My book talk on India Unbound by - Guru Charan Das
Though I heard about this book long ago, I could not get a chance to read it until last Friday. My friend was pestering to make me read this book for quite some time and so I had to start it forcefully. But the book is quite good one. It is written by Guru Charan Das, the former CEO of Procter & Gamble. He had completely worked in the private sector and so he had enough freedom to expose the real challenges faced by Indian business men in his book.
Now let's get in to the book. The book starts with explaining the early days of Independent India. The econimic and political condition of the country.Then slowly starts explaining how the social and political situations stood as a obstruct for the development of entrepreneurship in the country. He explains about the policies and the beliefs of each prime minister from Nehru to P.V. NarasimhaRao which directly impacted the entrepreneurs.
He has also given some of his experiences with political leaders. I want to share one here which can stand as one of the example of government's ideals followed during the olden days and which explains the struggle of business men.
One day, the author has attended a meeting with an MP( Member of Parliament) and the MP was posed with a question to allow selling cosmetics in the country. The MP has rejected it by saying, cosmetics are not good for health and they are not liked by the people. The MP had made a decision without giving a chance to the people of the country to have options for a necessity or luxery.
many such examples are given from his real life and explained about the white and green revolutions in the country.
Talks about the economic reforms in the country during early 90's and well explained the situations that forced the government to do so. The economic reforms were taken during the tenure of P.V. Narasimha Rao and is the first to appoint an economist as a finance minister. The unique economist was Dr. Manmohan Singh who is the current Prime Minister of India (2010).
Mr. Singh had to face lot of challenges in implementing the reforms and once thought of resigning due to opposition demand in parliament. The opposition had made him responsible for Harshad Mahatha's stock exchange scam which is as stunning as Enron issue in USA.
I have lot to share on this book which I can not do here completely. It is a wonderful book and every Indian should read it for understanding the economic development of our country.
There is another master piece from the author and is titled 'The Elephant Paradigm'. I have to read it and hopefully I will write my understanding/opinion on that too.