Prof. C. H. Hanumantha Rao is one of India's most distinguished economists. He has contributed immensely to both research and policy making in India. As a token of gratitude, some academicians and policy makers decided to pay a tribute on his 75th birth anniversary by bringing out a volume containing research papers relating to few important themes on India in the context of globalising world. All the contributors to this volume have made important contributions in their respective fields. The themes included in this volume are presented in four sections. The volume begins with Macro Issues in Development covering issues such as changing role of Reserve Bank of India, fiscal federalism, performance of firms, macro modeling, and governance. The next two themes are Issues in Agricultural Development and Equity and Emerging Institutions in Agricultural Development. These sections cover important issues relating to agriculture ranging from WTO and trade to small farmer development. It is known that Prof. Rao has extensively worked on agriculture and rural development in India. The last section is Poverty and Environment. The papers included in this section cover issues on poverty reduction, sustainable development and employment, and climate change. At this stage of India's development, analysis of above issues is important for framing better policies to achieve growth and equity in India. Surely, the essays included in this volume would be quite useful for researchers, policymakers and students.

Here's the new avatar of the previously entitled ""Indian Economy Since Independence,"" the highly acclaimed and widely accepted reference text which continued to be revised every year until it ran into its 18th edition in 2006.The book is essentially, a collection of select articles by some of India's topmost economists and experts. These highly recommended original readings are well supported by comprehensive 'editorial notes' by Uma Kapila.In addition to being a widely read textbook by college/university students and IAS/MBA aspirants, this volume also serves as an ideal gateway for any interested reader to explore, in a most authentic manner, various aspects relating to India's economic development since 1947.