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Synopsis The book deals with the most burning and pertinent issues of economic growth, social and economic justice, the strategies of liberalisation and globalisation, the opening of the financial sector, resource mobilisation, public sector reforms, the dangers of purely market-led growth and need of good governance in a very lucid and intelligible language. t examines the root causes of the recent economic and financial crisis in the East Asian economies and provides policy options to avert such crisis. The problems and prospects of the Indian economy have been given an intellectual treatment in the light of comparative economic development witnessed during the last fifty years in the fast growing developing countries of the world. he book is woven around the realisation of the vision which our great leaders Late Pandit Jawaharlal Nehru and the father of Nation Mahatma Gandhi had for the country, a vision to banish miseries and tears and improve the lot of our million of people and to build economically, industrially and technologically strong India. he book forecasts significant slowdown of the economy in 1997-1998 and 1998-99 and thereafter revival and economic upsurge in the 21st century. Various alternative economic scenarios for Indian in the 21st century have been forecast on a set of pragmatic assumptions.