Datt & Sundharam’s Indian Economy

This revised edition of Datt and Sundharam’s Indian Economy presents an up-to-date review of trends and issues framing the development of the modern Indian economy. This comprehensive update involved a complete rewrite of the original book as part of the endeavour to promote a critical understanding of the ever-changing canvass of opportunities and challenges facing the Indian economy.

This edition represents a fresh attempt to study the evolving journey of the increasingly complex Indian economy from a contemporary vantage point while retaining a longer-term historical perspective. Divided into five parts, the book begins with an overview of the Evolving Structure of the Indian Economy, which introduces India as a developing economy, and discusses its economic growth, demographic trends, human development, infrastructure and the environment. The second part delves into India’s Planning System and Evolution of Economics Sectors. As areas of national concern, the topics of Poverty, Inequality, Employment and Social Security are taken up in the third part. The fourth part on the Fiscal-monetary system and India’s Financial Sector discusses key aspects of India’s fiscal, monetary and financial sector policy, including a detailed review of the Union Budget 2023-24. The final part focuses on Trade, Technology and Globalisation discussing issues related to trade policy, foreign direct investment, India’s interface with the World Trade Organisation, participation in global value chains, and the state of technology in the context of India’s emergence on the global economic stage.

With the marshalling of large amounts of data in an array of tables, graphs, charts, and boxes explaining key concepts and special topics, the book is informative, engaging, visually appealing and facilitates better understanding of the evolving complexities of the Indian economy along with the potential and limits of economic policy in the country. The revision has been developed according to the curriculum of the National Education Policy 2020 and caters to the academic requirements of undergraduate Economics students. The findings from contemporary literature/research covered in the book will help the Post graduate students and researchers from economics, commerce and finance streams. It will also be a useful resource for the aspirants appearing for various competitive examinations.