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Synopsis Economics is, in fact, the backbone of development of the country and all other developments are linked to it, directly or indirectly. In such circumstances, the importance of economic development is proved. In developing countries like India, it is rather more important. Our economic policies are such that we are lagging behind in development in comparison to other countries having better economic policies. Since the development of resources, natural as well as human, and, in fact, all is linked, directly to a greater extent, to economic development, economic policies also have the greatest importance in a country. The thrust of development oriented economics ought to be in the human periphery having the poor, hungry and deprived sections of the society. We are having a traditional economy which failed to provide solutions for them during the last 5 decades. For India, not only a strict check on population is required in order to boost economic development but judicious steps must also be taken to overcome the vicious circle of poverty, in which we are captured even after more than 50 years of our independence. Throughout the book, a simple, systematic and understandable approach to the topic is maintained elaborating the overall journey of economic development in India, and the shortfalls, the requisite solutions so that we can overcome the economic backwardness. This book is designed to serve as a textbook for students of economics. It will be of immense use to scholars, researchers, policy planners and economists. It is a must for all libraries and institutions in India and other developing countries.