Many chapters are curated essays from leading economists like Montek Singh Ahluwalia, C. Rangarajan, and Bimal Jalan.
The book has received widespread praise from both academic economists and policy experts. , former Chief Economic Adviser to the Government of India, described the 25th edition as "a great boon for all students of the Indian economy...young and old". Indira Rajaraman , a former member of the 13th Finance Commission, called the book a "staple, annually updated, reference for University students throughout the country, for aspirants for the civil service and other examinations".
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Devaluing the rupee, slashing import tariffs, and opening doors to Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). Post-1991 Growth Trajectory
Indian economy : performance and policies, 2014-15 - Internet Archive Many chapters are curated essays from leading economists
Indian Economy Since Independence: A Comprehensive Blueprint of Growth, Challenges, and Transformation
Uma Kapila’s "Indian Economy Since Independence": A Comprehensive Guide and Academic Overview , former Chief Economic Adviser to the Government
It links economic theory directly with Indian policy documents, economic surveys, and planning commission data.
The Second Five-Year Plan (1956–1961), heavily influenced by statistician Prasanta Chandra Mahalanobis, shifted the focus toward rapid industrialization. The core philosophy was simple: build a strong capital goods sector (steel, heavy machinery, power) under public sector ownership to make India self-reliant. The Green Revolution
: Insight into India's unique leap straight from agriculture to services, skipping the traditional manufacturing-heavy phase of development. 3. Structural Challenges and Socio-Economic Issues