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Strategic Consequences of India’s Economic Performance   

Strategic Consequences of
India’s Economic Performance


Foreword by K. Subrahmanyam

Hard Bound Book (6¼” x 9¼”) :   Pages : 496
2006  Edition   :   ISBN -81-7188-558-6
Price : Rs. 795.00 ;  US $ 59.95
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“a collection of Baru’s journalistic greatest hits...

required reading for anyone interested in the interplay between domestic economic strategy and global power politics."

Financial Times, London                   


“The author (Sanjay Baru), currently media advisor to the Prime Minister is perhaps one of the first mainstream economic commentators in the country to look at the intersection of economics and national security.

...Baru's essays and columns collected in this book are a vital contribution towards initiating a contemporary debate that will help shape a future policy."

Hindustan Times, New Delhi                             

“It is that bold vision and conviction about a new India, which was being forged in the 1990s and early 2000s, that comes through in this collection...

As India continues its march forward to acquire 'comprehensive national power', that brings together all the elements that constitute the strength of nations, the analytical path opened by Baru will remain an important one to emulate."

Indian Express, New Delhi                               


“Baru's book deserves to be prescribed reading for policymakers."

Outlook, New Delhi                                           


“It comes as a relief to read something different Such as, Strategic Consequences of India's Economic Performance, Sanjay Baru...

Suggested active Read..."

The Hindu • Business Line, New Delhi                                 


“These are superbly crafted and insightful writings on economic and security issues. No one who wishes to follow India …. can afford to ignore this splendid collection. Buy, read, profit and enjoy.”

Jagdish Bhagwati
University Professor, Economics and Law,
Columbia University, USA
and author of In Defense of Globalization

“Sanjaya Baru is a vital voice in our public argument—shrewd, well informed and with the strategist's knack of seeing the implications of choices several moves in advance.Anyone interested in India's global role must read this book.”

Sunil Khilnani
School of Advanced International Studies,
Johns Hopkins University, USA
and author of The Idea of India

“This is an eloquent book, and a must-read for those of us in search of an inside-view of India's evolving strategic and economic role in a dynamic, fast-changing world.”

N.R. Narayana Murthy
Chairman and Chief Mentor,
Infosys Technologies Ltd.

“Sanjaya Baru is one of the bright lights of modern India. Before most others in journalism, academia, or politics, he was able to see the immense opportunities for India created by globalization and a new international atmosphere. In this fine collection of essays Baru analyzes these issues, which lie at the crossroads of economics, politics, and public policy. Free of old thinking and tired clichés, Baru writes clearly and convincingly. All that remains is that his countrymen be convinced.”

Fareed Zakaria
Editor, Newsweek International
and author of The Future of Freedom

“This compilation, to my knowledge, is the only one in India that provides deep insights into the complex interplay of global, Asian and national dimensions of economic, political and strategic policy.”

Y. Venugopal Reddy
Governor, Reserve Bank of India

“This is a most timely and unique volume on economic dimensions of India's foreign policy. No one could have done a better job of exploring this relatively uncharted territory than Dr. Baru.”

Bimal Jalan
Member of Parliament (Rajya Sabha) and
former Governor, Reserve Bank of India

“...a very timely contribution by Sanjaya Baru to the ongoing debate in the country on the choice of strategy to enhance India's economic growth and development and international security...”


K. Subrahmanyam
India’s leading defence analyst and former Head of the
National Security Council Advisory Board (NSCAB)

“Sanjaya Baru's writings remain a rare, yet exciting, contribution to an under-examined subject, namely the political economy of power. ...He has become a critical participant in actualizing India's emergence as a powerful state, while his work remains a marvelous reflection of the debates accompanying that process.”

Ashley Tellis
Carnegie Endowment for International Peace,
Washington DC

“India has emerged as a key participant in the global economy with important economic and security implications. The world outside India is only beginning to recognize this important development. The essays in this volume can serve as a guide to anyone seeking to have a better understanding of what is happening and what may happen in the future.”

