The 25th Edition is currently available through retailers like Amazon India and Flipkart . New Economic Policy 1991, Objectives, Features, Impacts
by Uma Kapila is a premier academic text for understanding the intricacies of India’s economic development. As a comprehensively curated volume of essays and analyses from leading economists and policymakers, the book serves as a crucial resource for students, researchers, and policymakers analyzing India’s macroeconomic trajectory. As of 2026, understanding the updated insights from this work requires looking at the post-pandemic recovery, structural reforms, and the shifting dynamics of global integration.
Detailed analysis of the Industrial Policy 1991’s legacy, the "Atmanirbhar Bharat" (Self-Reliant India) campaign, and how MSMEs, once defined by investment in plant & machinery, are now defined by turnover (Udyam Registration).
Internet Archive frequently hosts past editions (e.g., 2014-15) for academic use.
Kapila, U. (2018). Fiscal Policy in India: Challenges and Opportunities. Journal of Fiscal Economics, 20(2), 1-18. The 25th Edition is currently available through retailers
Why is the "updated" version so critical? Because the Indian economy over the last five years has been a rollercoaster that defies historical precedent.
Do you need on a specific sector, like agriculture or the banking sector?
The work evaluates the performance of the three major sectors:
The updated analysis of Kapila's framework addresses the challenges and growth drivers of the current decade, focusing on post-pandemic normalization. A. Post-Pandemic Economic Recovery As of 2026, understanding the updated insights from
Balancing high GDP growth with ambitious net-zero emission targets requires massive investments in green hydrogen and solar infrastructure.
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To develop a solid paper based on Uma Kapila Indian Economy: Performance and Policies
Through active participation in forums like the G20, BRICS, and bilateral Free Trade Agreements (FTAs) with regions like the UAE and EFTA, India is actively rewriting its trade narratives to secure supply chain resilience. Conclusion Kapila, U
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For decades, manufacturing stagnated at around 16–17% of GDP.