Indian economy has undergone significant changes over the last three decades. New policies have been crafted, tax laws simplified, subsidies tackled, government expenditure on non-essential activities drastically cut, banking facility extended to all and many laws pertaining to the economy enacted, amended or repealed. This journey, from a mixed economy to a market economy with government as a facilitator, a dismantled Planning Commission, renewed focus on social sector development is still an ongoing uphill task. In the process, many decisions are being debated leading to heated political controversies.
This fourth edition of Indian Economy by S. Maitra touches upon these various issues through a carefully selected list of topics. It has been revised and updated with the latest information sourced from various authentic sources including PIB releases. Four new chapters namely, Economic Development and Human Development, Role of Investment in Economic Development and its Alternative Models, Indian Economy on the eve of independence, Foreign Investment in India have been added.