Synopsis The process of economic reforms initiated in the year 1991 is transforming the fabric of Indian economy extensively and has promoted new directions and dimensions for its development. In this context this book is an up-to-date attempt which reviews and analyses the various reforms measures and their impact within easy comprehension of the students and the general readers. Second generation of economic reforms have also been reviewed comprehensively. Finally, a number of emerging economic issues have been evaluated critically which need rethinking in the years ahead to fulfill the dream of developed India by 2020. The treatment in this book is very simple, compact, coherent and critical. Wherever necessary the subject matter has been substantiated with up to date statistical facts and figures. The book will be of immense value to the students as well as to general readers having interest in Indian economy as it provides the new perception of Indian economy emerging out on account of various measures of economic reforms at one place and in a concised form.