Written in a clear and objective manner, this revised edition provides comprehensive coverage of the Indian economy. With extensive references to original works, this account examines updated data and answers important financial questions. From economic reform and foreign trade to agriculture and industrial growth, this textbook analyzes the contemporary issues confronting India. Especially designed for less-advanced students, this book is an ideal introduction to the Indian economy. The book comprises 28 chapters organised into seven sections: Section - I, Basic Issues in Economic Development; Section - II, Indian Economy at Independence; Section - III, Policy Regimes; Section - IV, Growth, Development and Structural Change; Section - V, Sectoral Trends and Issues; and, Questions, Glossary, and Select Bibliography.