B B Bhattacharya is a Director, Institute of Economic Growth. His specialization includes Macroeconomics, Monetary Economics, Public Finance, Development Economics, International Finance and Macro Economic modeling and forecasting. He has published seven books and more than fifty technical papers on these subjects in well-known journals in India and abroad. A leading expert on macro econometric forecasting in India, he served as the Honorary Secretary and Vice President of the Indian Econometric Society. Currently he is the Charmin of the Committee for Review of Capital Formation in Indian Agriculture and the Vice President of the Indian Association for Research in National Income and wealth. His views on economic and public policies are widely quoted in India and abroad.
N N Vohra, was a member of the Indian Administrative Service (1959-94), borne on the Punjab cadre. With the Government of India, he successively served as Secretary Defence Production, Defence Secretary and Home Secretary. On retirement he took over as Director, India International Centre (1995-97, 1998). In 1997 he was recalled to serve as Principal Secretary to the Prime Minister of India (1997-98). Member of the National Security Advisory Board (1998-2001), Chairman, National Task Force on Internal Security (2000) and C0-Chariman of the India-EU Round Table, has been writing on issues relating to security and good governance.
Preface, List of tables, Introduction, Revision of production and price indices, Production behaviour, Saving and investment, Behaviour of prices, Fiscal balance, Balance of payments, Money, credit and interest rate, Forecasts in the short and medium run, Conclusions and policy implications, appendices.