Economic development in post-independence India -- Economic development and under development -- Human development -- India's economy at independence -- Growth institutional framework and policy regime -- Economic planning: evolution and strategy -- Economic reforms and liberalisation -- Demographic constraint: population change and economic development -- Land reforms -- Growth and structural changes since 1951 -- Sectoral trends and issues -- Poverty in India -- Unemployment and employment perspective -- Economic inequality in India -- Current perspectives in agriculture -- Agriculture: role and growth performance -- Agricultural price policy, food management and food security -- Current perspectives in industry and services -- Industrial policy -- Industrial growth and structure since 1951 -- Micro, small and medium enterprises (MSEs) -- Public sector in the Indian economy -- Services in the Indian growth process -- Foreign direct investment -- Financial sector and external sector -- The financial sector: structure, performance and reforms -- Foreign trade and tirade policy -- Balance of payments -- India and the WTO.