The Talk
Manthan was proud to host the release of Dr Y V Reddy’s autobiography in Telugu, ‘Naa Gnapakalu’
The Book
The successful functioning of a democracy requires the efficient functioning of institutions as well as people at all levels of government and other public agencies. Illustrating this aspect, the autobiography offers the life experiences of a seasoned administrator and technocrat, Dr Reddy, who worked at various levels of State, Central and International agencies.
The book offers a vivid and insightful discussion of operational aspects, interpersonal relations between political leadership and administrators and their dynamic interplay in policy management. The author discusses these matters, not from a distance, but from direct personal involvement, which lends an invaluable authenticity, in a lucid way as he progresses in his career from one level to another in the hierarchy. Of particular importance is his involvement in the economic reforms initiated in the 1990’s and later as Governor of the Reserve Bank of India and as Chairman of the Fourteenth Finance Commission.
The multiple dimensions of macroeconomic management, which hitherto remained mysterious matters to most people are narrated in extensive detail in turn enabling the reader to gain a deep understanding of these vital issues to assess the previous reforms and to anticipate future directions.
The book, in Telugu, is at once an autobiography and a history of economic reforms in India during the life time of the author.
Y V Reddy, Dr, Former Governor RBI
Dr Yaga Venugopal Reddy is an IAS officer who served as Governor of the Reserve Bank of India between 2003 and 2008 and is Chairman of Finance Commission.
In 2010, he was awarded India’s second highest civilian honour, the Padma Vibhushan.
Dr Reddy has been credited saving the entire Indian banking system from the sub-prime and liquidity crisis of 2008. Dr Reddy played a crucial role in framing macro-economic policies that helped quarantine the country from the domino effect of the financial crisis encountered by the South-East Asian countries during the later part of the 1990s.
Joseph E. Stiglitz, Professor of Economics at Columbia University and Nobel Laureate, had said ‘If America had a central bank chief like Y.V. Reddy, the US economy would not have been in such a mess.’ He is widely consulted on many financial issues by institutions both in India as well as the world over.
Dr Reddy holds a PhD from Osmania University, Hyderabad and was awarded Doctor of Letters (Honoris Causa) by Sri Venkateswara University, India; and Doctor of Civil Law (Honoris Causa) by the University of Mauritius.
Dr Reddy is an Honorary Fellow of the London School of Economics.
Before RBI, Dr Reddy was with International Monetary Fund as Executive Director.
