This volume brings together nearly two decades of scholarship on macroeconomic problems and policy debates in India. It examines the changes and continuity in India's transition from a planned economy to a market-oriented one. Dealing with a wide-range of issues of contemporary relevance, the volume provides an understanding of: perspectives of orthodox and structuralist macroeconomics key macroeconomic developments, with a focus on inflation and the role of services the critical role of infrastructural investment