Unlike textbooks that focus solely on facts, this book provides arguments and analysis necessary for analytical questions.
: Detailed insights into Agriculture (Green Revolution, land reforms, food security), Industry (privatization, licensing, and manufacturing slowdowns), and the growing Services Sector .
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is more than just a textbook; it is a foundational resource. Revised annually for over three decades, this collection of scholarly articles provides a comprehensive and critical analysis of India’s economic evolution from 1947 to the present. Why This Book is a Staple for Students Dr. Uma Kapila, a former professor at Miranda House, University of Delhi
The book begins by evaluating the economic drain during British rule. It highlights the massive challenges India faced at independence: Widespread poverty and low life expectancy A decimated handicraft sector Severe lack of industrial infrastructure Near-total dependence on primitive agriculture
Authorized publishers often offer digital versions (Kindle editions or Google Play Books) at a fraction of the cost of the hardback print version. This ensures you receive the most accurate, updated data and fully compliant text. Conclusion
2. The Era of Planning and Import Substitution (1950–1980)
The manufacturing sector has hovered around 15-17% of GDP for decades. To address this structural bottleneck, recent policy frameworks have focused heavily on reviving domestic manufacturing.
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The latest edition features a new foreword by noted economist Prof. K.L. Krishna and is available for purchase from Academic Foundation in paperback.
Industrial licensing was dismantled for almost all industries. The Monopolies and Restrictive Trade Practices (MRTP) Act was relaxed to allow businesses to scale freely.
Structural interventions in the late 1960s that saved India from chronic food shortages. 3. The 1991 Economic Reforms and Liberalization
Indispensable for the Economics Optional paper and General Studies Paper III.
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