There is no generic formula for growth and every country has specific characteristics and historical experiences that must be reflected in its growth story. It has now been widely recognized that inclusive growth is imperative for sustainability, so governments around the world are aware that even as they pursue economic growth they must make that growth process inclusive. This book explores the new aspects of development philosophy. Divided into six broad sections, it addresses the issues of growth and development, monetary policy, banking policy, fiscal policy, food security, and global environment with reference to the Indian economy. The underlying theme of all the articles in the volume is how to promote growth that is inclusive, equitable, and ultimately leads to the emergence of a value-based, compassionate society.