This book presents a comprehensive survey of the Indian Economy in terms of GDP growth, savings, investment and developments in various sectors such as agriculture, industry and services. A contradiction observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield acceleration in the process of poverty reduction and growth of employment.
A thorough revision of the book was necessitated by these rapid changes taking place in the Indian economy. Readers will appreciate that economic scenarios, both at the global and national levels, have been changing continuously. It has been our endeavour to introduce new analysis by way of adding new sections and revising existing chapters for a better understanding of the evolving problems and opportunities for the Indian economy. A new chapter on 'Fourteenth Finance Commission (2015-20)' has recently been added in the book.