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Synopsis Among the Indian scholars who have made consistent and perspective contribution to the field of economic science, Professor P.R. Brahmananda is one of the front-ranking in the country, contributing and reflecting on a variety of economic problems including those of the Indian economy for about five decades. Indian economy : agenda for the 21st century—essays in honour of professor P.R. Brahmananda is the Festschrift to pay respect to this great scholar of economics of India on his completion of 75 years of age. To keep in tune with Professor Brahmananda’s multi-directional contributions and his special concern for the Indian Economy, this volume is planned to touch almost every important aspect of the Indian economy as far as possible. This volume provides a wide array of analytical and practical issues faced by the Indian economy at the present conjuncture of world history. The new challenges emanating from the operation of the reform programmes in the economy since 1990s, as well as the change in the institutions of the world economy need to be tackled both by the practitioners as well as by the researchers to find the directions of the economy in the new millennium. The papers in this volume pick up these important action agenda and advocate fresh thinking in the years to come".