During The Last Four Years, The Indian Economy Has Been Undergoing Phenomenal Changes. Licensing And Controls Are Being Dismantled. Nationali¬Sation Is Giving Place To Privatisation. Import Of Capital And Technology Is Being Liberalised. Terms And Conditions For The Import Of Capital And Technology Are Being Eased. Attractive Terms Are Being Offered To Multinationals To Induce Them To Set Up Production Units In India. Fast Progress Is Being Made In The Direction Of Making The Rupee Completely Convertible. Imports Have Been Liberalised; Import Duties Have Been Drastically Reduced; More And More Items Have Been Added To The Ogl List. Bank Interest Rates Have Been Freed.In Order To Make A Critical Analysis Of The Changes That Are Taking Place In Various Fields Of The Indian Economy, We Have Planned To Bring Out Five Volumes Covering Different Fields And Including Different Shades Of Opinions. The Present Is The First Volume Of The Planned Five Volumes. The Contributors Of This Volume Are Leading Experts In Their Respective Fields.It Is Hoped That The Book Would Be Found Useful By The Researchers And Students Of Economics, Businessmen, Government Executives Concerned With The Formulation And Execution Of Economic Policies, Parliamentarians And Legislators, And The General Readers Interested In Knowing The Changes That Are Taking Place In Our Economy.