ABSTRACT

This chapter provides a broad overview of the entire book. It tries to provide a chapter-wise summary and the subject matter of each chapter. As India is a part of the globalized world, the impact of the slowdown is posing various new challenges in the real sector, monetary, fiscal and foreign policies. India, being recognized as one of the fastest growing nations and having the tremendous potential of a demographic dividend and a digital revolution, may emerge as an important player in the international domain. So, the study of the trends and pattern of changes taking place in the structure of institutions, policies and the future course of change in the socio-cultural environment in India demands a thorough review and understanding. The fundamental motivation for writing this kind of a textbook is to impart proper and unbiased knowledge to students in the field of economics incorporating the remarkable contributions of eminent economists in a volume. Though it is virtually impossible to include each and every issue as it would be voluminous and time-consuming, earnest efforts were made to touch upon all major issues, concepts and policies starting from the period of independence till its publication. A brief chapter-wise summary is being provided so that the readers may get a clear and concrete view about the discussions included in each of the chapters.