Martin Feldstein
George F. Baker Professor of Economics at Harvard University (USA);
President and CEO, National Bureau of Economic Research, Cambridge, Massachusetts, USA

The new turn in India's economic policies and performance in the last decade of the 20th Century; the success of Indian enterprise in the post-WTO world; the emergence of a confident professional middle-class; a demonstrated nuclear capability; and, the resilience of an open society and an open economy, in the face of multiple and complex challenges—these have all shaped India's response to the tectonic shifts in the global balance of power in the post-Cold War era. No economist has paid a closer attention to the strategic consequences of India's increasingly impressive economic performance than Sanjaya Baru.

In this collection of academic essays and newspaper columns, that experts and lay readers would find equally stimulating, Baru explores the business of diplomacy and the diplomacy of business in a rising India. The role of India's cultural and intellectual ‘soft power’ in shaping global perceptions of India are examined. The book offers a panoramic view of the geopolitics and the geoeconomics of India's recent rise as a free market democracy.


Sanjaya Baru  is one of India's highly regarded economic commentators. Presently, Media Advisor and Spokesperson to the Prime Minister of India, Baru was Chief Editor of The Financial Express and Associate Editor of The Economic Times and The Times of India. He was Professor, Indian Council for Research on International Economic Relations, New Delhi, and a Member of India's National Security Advisory Board. He is on the Governing Board of the Centre for Policy Research, New Delhi, was a consultant to UNDP and was a J. Watamull Fellow at the East-West Centre, Hawaii. He is the author of The Political Economy of Indian Sugar and has published extensively on economic and strategic policy in India and abroad.





1. The strategic consequences of India’s economic performance
2. The economic dimension of India’s foreign policy
3. Conceptualising economic security
4. National security in an open economy
5. Stewing in our own juice
6. India and the world: Learning to walk on two legs
7. The economics of national security
8. The Bombay plea
9. Competitive advantage: Merit, markets and the middle class
10. The fruits of economic diplomacy
11. The Madrid impasse: India and G-9 stand up to be counted
12. Intimations of greatness: The challenge of realising India’s potential
13. Diplomatic business: Trade and flag in today’s world
14. The strategic imperative
15. Brinkmanship blues: Memories of a near forgotten crisis
16. Economic sanctions in war on terror
17. Not an advisable advisory
18. Who wants charity?
19. Who is afraid of globalisation?
20. Sizing up the competition
21. Doing our own thing
22. A Jaswant Singh doctrine on foreign aid
23. India launches FTA spree before Cancun
24. The business of foreign policy
25. Slower track WTO versus fast track FTAs
26. Foreign trade is also about imports
27. An open market and an open society
28. How Asian is India?
29. India and ASEAN: The emerging economic relationship towards a Bay of Bengal community
30. The Asian economic crisis and India’s external economic relations
31. South Asian dialogue: Business of peace and security
32. Tackling trust, trade and terrorism
33. A win-win race in South Asia
34. South Asia can rise and shine together
35. Economic consequences of J&K elections
36. The business of other neighbours
37. IT and the e-Economy: The ballast for India-US relations
38. India, China and the Asian neighbourhood: Issues in external trade and foreign policy
39. Mr. Rao goes to Washington
40. Beyond nuclear policy: A wider perpective on signing CTBT
41. Who’s afraid of entities list?
42. Dotcom diaspora: World wide web of overseas Indians
43. Terms of engagement
44. Long and short of India-US relations
45. The big deal about no big deal
46. India and US: Out of the South Asia box
47. Putin Russia in perspective
48. G-8 Summit: Not just because it’s there
49. Business in command China’s cultural counter-revolution
50. Manhattan of the East: Wandering and wondering in China
51. Pacific blues: The US-China face-off
52. The Chinese art of economic diplomacy
53. The new great game: APEC, ASEAN+3 and now JACIK, an alphabet soup in a changing Asia
54. Business beyond borders: India-China relations show the way for India-Pakistan relations
55. An eagle’s eye on the dragon
56. Is India a paper tiger?
57. The coming of age of Korea Inc.
58. State and market in foreign policy
59. The economic consequences of the Kargil conflict for India and Pakistan
60. Geography of business: Time, space and technology
61. Media multiplier: Soft power of Indian software
62. Widen that lens
63. An India of Narayana Murthy or Sudarshan?

Appendix: India’s emergence in world affairs
Speech by Jawaharlal Nehru in the Constituent Assembly (Legislative),
New Delhi, December 4, 1947.



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