Sanjeev Sanyal

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Sanjeev Sanyal
Sanjeev Sanyal Image.jpg
Member of the Economic Advisory Council to the Prime Minister (EAC-PM)
Assumed office
22 February 2022
Alma mater Shri Ram College of Commerce, New Delhi
St John's College, Oxford
Occupation
  • Economist
  • Writer

Sanjeev Sanyal is an Indian economist and popular historian. A member of the Economic Advisory Council to the Prime Minister of India, he has helped prepare six editions of the Economic Survey of India and has represented India at G7 and OECD meetings. He is also the Chancellor of Gokhale Institute of Politics and Economics, and has written several books on Indian history to mixed reviews.

Contents

Early life and education

Sanjeev Sanyal was born in Kolkata and studied at St. Xavier's School and St. James' School. He received a Bachelor's degree in economics from Shri Ram College of Commerce, New Delhi. He then went to St John's College, University of Oxford, where he received a BA in philosophy, politics and economics in 1992, he was a Rhodes scholar, [3] [4] and received an MSc in Economics in 1994. [5] [3] [4]

Career

Deutsche Bank

Sanyal began working in financial markets in the 1990s. [4] He worked as chief economist for South and Southeast Asia at Deutsche Bank until 2008, leaving to research and write Land of the Seven Rivers, and returned in 2011. [3] By end-2015, when he resigned, he was a managing director. [a] [7] [8]

Government of India

In February 2017, he was appointed as the Principal Economic Adviser to the Indian Ministry of Finance and in that job helped prepare six editions of the Economic Survey of India. [9] [8] In February 2022, he was appointed member of the Economic Advisory Council to the Prime Minister in the rank of the Secretary to Government of India. [10] [4] Sanyal has also represented India at G7 and OECD meetings. [11]

Miscellaneous

In 2004, he and environmental economist Pavan Sukhdev created the Green Indian States Trust to promote sustainable development. [3] [12] He has also served on the Future City Sub-Committee of the Singapore government tasked with building a long-term vision for the city-state. [13] [14]

In March 2023, Sanyal led the first edition of the Delhi University Literature Festival as its patron, alongside Swapan Dasgupta as the festival director. [15] On, 7 October 2024, he was appointed as the Chancellor of the Gokhale Institute of Politics and Economics, replacing Bibek Debroy. [16]

Views

Sanyal has been a vocal critic of Nehruvian socialism, which he deems to have stemmed from an "inward-looking cultural attitude". [17] Nehru and P. C. Mahalanobis are criticized for treating the economy as a "mechanical toy", leaving little scope for the flourish of private enterprises, and ultimately throttling creativity. [17] Sanyal praises the 1991 liberalisation reforms as the harbinger of Indian Renaissance, and argues for the application of Complex Adaptive Systems framework to economic issues. [3]

Among his most-espoused views is that the historiography of India has been distorted with "Colonial, Nehruvian, and Marxist" biases — thus, requiring a "rewriting" of history by "properly revisiting" primary sources. [17] In The Ocean of Churn, Sanyal argues that the primary sources used in painting a humane image of Ashoka can also be interpreted to reconstruct him as a genocidal tyrant. [17] According to Sanyal, Ashoka did not convert to Buddhism out of laments at the Kalinga War but due to political pressure exerted by the Jains. [18] A host of other sources are invoked to compare Ashoka with "modern day fundamentalists", whose Dhaṃma Mahāmātās were "religious police"; the famed edicts about religious tolerance are read as propaganda. [17] [18]

Sanyal blames the Nehruvian project for having established Ashoka as a "great king", and stresses on the urgent need of a post-socialist reading of history. [17] In Sanyal's version of this reading, the central character is Chanakya, a "professor of Political Economy at Taxila university" who had helped Chandragupta Maurya establish a pan-Indian empire and who then wrote Arthashastra about a centralised Mauryan economy. [17] Only when the Arthashastra is retrofitted to India's current political economy —by fixing the judicial system, investing in internal security, and simplifying taxation rules— among other things, Sanyal believes that we can return to the "golden age" of India that had birthed "yoga, algebra, the concept of zero, chess, plastic surgery, metallurgy, Hinduism, [and] Buddhism." [17]

