The Indian economy is on the fast-track expansion path. This is reflected in simultaneous rise in every area of the economy, for instance; bank credit diversification, buoyancy in the farm sector, remarkable performance in the manufacturing and services sectors, accompanied by rise in exports and massive inflows through Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII) routes. The growth of India represents a rosy picture with overall increase in the returns, employment opportunities, GDP etc. Indian economy has recorded growth of 9.4 percent during 2006-07 as compared to 9 percent in 2005-06. Industrial and service sector has also recorded growth of 10.9 and 11 percent rise in 2006-07 as compared to 9.6 and 9.8 percent in 2005-06. Moreover, India has the highest number of billionaires in Asia and fourth highest in the world. The fast growing stock market has established India as the fastest growing wealth creator. The overall growth of Indian economy is motivating young Indians to take the benefit of the demographic dividend and increasing employment opportunities. This book is a significant contribution as it tries to describe the true picture of the current position of the Indian Economy. It not only focuses on the improvement, but also focuses on the areas which still need improvement to be on par with global standards. It is a "must read" for all students, researchers and academicians.
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