His Excellency, Hon’ble Sri Ganeshilal, Governor of Odisha launched the book "Turn Around India-2020” in the presence of Dr. Surjya Narayan Patro, Speaker, Odisha Vidhan Sabha and a host of dignitaries including legislators, bureaucrats and corporates at Governor House (Raj Bhawan), here in Bhubaneshwar today (March 14, 2021).

From left to right - Dr. Ashok Panda, Speaker Surjya Narayan Patro, Governor Professor Ganeshi Lal and author Mr. RP Gupta

The book narrates a realistic and possible option for reviving Indian economy for creating new jobs and enlarging public income and also, the structural reforms such as fiscal and monetary stimuli for overcoming economic crisis arising due to pandemic as India has become the fastest growing major economy in the world.

Speaking on the occasion His Excellency, Hon’ble Sri Ganeshilal, Hon’ble Governor of Odisha, said, “I congratulate Mr. Gupta on the launch of this wonderful book on Indian Economy and said India can achieve the double digit growth as it has a high savings rate and a huge young population, adding that the economy needs to be retune. He will not pass his judgement on the book as it is for the readers to decide but praised its logical writing.”

Speaking on occasion, Author Mr. Gupta says that India is already on a “reform mode”; but it requires an aggressive push by surmounting past legacy of Colonial laws and the Soviet Union model of economy, which was adopted post-independence, and suggested pushing the investment rate to about 38-40% of GDP through regulatory easements and boosting exports @15-20% every year by reducing the cost of basic inputs such as, Capital, Energy, Logistics, Minerals and labour.

He also presented a paper on “Odisha Economy, Challenges and Barriers”. In which, he says that; SGDP growth target for Odisha should be kept 3.5-4% higher than the national growth. So that; per capita income of Odisha becomes equal to national average in next five years. For this, he argued that; credit deposit ratio must be at par with national average. Rather it should exceed national average considering low credit/GSDP ratio.

While appreciating fiscal prudence and transparency in budget, he recommends for fiscal expansion for boosting infrastructure within state. He opines that; quick results shall come by focussing on mineral based industries besides tourism, health and education sector.

About The Author

Sri R.P. Gupta, an engineer and industrialist from Odisha is the author of the book. His first book "Turn Around India" was released by erstwhile Chief Minister of Gujarat and our current esteemed Prime Minister Shri Narendra Modi in April, 2021 at Ahmedabad. Both the books emphasize on the turnaround of Indian Economy by identifying the intrinsic problems and suggesting the viable options to bring back economy on the fast track. Sri Gupta is an optimist and ardent believer of "free economy" for unlocking the hidden growth potential of India. He recommends several radical reforms which shall generate more jobs and boost per capita income.