Praise for the silver jubilee edition: “Uma Kapila’s 25th edition of this well-known volume contains an excellent and up-to-date collection of essays on the Indian Economy by some of the country’s leading economists, interspersed with very useful contributions by the editor herself. It will be a great boon for all students of the Indian economy…young and old.” — Shankar Acharya, Chief Economic Adviser to the Government of India (1993-2001) “The annual edition of Dr. Uma Kapila’s Indian Economy since Independence has become a staple, annually updated, reference for University students throughout the country, for aspirants for the civil service and other examinations, and for all those interested in a single comprehensive source of information, and analysis by a galaxy of scholars, on the Indian economy. This twenty-fifth anniversary edition marks a milestone in a remarkable journey, begun in 1988 by a revered teacher of long standing from Delhi University.” — Indira Rajaraman, Former Member, 13th Finance Commission and presently Member, Central Board of Reserve Bank of India Sharing a piece of its history... Year 1988: Upon publication of the first edition of this book, which was originally designed for students of the University of Delhi, Prof. VKRV Rao, the legendary economist, policymaker and institution builder, thus wrote in a letter addressed to the editor Uma Kapila: “...It will be a most unusual kind of textbook for pioneering which you deserve congratulations. I, therefore, send you my good wishes for the success of the publication and its use by students who do Economics Honours not only in the University of Delhi but also other universities.” —V.K.R.V. Rao (1988), His wishes have since come true.