The authors present a comrehensive survey of the Indian Economy in terms of GDP growth, savings, Investment and developments in various sectors like agriculture, industry and services. A contradication observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield an acceleration in the process of Poverty Reduction and growth of employment.

A thorough revision of the book was necessitated by rapid changes taking place in the Indian economy. To catch up with economic changes occurring at national and international levels, significant changes have been made in all chapters. A new chapter has been added entitled, Thirteenth Finance Commission. Following sections have also been added: • Union Budget 2010-11 • Recent Rise in Prices and the Common Man • Agriculture Marketing Reforms with Special Reference to APMC Model Act • Quick Estimates of the 4th All India Census of MSMEs • Update on Trade Negotiations Table of Contents • Part A: STRUCTURE OF THE INDIAN Economy: • I. India as a Developing Economy: • 1.

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Meaning of an Underdeveloped Economy • 2. Basic Characteristics of the Indian Economy as a Developing Economy • 3. Major Issues of Development • II. INDIAN ECONOMY ON THE EVE OF INDEPENDENCE: • 1. Indian Economy in the Pre-British Period • 2.

Economic Consequences of British Conquest • 3. Decline of Indian Handicrafts and Progressive Ruralisation of the Indian Economy • 4.

The Land System During 1793-1850 • 5. Commercialisation of Agriculture (1850-1947) • 6. Famines and Famine Relief in India • 7. Process of Industrial Transition in India • 8. Colonial Exploitation: Forms and Consequences • 9. Colonialism and Modernization • III.

National Income of India: • 1. National Income Estimates in India • 2. CSO Revised National Income Series with 1999-00 as Base Year • 3. Trends in National Income-Growth and Structure • 4. Limitations of National Income Estimation in India • IV. Human Resources and Economic Development: • 1.

The Theory of Demographic Transition • 2. Size and Growth Rate of Population in India • 3. Quantitative Population Growth Differentials in Different Countries • 4. The Sex Composition of Population • 5. Age Composition • 6. The Density of Population • 7. Urbanisation and Economic Growth in India • 8.

The Quality of Population • 9. Population Growth as a Factor of Economic Development • 10.

Population Policy • 11. National Population Policy (2000) • 12. Population Projections (2001-2026) • 13. Demographic Dividend • V. Human Development in India: • 1. The Concept and Measures of Human Development • 2.

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Human development Index for Various States in India • 3. National Human Development Report (2001) • 4. Progress of Human Development in India • 5. Directions of Policy • VI. Occupational Structure and Economic Development: • 1. Economic Development and Occupational Distribution • 2.

Historical Experience of Structural Change in Developed Countries • 3. GDP and Employment Shares in Selected Developing Countries • 4. Changing profile of GDP and employment in India (1950-51 to 2001-02) • 5. GDP, Employment and Productivity per Worker in India • 6. Relative Shift in the Shares of NSDP and Employment in Agriculture, Industry and Services in Different States • 7. Workforce Participation Rates in India • VII. Natural Resources, Economic Development and Environmental Degradation: • 1.

Natural Resources in the Process of Economic Development • 2. Land Resources • 3.

Forest Resources • 4. Water Resources • 5. Fisheries • 6.

Mineral Resources and Mineral Policy • 7. Economic Development and Environmental Degradation • 8.

Global Climate Change and India • VIII. Infrastructure in the-Indian Economy: • 1. Infrastructure and Economic Development • 2. Transport System in India's Economic Development • 5. Growth of Indian Railways • 6. Roads and Road Transport System in India • 7.

Rail-Road Co-ordination • 8. Water Transport in India • 9. Civil Aviation in India • 10. The Communication System in India • 11. Urban Infrastructure • 12. Science and Technology • 13. Private Investment in Infrastructure: Outlook and Prospects • IX.