The new, 15th Edition of the widely accepted textbook (Indian economy paper) for B.Com (Hons.) based on new guidelines (restructured course), incorporating the latest readings recommened by the Department of Economics, University of Delhi, India for the academic year 2014-15.

The book provides a comprehensive coverage of Indian economy under five sections:

I. basic Issues in economic development: institutional framework and policy regimes
II. growth and distributional issues: poverty, inequality and employment
III. current perspectives in Indian agriculture: growth, productivity, constraints and pricing
IV. industry and services sector
V. financial sector and the external sector.


The author Dr. Uma Kapila has specially designed this book based on the original readings recommended for the new course, some of these being available in her edited books: Indian Economy Since Independence, 25th Ed. 2014-15 and Two Decades of Economic Reforms, 2012.

In the present volume, the author has made an effort to keep the language simple without compromising the effectiveness of the argument or diluting the analyses. The book also carries a comprehensive Glossary.

Apart from undergraduate students, the book is widely used by students preparing for the IAS and other competitive examinations.