Written in a clear and objective manner, this revised edition of the popular textbook provides comprehensive coverage of the Indian economy. With extensive references to original works, this account examines updated data and answers important financial questions on topics that include basic issues in economic development, economy and independence, policy regimes, development and structural change, and sectoral trends and issues. Especially designed for less advanced students, this resource is an ideal introduction to the Indian economy. The book provides comprehensive coverage of the Indian economy under five sections: Basic Issues in Economic Development; Indian Economy at Independence; Policy Regimes; Growth, Development, and Structural Change; and Sectoral Trends and Issues.