This is a very old book first published by Macmillan in 1975. It deals with the study of India's development experience and its lessons for the future has been in the making for nearly six years. Its purpose is to sift the experience of the past two decades and more and to present a basis for a fresh start in planning for India's economic and social development. In the course of the study, several leading events and trends of development in the fifties and the sixties and the relationship between short-term and long-term economic policy take on new meaning