The Indian Economy: Problems And Prospects

This volume brings together his seminal contributions in the areas of economic planning and development. Grounded in the specific characteristics of Indian social reality, it provides a critical assessment of the Indian development experience in a historical perspective. Using a multi-disciplinary approach, this selection of writings and speeches engages with a wide range of issues: rationale of planning, approaches to planning, and different aspects of regional level planning;industrial development, agricultural development, price policy, income policy, and the role of co-operatives in social transformation; andsocial and economic challenges in relation to change and development in new states. The basic principles enunciated by Gadgil– planning with a regulatory frame, active role of government in promoting co-operative institutions, food self-sufficiency, and employment orientation of planning–are significant even today in the context of ‘inclusive growth'. An introduction to Gadgil's social philosophy and economic praxis, a biographical note, and reflections by eminent thinkers on the relevance of Gadgil's work complete the volume.