Currently India is called a developing economy. Macroeconomic variables help in obtaining a picture of major structural changes in India's economy. Such changes accompany economic development. The economy of India is the fifth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). The country is one of the G-20 major economies and a member of BRICS. According to the IMF, on a per-capita-income basis, India ranked 142nd by nominal GDP and 126th by GDP (PPP) in 2018.

India is the 21st largest exporter and the 11th largest importer in the world. For the sake of analysis the book will be divided into the following seven parts: Part I Anatomy of Indian Economy; Part II Agriculture Reforms; Part III Industrial Reforms; Part IV Financial Sector Reforms; Part V Fiscal and Monetary Policy Reforms; Part VI External Sector Reforms; Part VII Contemporary Issues in Indian Economy.