Managing the Indian economy

Divided into two parts-the Macro-economy and the Agricultural-Rural economy-the book deals, in the first part, with the Nehruvian mould for economic growth and with issues like the problem of inflation control and the macro-management of the Indian economy. The major policy shifts that came about in 1991 from a merely demand-controlled economy to a combination of demand-managed and supply generating policy frame are comprehensively discussed in a remarkable chapter entitled "A U-turn in India's Development Strategies". There is also a gripping chapter on the post-World War II contribution of Indian economists to Indian development.
Part II deals with the Agricultural-Rural economy. Reflecting on the nature of India's agricultural transformation, the strategy of simultaneous development of the agricultural and the industrial sector, which provided larger and larger food and raw material supplies to industry and an ever-growing range and volume of industrial consumer and producer goods to the rural people, is spelt out lucidly.
The author has a special facility in making a jargon-oriented subject like economics, simple, lucid and easily understandable to a wide range of audiences and readers. This makes the book equally readable to economists and non-economists, students as well as non students, even though it deals with policy prescriptions firmly rooted in economic theory.