Academic Articles; From the web

BOOK: Vijay Joshi, India’s Long Road: The Search to Prosperity

Vijay Joshi, Emeritus Professor of Economics at the University of Oxford, has recently published a new book, India’s Long Road: The Search for Prosperity, in which he argues in favor of a basic income for all citizens of India.  

Indias Long RoadFrom the product description at

Vijay Joshi argues that the foundations of rapid, durable and inclusive economic growth in India are distinctly shaky. He lays out a penetrating analysis of the country’s recent faltering performance, set against the backdrop of its political economy and charts the course it should follow to achieve widely shared prosperity.

Joshi argues that for India to realize its huge potential, the relation among the state, the market and the private sector must be comprehensively realigned. Deeper liberalization is very necessary but far from sufficient. The state needs to perform much more effectively many core tasks that belong squarely in its domain. His radical reform model includes a fiscally affordable scheme to provide a regular ‘basic income’ for all citizens that would speedily abolish extreme poverty.

Joshi’s research interests are in macroeconomics, international economics, and development economics. Outside of his appointment at Oxford, he has held various positions in government and business offices; for example, he has served as the Officer on Special Duty in India’s Ministry of Finance, the Director of J. P. Morgan’s Indian Investment Trust, an adviser to the Governor of the Reserve Bank of India, and a consultant to international organizations including the World Bank and the OECD.

Bibliographical entry:

Vijay Joshi, India’s Long Road: The Search for Prosperity, Oxford University Press, 2016.

Reviews focusing on Joshi’s support of basic income:

Ishan Bakshi, “Oxford’s Joshi proposes basic income for all,” Business Standard, July 19, 2016.

Jaimini Bhagwati, “Scrutinising India’s Economic Past Can Guide Us to a Brighter Future,” The Wire, July 20, 2016.

Govt should wind up subsidies and provide basic income to everyone: Joshi,” WebIndia 123, July 15, 2016.

Photo credit: Chatham House (December 2012)

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Kate McFarland

About Kate McFarland

Kate McFarland has written 495 articles.

Kate is semi-retired professional student and freelance writer and researcher. She received a grant from the Economic Security Project in December 2016 in recognition of her work for Basic Income News. Despite her personally grounded critique of the monetization of volunteer labor, Kate is grateful for donations to her Patreon page, which help to support her continued work a freelance writer currently specializing in basic income. (Anonymous donations preferred to prevent both the encroachment of bias in her own work and the encroachment of transactional norms into her social relationships.)

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