Price trends and policies in India

The price rise in India has assumed critical proportions and deserves serious attention. As such this timely and com prehensive study of the price rise in India between 1951-73 is extremely valuable.

An analysis of the case for a price policy is followed by a discussion of the scope of price policy in its macro and micro aspects. The author then proceeds to examine the appropriate control measures for the prices of individual commodities and groups of commodities and of the economy as a whole, keeping in view the charateristics of a developing economy with a dominating agricultural sector.

Price trends during the Five Year Plans are scrutinised by analysing the general price level, the sectional price levels, and the prices of a few individual commodi ties. Finally, there is a useful discussion of price policies for the Indian economy with a dominating agricultural sector. Black money and monetary policy are dealt with in the Appendices.

The value of the book is enhanced by the sixty-four statistical tables and twelve statistical statements covering data rela ting to the price situation in India during the last two decades. This intelligent discussion of price rise will be extremely useful to students of economics and commerce, and to those interested in understanding the process of price rise in the Indian economy.