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Synopsis The national income accounting system in India is passing through the turmoil of transition as the country moves away from a regime of controls and regulation to liberalized and decentralized governance. This volume highlights the importance of relevant and reliable data to assess the performance of reforms. The essays present models for developing appropriate decentralized area statistics in the country. They provide guidelines for improvements in the estimation of national income aggregates, such as workforce and employment, agricultural and industrial production, poverty and price inflation. The progress of reforms also depends on the architecture of the international financial system. The volume includes insightful discussions on the state of global financial institutions. Contributors include reputed economists such as B.S. Minhas, Uma Datta Roy Choudhury, and Montek Singh Ahluwalia. The book is a compact source of quality evaluative information on the national income accounts of post-independence India. It contains essential reference material for economists, researchers, managers of data systems relating to production in industry, agriculture and services, and statisticians.