This collection of articles was written by the eminent economist Professor S. K. Goyal under an era of different political-economic context of planning. It is of continuing relevance to the ongoing debate on issues including: the vastly increased role of foreign capital, restructuring of public sector, financial sector transformation, crony capitalism, endemic trade imbalances, and functioning of new regulatory bodies that characterize India’s transition to the new economic policy regime. This book helps explain the development process of the Indian economy.