BOOK REVIEW

BY

PRASHANT YADAV LAMTURE

M.COM – II ( SEM- IV) DIV – A
ROLL NO – 256

BRIHAN MAHARASHTRA COLLEGE OF COMMERCE

(AUTONOMOUS) PUNE - 411004
What’s the purpose of this book?
 To build confidence amongst investors and to get support from the
public.
 Attract youth to the area of economics and finance.
 Tolerance and Respect: Essentials for Economic Progress

About the author

 Katherine Dusak Miller Distinguished Service Professor of Finance at
the University of Chicago Booth School of Business.
 23rd Governor of the Reserve Bank of India
 Vice-Chairman of the Board of the Bank for International Settlements.
 7th Chief Economist and Director of Research at the International
Monetary Fund.
 Fault Lines: How Hidden Fractures Still Threaten The World
Economy written a book.
 Received the inaugural Fischer Black Prize
Fighting Inflation
 They moved from targeting Wholesale Price Index (WPI)
inflation, which was not what the consumer experienced, to
targeting Consumer Price Index (CPI) inflation.

 To generate sustainable growth, we have to fight inflation first.

 Other possible causes of high food price inflation.

Dosanomics
 They got paid 10% on their fixed deposits at banks, now they
got 8%. Was that fair?
Democracy, Inclusion, and Prosperity

 Fukuyama’s three pillars of a liberal democratic state

1. a strong government
2. rule of law
3. democratic accountability

 Mr. Raghuram Rajan’s fourth pillar is “Free Markets”.

Conclusion
 If you want to study the current economic situation, you must
read this book.

 It will also understand how the central bank works.

 It explains exactly what is inflation?

 Mr. Rajan has made important points that are necessary for
development but cannot be found in any economics book.

 He has also expressed his views on the issue of Make in India,

Largely for India.
THANK YOU