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BIOGRAPHY Dr. Bimal Jalan is one of India’s well known economists. He was Governor of the Reserve Bank of India from 1997 to 2003. During this period, the Reserve Bank successfully managed the impact of the East Asian crisis and its aftermath; substantially strengthened India's balance of payments position; maintained a low inflation environment and promoted wide-ranging reforms in the financial sector. In August 2003, he was nominated to the Rajya Sabha, the Upper House of India's Parliament, by the President for distinguished service to the country Before taking over as Governor of the Reserve Bank, Bimal Jalan held several high level positions in India and abroad. In India, he has served as Chief Economic Adviser to the Government, Banking Secretary, Finance Secretary, Member-Secretary of the Planning Commission, and Chairman of the Economic Advisory Council to the Prime Minister. He represented India as Executive Director on Boards of International Monetary Fund and the World Bank in Washington D.C. during 1988-89 and 1993-96 respectively. Earlier, he was Director (Economic Affairs) of Commonwealth Secretariat in London. Bimal Jalan was educated at Presidency College, Calcutta and Cambridge and Oxford. He has been Chairman/President of a number of distinguished academic institutions, including the Indian Statistical Institute, Kolkata, Indira Gandhi Institute of Development Research, Mumbai, National Council of Applied Economic Research, New Delhi and Institute of Economic Growth , New Delhi. He has written extensively on the Indian economy. Books by Bimal Jalan on the economy include India's Economic Crisis: The Way Ahead (Oxford University Press, 1991), The Indian Economy: Problems and Prospects (Penguin, 1993; Revised Edition 2004), India's Economic Policy: Preparing for the 21st Century (Viking/Penguin, 1997), and India's Economy in the New Millennium - Selected Essays (UBS Publishers, 2002). His earlier publications include Problems and Policies in Small Economies (Croom Helm, London, 1982) and Essays in Development Policy (Macmillan, 1975). Bimal Jalan's two recent books on India are: "The Future of India: Politics, Economics and Governance" (Viking / Penguin, 2005), and its sequel "India's Politics: A View from the Backbench" (Viking / Penguin, 2007). These two books are primarily concerned with current political developments, and suggest a programme of reforms to make India's parliamentary system more stable and accountable.
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