Revised version of a thesis on Indian development policy and national planning methodology, showing how effective resource allocation and time discounting (time factor) can increase investment returns - comprises case studies of development projects involving new industrial projects, choice of technology and birth control showing the implications thereof for development planning in labour intensive economies. Bibliography pp. 223 to 231 and statistical tables.

This book presents a comprehensive survey of the Indian Economy in terms of GDP growth, savings, investment and developments in various sectors such as agriculture, industry and services. A contradiction observed in India is that while the reform process has resulted in boosting GDP growth, it has failed to yield acceleration in the process of poverty reduction and growth of employment.

Contributed articles.