Synopsis India opted for planned development approach for its socio-economic development after attaining freedom from the colonial British Empire. During the last six decades of independent India, several experiments have been put to test for the attainment of economic development. There are opinions on the usefulness of various economic models which have been tried over the years. It is also noted that strategy of Five Year Plans have been the major efforts through which India tried to achieve its development. Whereas the debate is on, the present book makes an attempt to present an objective and rational analysis about our planned effort. Also, an attempt is made to examine the paradigm shift in the development strategy beginning from the decade of nineties and the consequences thereof. It is an attempt to trace the development journey of India through different paradigms and the consequences of those efforts. The book is based on the study conducted into two states i.e. Karnataka and Uttar Pradesh apart from other secondary sources collected for the purpose.