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Synopsis The state and pace of India’s development show many troubling signs. In the 1990s, there was a dream, which seems to be tantalizingly within reach –the dream of becoming a fast growing economy, so that poverty could be wiped out. However, this dreams remains elusive. The excitement and optimism generated by the economic reforms have abated. The ability of policy make45rs to obtain radical changes greatly diminished and the progress of reforms have been blocked. Industrial growth has decelerated. Export growth fell. Infrastructure bottlenecks persist. Poverty, illite4racy and ill-health still remain major problems. The political instability has not provided atmosphere conductive to domestic and foreign investment. However, there are many positive signs. The rate of economic growth is quite significant. The performance of agriculture is remarkable. Inflation is well under control for most of the years. Exports are keeping up. The financial sector reforms have resulted in radical institutional development in securities markets. The level of food security has improved. Here is remarkable success in information technology. Overall, there are dramatic changes in India’s economic development. With this backdrop, it is intended to look into Indian development experiences covering macroeconomic aspects; regional perspectives, state specific analysis and micro level studies, and twenty-two papers are included in this volume.