In defiance of the stereotypes trotted out by yesterday’s pundits, modern India’s rise is both unusual and unexpected. It is unusual because some of the sharpest economic improvements are being observed in those sections of Indian society which were thought to be the most disadvantaged: women, oppressed castes and rural India. It is unexpected because of the widespread view. Until a couple of years ago, India’s democratic construct was inferior to China’s single-party state.
In Behold the Leviathan: The Unusual Rise of Modern India, Saurabh Mukherjea and Nandita Rajhansa provide a gripping picture of how 1.5 billion Indians are combining to spectacular effect to create a range of social and economic outcomes which have no precedent in any emerging economy. For example, India now has as many chess grandmasters as the United States, and the expertise of its scientists has guided India’s space modules to the dark side of the moon, a feat no other country has achieved.
In this zeitgeist-defining book, the authors have also explored, through pathbreaking research, why the vast majority of India’s companies are struggling to grow their profits even as a small minority of these companies have gone on to build globe-girdling franchises worth tens of billions of dollars.
Written over two years, during which the authors crisscrossed India hundreds of times and interviewed over fifty of the country’s leading thinkers in business, policymaking, media, and academia, Behold the Leviathan has been hailed by the cognoscenti as 'a firecracker of a read,' challenging decision-makers, policymakers, and opinion leaders to reevaluate their long-standing perceptions of India's development.
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Saurabh Mukherjea is the founder and chief information officer (CIO) of Marcellus. Saurabh was educated at the London School of Economics, where he earned a BSc degree in Economics (with First Class Honours) and an MSc degree in Economics. In London, Saurabh became the co-founder of Clear Capital, and in 2007, he was rated by the Extel Survey as one of the top small-cap analysts in the UK. In India, Saurabh was rated as the leading equity strategist in 2015, 2016 and 2017 by the Asiamoney polls. Before setting up Marcellus, Saurabh was the chief executive officer (CEO) of Ambit Capital. He is also a SEBI-registered investment advisor and, upon invitation, joined the Mutual Fund Advisory Committee. In 2019, Saurabh was part of the Expert Committee constituted by SEBI to upgrade the PMS regulations. He has written six bestselling books.
Nandita Rajhansa is an economist and analyst at Marcellus Investment Managers, where she has been working for more than three years. She is responsible for travelling across the country and generating actionable insights for her team and blogs. She completed her Bachelor of Arts (BA) in Economics from Fergusson College, Pune and a postgraduate diploma (PGDM) in Data Analytics from Meghnad Desai Academy of Economics in Mumbai. She is currently pursuing a Chartered Financial Analyst (CFA) program and has passed levels 1 and 2.
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