Finance Minister Nirmala Sitharaman on Sunday unveiled a book on global finance, and said it suggests solutions for challenges that the world and Indian economy is currently facing.

“As a textbook, I am sure it will become very popular and more importantly, this will be a book that is very relevant to those of us, sitting on the policy making table. Secondly, its relevance and the timing of the launch of the book in India. We are currently facing a challenging time,” the minister said.

Launching the book titled ‘The Rise of Finance: Causes, Consequences and Cure’, she said it will help “understand the current economic situation facing both the world and Indian economy”.

Nageswaran is dean of IFMR Graduate School of Business at Krea University. Natarajan is senior managing director at Global Innovation Fund.

She said it has come at a time when questions are being asked about the nature of the slowdown, which is affecting the global economy and bogging it down and indeed questioning if India is actually in a slowdown.

“…the book examines the rise of financialisation globally. I really commend the prescriptive and descriptive narrative that supports the topic of financialisation and the solutions that have been prescribed for situations that the world and Indian economy is currently facing,” Sitharaman said.

India’s economic growth slumped to an over six-year low of 5 per cent in the first quarter ended June this fiscal due to slower consumer demand and private investment amid deteriorating global environment.