In its 20th edition, this trusted definitive text is a comprehensive treatise on modern economics. it discusses in detail microeconomics, macroeconomics, monetary theory and policy, international economics, public finance and fiscal policy and above all economics of growth and development. The book has been exhaustively revised to provide students an in-depth understanding of the fundamental concepts and is streamlined to focus on current topics and developments in the field. ??? Discussion on contemporary topics such as Amartya Sen???s Capabilities Approach to Development, Issue of Choice by an Individual under Conditions of Risk and Uncertainty, Role of Human Resources (Education and Health) in Economic Development and many more. ??? New chapters on Unemployment in Developing Countries (with Special Reference to India) and Objectives and Instruments of Monetary Policy ??? Coverage on role of MNCs in economic growth of developing countries as well as the policy of 'Make in India' and of big push to FDI by NDA Government