Articles previously published in the Indian express and Financial express English newspapers
The global financial meltdown, triggered by the collapse of US investment banking giant Lehman Brothers, on September 2008, is now widely acknowledged to be the worst economic crisis since the Great Depression of the 1930s. Its tremors are being felt to this day more than two years on. Whilst many were optimistic that the Indian economy was firmly decoupled from what happened elsewhere in the world, the reality turned out to be different. The booming Indian economy was affected, though not to the same degree as some advanced industrial countries. Surviving the Storm is the story of India’s remarkable resilience through this period of economic crisis. Six thematic sections pick up the several threads that sew together the story of the financial crisis, its impact on India, and lessons for the future. Dhiraj Nayyar has put together a selection of columns written for the Indian Express and the Financial Express and a few specially commissioned essays to help our understanding of this global economic crisis from the Indian dimension. The book is a treasure trove of live interpretive writing and insights from leading columnists as well as Express group journalists. The writers include Bibek Debroy, Ila Patnaik, Ajay Shah, Percy Mistry, Meghnad Desai and Rama Bijapurkar. Surviving the Storm is an informed, cutting-edge commentary on the issues surrounding the global financial crisis in India. The diversity of opinions in this collection will generate critical debate on a subject that should concern every economic actor in India.