Few issues of economic development arouse such deep emotions or controversies as the role of the foreign sector. Most orthodox economists believe that foreign aid, investment, technology and transnational corporations (TNC) are important contributory factors to economic development. On the other...

The author describes and analyses Indian economic growth and distribution since independence. After defining "growth" and "distribution", he briefly describes the objectives of Indian economic development and critically analyses the achievements of the Indian economy. The problems of...