Reception

Manu Pillai, a popular historian, commended The Ocean of Churn for being a "delightful introduction to the world of the Indian Ocean" despite the possibility of professional scholars challenging his narrative and conclusions; he welcomed Sanyal's command over a layered and complex past, his "accessible" yet "captivating narrative", and especially the reevaluation of Ashoka. [19] Shiv Visvanathan, a social anthropologist specializing in science and technology studies, praised the same work for being a feisty, combative, and comprehensive history of the Indian Ocean aimed at a general audience; like Pillai, he commended the "devastating" reconstruction of Ashoka and recovering figures from the margins of history. [18] Nonetheless, Visvanathan cautioned that "a professional historian might crib" at Sanyal's efforts. [18]

Academic historians have rejected Sanyal's revisionism. Meera Visvanathan, a historian of ancient India, finds him ignorant of methodologies in historical research. [17] For all his clarion calls to go back to primary sources, Sanyal's citations remained restricted to secondary sources and mostly, mainstream histories that he sought to critique. [17] In deconstructing the narrative of Ashoka, Sanyal failed to apply source-criticism [b] and imposed a host of anachronistic categories on the past; likewise, Sanyal remained oblivious of recent scholarship on Mauryan India [c] and misrecognised a shastra of political economy, as it developed in Ancient India, as a manual of Mauryan statecraft. [17] Similarly, Sanyal's analysis of the Mahabharata was held to be an exercise in speculation to fit preconceived notions of history. [17] Overall, Visvanathan found his works to be "riddled with holes" which commanded popularity among masses only because of Sanyal's "rhetorical flourish" and a simplicity that synced to majoritarian prejudices — Sanyal's work having not been critiqued or contested by professional historians, who have never taken him seriously, is why, Visvanathan suggests, he has grown in stature and confidence. [17]

Rohan D'Souza, a historian of South Asia at Kyoto University, approved of Visvanathan's critique as a "reality-check" to Sanyal's amateur efforts at rewriting history. [20] R. Mahalakshmi, a historian of ancient India at Jawaharlal Nehru University, held Sanyal's reinterpretation of Ashoka to be entirely lacking in "contextual understanding" of the King and a politically motivated endeavor on the overall. [21] [22]

Honours

Sanyal was awarded an Eisenhower Fellowship in 2007 for his work on urban issues. [4] In 2010, he was named Young Global Leader by the World Economic Forum. [3] He has been an Adjunct Fellow of the Institute of Policy Studies at the National University of Singapore and Senior Fellow of IDFC Institute (Mumbai). [23] [24] Sanyal has been a fellow of the Royal Geographical Society, London, visiting scholar at Oxford University, adjunct fellow at the Institute of Policy Studies (Singapore), and a senior fellow of the World Wide Fund for Nature (formerly World Wildlife Fund). [4]

In 2022, Sanyal's Revolutionaries: The Other Story of How India Won its Freedom won the best Non-fiction Book Award 2022 in English at the Kalinga Literary Festival. [25] In 2023, he was awarded the KPS Menon Memorial Award for 2023 for his contributions to economic policy-making and public service. [26]

Works

Books

Columns

Sanyal is an occasional columnist for the Hindustan Times , [35] Project Syndicate, The Economic Times , [36] Live Mint , [37] Business Standard , and several other publications. [38] [39]

Notes

  1. Deutsche Bank has many employees whose job title is managing director. For example, in January 2019, Deutsche Bank promoted 63 employees in Europe and 24-36 in the United States to managing director positions. [6]
  2. Sanyal is noted to have subjected contemporary edicts, Buddhist hagiographies, and Sri Lankan legends to the same treatment.
  3. Visvanathan emphasises the documented fuzziness of the Mauryan economy and the determination that Arthshastra was the work of multiple post-Mauryan scholars.

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