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Indian Economy Since Independence (36th Edition 2025-26)
A comprehensive and critical analysis of India’s economy, 1947-2025
Uma Kapila
Praise for this book
“The annual publication, Indian Economy Since Independence edited by Dr Uma Kapila is a veritable boon to the Economics student community in India. The authors she chooses for the different themes are eminent economists or public policy experts. The amount of effort she puts in the editorial notes for each subject area is tremendous. I am greatly impressed by the high quality and rich range of successive editions of the book. I look forward to the latest edition of the book year after year. My hearty compliments to Dr. Kapila.”
— K L Krishna
Former Director, Delhi School of Economics; Padma Shri Awardee-2025
Sharing a piece of its history...
Year 1988: On publication of the first edition of this book, which was originally designed for students of the University of Delhi, Prof. VKRV Rao, the legendary economist, policymaker and institution builder, thus wrote in a letter addressed to the editor Uma Kapila:
“...It will be a most unusual kind of textbook for pioneering which you deserve congratulations. I, therefore, send you my good wishes for the success of the publication and its use by students who do Economics Honours not only in the University of Delhi but also other universities.”
— V.K.R.V. Rao
Praise for the 25th (silver jubilee) edition:
“Uma Kapila’s 25th edition of this well-known volume contains an excellent and up-to-date collection of essays on the Indian Economy by some of the country’s leading economists, interspersed with very useful contributions by the editor herself. It will be a great boon for all students of the Indian economy…young and old.”
— Shankar Acharya
Chief Economic Adviser to the Government of India (1993-2001)
“The annual edition of Dr. Uma Kapila’s Indian Economy since Independence has become a staple, annually updated, reference for University students throughout the country, for aspirants for the civil service and other examinations, and for all those interested in a single comprehensive source of information, and analysis by a galaxy of scholars, on the Indian economy. This twenty-fifth anniversary edition marks a milestone in a remarkable journey, begun in 1988 by a revered teacher of long standing from Delhi University.”
— Indira Rajaraman
Member, 13th Finance Commission and
Member, India Advisory Board of the World Gold Council
About the Author(s) / Editor(s)
Dr. Uma Kapila, author/editor of several books on Indian economy, retired as Reader, Department of Economics, Miranda House, University of Delhi. She has taught Indian economy to undergraduate students for more than 42 years. Currently, she is Editorial Director, Academic Foundation.
Contributors
<p>Sarthi Acharya</p>
<p>Pulapre Balakrishnan</p>
<p>Rupa Chanda</p>
<p>Ajay Chhibber</p>
<p>Shaktikanta Das</p>
<p>Bibek Debroy (late)</p>
<p>Satish Y. Deodhar</p>
<p>S. Mahendra Dev</p>
<p>Biswajit Dhar</p>
<p>Tim Dyson</p>
<p>Maitreesh Ghatak</p>
<p>Ashok Gulati</p>
<p>Vijay Joshi</p>
<p>Ritika Juneja</p>
<p>Uma Kapila</p>
<p>Muneesh Kapur</p>
<p>Vijay Kelkar</p>
<p>Nagesh Kumar</p>
<p>Tulsi Lingareddy</p>
<p>Santosh Mehrotra</p>
<p>Rakesh Mohan</p>
<p>R. Nagaraj</p>
<p>Arvind Panagariya</p>
<p>Michael Debabrata Patra</p>
<p>T.S. Papola (late)</p>
<p>Manish Kumar Prasad</p>
<p>C. Rangarajan</p>
<p>C.H. Hanumantha Rao</p>
<p>M. Govinda Rao</p>
<p>Partha Ray</p>
<p>A. Amarender Reddy</p>
<p>Ranjana Roy</p>
<p>Alakh N. Sharma</p>
<p>D.K. Srivastava</p>
<p>K.R. Shanmugam</p>
<p>Jayan Jose Thomas</p>
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