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Synopsis The volume which has been published in honour of Prof. Baidyanath Misra presents a comprehensive analysis of the social and economic problems of India with recent controversies in respect of liberalization with market economy. The authors belonging to different parts of India, from the range of Himalayas to Kanya Kumari with specialization in different fields of economic activity have adopted a point of view which has great relevance for improving the economy and social sell-being of the people of India. The economists who have contributed papers in this volume have successfully blended together both light and fruit bearing economics. Therefore, the main theme in this volume is not whether to increase the rate of growth, but how to increase it so that the benefits of growth does not create any social imbalance. Among the massive problems that confront Indians are unemployment, poverty, inequality, environmental pollution, resource management, unplanned education, health hazards, women deprivation, impact of globalisation and liberalisation and so on. Though topics covered range over a wide field of economics and social issues, there is a continuity in their presentation, which gives an individuality of its own. In fact all these issues are discussed in such an elegant style that the readers can have an opportunity to study the subject all by themselves and at their own pace while deriving benefit of a vast range of real situations both at home and abroad. The published book would be a valuable addition to the current stock of knowledge on the subject. The book would be of immense help to the academicians, researchers, students, statesmen, bureaucrats, policy-makers and general public interested on the latest development of the Indian economy.