Synopsis Indian Economy : Economic Ideas, Development and Financial Reforms" is a festschrift in honour of Professor (Dr.) Raj Kumar Sen. One unique feature of this festschrift is that the authors and the editor of this volume belong to the common category of research scholars of Professor Sen and all these articles are indicative of their respective areas of research. These articles present a comprehensive scenario of the various aspects of the Indian economy and also of the West Bengal economy in an analytical way. Researchers, teachers and advanced level students including the general readers interested in this area are all expected to be treated with a fresh and useful menu for their food for thought in this ever expanding area of our economy.