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Swamy redefines his path-breaking ideas on India-specific economic development
in his seminal work, Reset. It undertakes a nuanced analysis of how the highly
prosperous Indian economy witnessed a long, accelerated decline due to persistent British imperialist
aggression, and compares the distinctive manner in which Asian giants—India and China—suffered
at the hands of imperialism. He critically analyses the highs and lows of the Nehruvian model of
centralized economic planning borrowed from the Soviet Union, and the debilitating circumstances
that impelled him, as Commerce Minister in Prime Minister Chandra Shekhar’s government, to
draw up a blueprint for economic reforms.

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