The updated content covers the government's approach to fiscal deficit management during challenging times, including increased capital expenditure (Capex). On the monetary side, it examines the Reserve Bank of India’s (RBI) inflation-targeting framework and its response to global interest rate changes. D. Digital Transformation and Infrastructure
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Detailed look at manufacturing growth, Make in India, and MSME support policies.
Overhauled the corporate insolvency resolution process, significantly cleaning up non-performing assets (NPAs) in the banking sector. The updated content covers the government's approach to
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The text analyzes India's transition from an agrarian economy to a service-led economy. It highlights the unique nature of Indian development, where the economy largely bypassed the traditional manufacturing-intensive stage. Invest in the latest Kindle edition or a
: Estimated at 7.4% for FY 2025-26, making it the fourth consecutive year India has led major global economies.
Manufacturing has hovered around 15–17% of GDP for decades.
The expansion of the Unified Payments Interface (UPI) and the formalization of cash-based sectors. India moved toward Liberalization
Uma Kapila’s "Indian Economy: Performance and Policies" is a foundational text for understanding India's modern economic journey. The book provides a comprehensive analysis of India's economic development, policy shifts, and structural transformations since independence. It is widely used by university students and civil services aspirants. Core Structural Themes 1. Growth and Structural Change
For students and competitive exam aspirants (such as UPSC Civil Services), the text serves as a roadmap for policy evaluation.
The narrative shifts dramatically in 1991. Facing a balance-of-payments crisis, India moved toward Liberalization, Privatization, and Globalization (LPG)