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.