About the Author
Dr. V.V. Bhatt, educated at the University of Bombay and Harvard University had a successful career both as an academic and a national and international civil servant.
As a frequently cited economic researcher, he published some of his seminal articles on capital-output ratios, choice of techniques, balanced and unbalanced growth, project evaluation, income-distribution in India— all major topics in the evolving discipline of development economics.
For exegesis of his ideas he chose various internationally acclaimed peer-reviewed journals.
He authored nine books on economics. As a public servant, he held high posi-tions such as Economic Adviser, Reserve Bank of India and Chief Executive in the Industrial Bank of India and also Chief, Public Finance Division in the World Bank.