The textbook "Indian Economy: Performance and Policies" by Dr. Uma Kapila is a foundational resource for undergraduate students and UPSC aspirants. The latest 26th Edition (2025-26) has been significantly updated to reflect India's post-pandemic resilience, digital transformation, and its roadmap toward becoming a developed nation by 2047. Core Themes & Sectional Highlights
The updated text organises the Indian economic narrative into five critical sections, integrating the latest Economic Survey 2024-25 data and policy shifts. Section I: Basic Issues & Policy Regimes
Evolution of Strategy: Examines the transition from the 1991 Liberalisation, Privatisation, and Globalisation (LPG) reforms to current supply-side interventions.
Demography: Discusses the "Window of Opportunity" provided by India’s demographic dividend and the necessity of skill development to harness it. Section II: Growth and Distribution
Poverty & Inequality: Features updated statistics, such as the World Bank’s revised poverty line ($3.00/day) and India’s falling extreme poverty rate, currently estimated at 5.3%.
Employment: Highlights the shift toward "formalization" through the e-Shram portal (31 crore+ registrations) and the impact of the new Labour Codes. Section III: Agriculture & Food Management
Diversification: Focuses on high-growth allied sectors like livestock and fisheries, which have grown significantly over the last decade.
Infrastructure: Evaluates the e-NAM platform and the Agriculture Infrastructure Fund (AIF) in improving farm-gate facilities. Section IV: Industry and Services
Manufacturing Leap: Covers the Production Linked Incentive (PLI) Schemes across 14 sectors, attracting over ₹2.0 lakh crore in investment.
Services Leadership: Analyzes India's role as a global hub for technology, with services now contributing approximately 55% to the Gross Value Added (GVA). Section V: Financial and External Sectors
Banking Health: Documents the multi-decadal low in Gross Non-Performing Assets (GNPA), which fell to 2.2% by September 2025.
External Stability: Discusses record-high foreign exchange reserves (over $700 billion by early 2026) and India's position as the world's top remittance recipient. Updated Edition Details (2025-26)
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Indian Economy: Performance And Policies (25th Edition: 2024-25)
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Book Details:
About the Book:
The book provides an in-depth analysis of the Indian economy, covering its performance, policies, and reforms. It explores various aspects of the economy, including growth, inflation, poverty, and inequality, as well as sectoral issues like agriculture, industry, and services. The book also examines the impact of globalization and liberalization on the Indian economy.
Contents:
The book is divided into 32 chapters, covering the following topics:
Updated Edition:
The 2018 edition of the book includes updates on recent economic policies, reforms, and developments in India, such as:
PDF Availability:
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The Indian economy is currently navigating a period of robust growth and strategic policy shifts, as detailed in the latest edition of Uma Kapila’s "Indian Economy: Performance and Policies". The 26th Edition (2025-26) of this definitive textbook provides a comprehensive analysis of India’s economic trajectory, focusing on its resilience as the world's fastest-growing major economy. Core Framework of the Latest Edition
The updated volume is structured into five critical sections that align with modern undergraduate and competitive examination curricula, such as those for the IAS:
Basic Issues in Economic Development: Explores institutional frameworks and evolving policy regimes. Title: Indian Economy: Performance and Policies Author: Uma
Growth and Distribution: Analyzes ongoing challenges with poverty, inequality, and employment trends.
Sectoral Perspectives: Covers agriculture, industry, and the rapidly expanding services sector.
Financial and External Sectors: Reviews banking reforms, trade policies, and global integration. Key Performance Indicators (FY 2025-26)
According to the latest Economic Survey 2025-26, which is reflected in the themes of Kapila’s current work, India has achieved a "Goldilocks moment" of high growth and low inflation:
Real GDP Growth: Estimated at 7.4% for FY 2025-26, making it the fourth consecutive year India has led major global economies.
Inflation Control: Reached its lowest average since the current CPI series began, standing at 1.7% (April-December 2025).
Fiscal Discipline: The central government’s fiscal deficit is targeted at 4.4% of GDP, down from pandemic-era highs.
External Stability: Foreign exchange reserves reached a record $704.9 billion by early 2026, providing substantial cover for external debt and imports. Evolving Policy Regimes
Kapila’s analysis emphasizes the shift from demand-pull strategies to supply-push improvements:
Manufacturing & PLI Schemes: The Production-Linked Incentive (PLI) across 14 sectors has attracted over ₹2.0 lakh crore in investment, significantly boosting domestic production and employment.
Digital & Physical Infrastructure: Rapid expansion of national highways (up 60% since 2014) and 99% railway electrification support industrial momentum.
Financial Health: The banking sector has seen gross non-performing assets (GNPA) decline to a multi-decade low of 2.2% as of September 2025.
Trade Strategy: A move toward a "disciplined Swadeshi" approach aims to reduce strategic vulnerabilities while deepening integration with global value chains. Availability and Updates
Indian Economy: Performance and Policies by Dr. Uma Kapila is a cornerstone for students and professionals. The latest 26th edition (2025-26) About the Book: The book provides an in-depth
provides a deep dive into the nation's transition from a post-independence agrarian state to a global economic powerhouse. SchoolChamp 📈 Key Economic Pillars
Kapila organizes the complex Indian landscape into five critical segments: Institutional Framework:
Analyzing the shift from planned development to market-led growth. Distributional Issues: Tackling the persistent challenges of inequality job creation Agriculture & Pricing:
Exploring productivity constraints and the modern "Farm to Fork" evolution. Industry & Services:
Assessing the rise of the digital economy and the "Service Sector" dominance. Financial Sector:
Evaluating banking reforms, monetary policy, and the external trade balance. 💡 Why This Book Matters Accessibility:
It uses simple language without diluting complex economic analysis. Exam Prep: It is a primary recommendation for and other competitive government exams. Historical Context:
It tracks growth from the "Hindu Rate of Growth" (pre-1980) to the post-liberalization acceleration. Retail Maharaj 🛠️ Performance Highlights Growth Shift: India's average annual growth jumped from (pre-1980) to over in recent decades. Productivity: Total Factor Productivity rose from annually between 1960 and 2000. Reform Impact:
The 1991 New Economic Policy (NEP) successfully dismantled "Industrial Licensing" to boost global competitiveness. How to Access:
While full copyrighted PDFs are rarely legally free, you can find the 25th Edition (2024-25) or the latest version at retailers like Academic Foundation If you'd like, I can: Summarize a specific chapter (e.g., Poverty or Agriculture) Compare India's pre-1991 and post-1991 Help you find study notes for specific exams Which area of the Indian economy should we explore next?
Indian Economy: Performance and Policies : Kapila, Uma - Amazon.sg
The 26th edition (2025-26) of "Indian Economy: Performance and Policies" by Dr. Uma Kapila is a comprehensive text covering agricultural, industrial, and financial sectors, integrating updated statistics for academic and competitive exams. The book is noted for its accessible narrative style, though some readers suggest more graphical representations for data-heavy sections. Find the latest edition on Amazon India. Indian Economy: Performance and Policies - Amazon.in
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).