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Synopsis This book is an attempt towards linking the system of education with socio-economic development, formulating appropriate policies, and then evolving a planning process for their implementation.  We have the problem of educated job seekers and un-employable illiterates.  Based on the analysis of return on investments in various types of education, it is recommended in the book that we now need to invest overwhelmingly in primary education, literacy campaigns and vocational training, treating educational system as a "sub-system" of total production system (comprising agriculture and industry).  Besides, it has also been argued in the book that for authentic economic development, we need to adhere to our own indigenous values, cultural traditions and concrete socio-economic realities, so that in the era of globalization of the economies of the world, we do not become what Mahatma Gandhi would say "Strangers in their own land".  Various socio-economic factors and forces analysed in the book are also illustrated with several comprehensive figures, diagrams and flow charts.