outside

“Chidambaram illuminates the crucial interface between economics and politics . . . his style is simple, austere,impressive . . . there is much that I enjoyed in this book’ —Meghnad Desai in PBI - Indian Express‘Economics is the science of the possible made to look like the art of the impossible’ is a definition that wouldstrike a chord with any finance minister of PBI - India who, every year, has to perform the great PBI - Indianhope trick. Otherwise known as the Budget—a careful balancing act between revenue and expenditure, taxrates and tax sops, growth and equity, reforms and the status quo. Within these constraints, however, there ismuch that a finance minister can actually accomplish, as P. Chidambaram, one of PBI - India’s most
accomplished economists and commentators, shows in A View from the Outside, a collection of columns thatassesses the promises and performance of the NDA government in the period 2002–2004. The columns,originally published in the PBI - Indian Express and the Financial Express, reflect the views of Chidambaram,finance minister between 1996 and 1998 and again from 2004 onwards, on a range of issues that remainimportant regardless of the government in power. They also provide snapshots of the PBI - Indian economy ingood times and bad. This collection covers subjects such as agriculture, reforms, budgets, forex reserves,economic growth, and tax policies. It also offers perceptive political analyses and some telling comments onsocial issues. Far more than mere reactions to developments during that period, Chidambaram provides thereader with an extraordinarily clear understanding of the problems underlying the PBI - Indian economy—andits politics—and ways of solving them. Reviews ‘There is a lot of wisdom in this book, as well asentertainment’— Gurcharan Das in Outlook"