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Synopsis New Era in Indian Economy deals with mega economic policy highlights starting with Foreign Exchange Management Act and the strong dollor inflows. The trend in rupee appreciation that started in June 2002 has continued with the rupee now trading at Rs. 46.90 key reasons for this are the weakness in the dollor and strong dollor in flows (forex reserves are now at U.S. $82 billion). First six chapters are devoted to Foreign Exchange, Banking, Export Finance and allied matters related to forex and R.B.I. It is worthwhile mentioning that appreciation of rupee is also backed by the relatively strong Indian economy. The abundant food stocks, surplus on external current account and strong foreign exchange reserves have also strengthened the Indian economy. The chapters on Economic Survey 02-03 and Budget 2003-04 provide an insight into the growing Indian economy expected to grow by around 6 per cent in the financial year 2003-04, a sharp increase from the 4.4 per cent growth in the past year making it one of the world’s fastest growing economies. Delving on the major policy highlights like Exim Policy, W.T.O. and VAT provide an analytical study which are slowly integrating the Indian economy. Despite the issues having raked up controversy and criticism, all said and done these are going to be the leading policies effecting the economy, accelerating towards achieving a competitive edge in growing world market. Covering twelve important issues with its thrust on post reforms era, the book provides an insight into the major economic policies in a precise and analytical manner.