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Books to be read during RBI Grade B preparation other than the course books

Which books can be read during RBI Grade B preparation other than the course books in order to remain motivated/relaxed. 

Books to read during RBI Grade B preparation or before Interview other than the course books in order to remain motivated/relaxed and which necessarily relates to economics and Finance so as to keep curiosity intact. In this Article we will share you list of Few Books from Former RBI Governors which are not only interesting but also stickig to the broad domain of the Indian economy/Indian financial system

Books to be read during RBI Grade B preparation


(i) Advice & Dissent by Dr. Y.V. Reddy

Dr Y.V. Reddy is a former IAS officer of the 1964 batch who served as the Governor of the Reserve Bank of India from 2003 to 2008. He was awarded the Padma Vibhushan in 2010.

Advice & Dissent by Dr. Y.V. Reddy

(ii) Who Moved My Interest Rate by Dr. D. Subbarao

Who Moved My Interest Rate is an insider's account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges.

Who Moved My Interest Rate by Dr. D. Subbarao

(iii) I Do What I Do by Dr. Raghuram G. Rajan

I do what I Do is a non fiction book authored by economist and former Governor of the Reserve Bank of India, Raghuram Rajan published by Harper Collins India in 2017

When Raghuram G. Rajan took charge as Governor of the Reserve Bank of India in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit and India’s exchange reserves were falling. As measure after measure failed to stabilize markets, speculators sensed a full-blown crisis and labelled India one of the Fragile Five economies.

Rajan’s response was to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India’s institutions and the country’s ongoing programme of reform. He outlined a vision that went beyond the immediate crisis to focus on long-term growth and stability, thus restoring investor confidence. Boldness and farsightedness would be characteristic of the decisions he took in the ensuing three years.

Rajan’s commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times. Whether on dosanomics or on debt relief, Rajan explains economic concepts in a readily accessible way. Equally, he addresses key issues that are not in any banking manual but essential to growth: the need for tolerance and respect to assure India’s economic progress, for instance, or the connection between political freedom and prosperity.

I Do What I Do offers a front-row view into the thinking of one of the world’s most respected economists, one whose commitment to India’s progress shines through in the essays and speeches here. It also brings home what every RBI Governor discovers for himself when he sits down at his desk on the 18th floor: the rupee stops here

I Do What I Do by Dr. Raghuram G. Rajan

(iv) Of Counsel by Dr. Arvind Subramanian

In Of Counsel: The Challenges of the Modi-Jaitley Economy, Arvind Subramanian provides an inside account of his rollercoaster journey as the chief economic advisor to the Government of India from 2014-18, succeeding Raghuram Rajan as captain of the ship.

Of Counsel by Dr. Arvind Subramanian

(v) The Story of the Reserve Bank of India by Mr. Rahul Bajoria

The Story of the Reserve Bank of India documents the origins and evolution of the Reserve Bank of India, by analysing its leadership, its autonomy, its ‘political economy’ and its role in financial development. The book also explores the impact various governors have had in shaping the institution and its relationship with the government, especially the ministry of finance, in shaping India’s economic policy.

With in-depth research and wide-ranging accounts by leading economists, experts and former RBI governors and officials, this is the most impactful book ever written on the RBI.

The Story of the Reserve Bank of India by Mr. Rahul Bajoria

(vi) Dialogue of the Deaf by Mr. T.C.A. Srinivasa Raghavan

Dialogue of the Deaf is the history of the politics of monetary policy in India. The workings of the Reserve Bank of India and its strange relationship with the government forms the core of the book. The workings of the Reserve Bank of India and its strange relationship with the government forms the core of the book.

Dialogue of the Deaf by Mr. T.C.A. Srinivasa Raghavan

(vii) Half Lion: How P.V. Narasimha Rao Transformed India

When P.V. Narasimha Rao became the unlikely prime minister of India in 1991, he inherited a nation adrift, violent insurgencies, and economic crisis. Despite being unloved by his people, mistrusted by his party, and ruling under the shadow of 10 Janpath, Rao transformed the economy and ushered India into the global arena.

With exclusive access to Rao’s never-before-seen personal papers and diaries, this definitive biography provides new revelations on the Indian economy, nuclear programme, foreign policy and the Babri Masjid. Tracing his early life from a small town in Telangana through his years in power, and finally, his humiliation in retirement, it never loses sight of the inner man, his difficult childhood, his corruption and love affairs, and his lingering loneliness. Meticulously researched and brutally honest, this landmark political biography is a must-read for anyone interested in knowing about the man responsible for transforming India

Half Lion: How P.V. Narasimha Rao Transformed India


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