In this edition new matter has been added in a number of chapters particularly in Part Two. Latest data have been given. Changes in the public finance policy necessitated by post 1991 economic reforms have been included at relevant places in various chapters. Chapter 40 has been rewritten after including the Government of India Budget for 2008-09. Since this is a textbook primarily meant for the students of undergraduate and postgraduate courses in economics of the Indian universities it covers broadly the syllabi of almost all the universities. The entire material has been presented in make it intelligible even those who have no grounding in economics. The author is confident that this book will be equally useful for those appearing at all India and State level competitions.
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