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)

Thanks, as always, to my supporters on Patreon!

Kate McFarland

About Kate McFarland

Kate McFarland has written 467 articles.

Kate has previously made a living as a professional student, with her most recent academic interests including philosophy of language and pragmatics. She has been a writer and reporter for Basic Income News since March 2016, and she received an Economic Security Project grant work 2017 in support of her work. She also accepts donations on Patreon (although she is in the process of moving to a platform for one-time donations), where she explains a little more about her role in the UBI community.

Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *