S Chand Launches the much-awaited Datt & Sundharam’s Indian Economy, 73rd Edition
New Delhi : In a significant announcement, S Chand and Company Ltd. has released “Datt & Sundharam’s Indian Economy, 73e” on January 12, 2024. This edition marks the return of the textbook after an eight-year gap.
The first edition of the book Indian Economy by Ruddar Datt and K.P.M. Sundharam appeared in 1965. Since then, successive editions of the book have been a standard feature on the reading list for the students of the Indian economy over two generations. A particular strength of the book had been its regular and continuous updating in response to the ever-changing landscape of the India’s economy and economic policy environment.
This new edition of the book is not just a revised version, but a complete rewrite. This edition “represents a fresh attempt to study the evolving journey of the increasingly complex Indian economy from a contemporary vantage point while retaining a longer-term historical perspective”.
Divided into five parts, the book covers a wide range of topics related to the Indian economy. It includes a comprehensive analysis of the Union Budget 2023-24. It delves into diverse topics, including the environment, demographic transitions, economic growth, poverty, inequality, agriculture, industry, services, education, healthcare, food security, and technology.
The authors, Gaurav Datt, Associate Professor at Monash University and Dr Biswajit Nag, Professor at Indian Institute of Foreign Trade, New Delhi have aimed to offer readers not just a book but a dynamic portal into the economic heartbeat of India. This edition is a culmination of extensive research and a sincere endeavor to capture the nuances of India’s evolving economy and explore the challenges and triumphs that define its financial journey.
Himanshu Gupta, the Managing Director of S Chand and Company Ltd., added, “As we present ‘Datt & Sundharam’s Indian Economy 73e,’ we are thrilled to bring forth a resource that goes beyond the traditional boundaries of economic literature. Collaborating with distinguished authors like Gaurav Datt and Dr. Biswajit Nag marks a significant chapter in our pursuit of quality educational content.”
The contribution of such a book on the Indian economy ought to be assessed in the context of two important developments of our times. First, we are living in an information age where all manner of information on virtually any topic is at our disposal with just a few clicks on a web-enabled device. We have a situation of not a dearth but a glut of information. Second, the last couple of decades have seen a continuing upsurge in research on different facets of the Indian economy, which offers a potentially useful repository of analytical work to draw upon. Thus, the challenge is to judiciously curate the vast body of available information and research output to present both an up-to-date description and an analysis of any given topic, that rescues the essential from the inessential. This new edition of the book is an attempt to address this challenge.