This monograph appeared in the July-September 1997 issue of 'Aspects of India's Economy', a quarterly bulletin of the Research Unit for Political Economy (R.U.P.E), 18 Peter Marcel Building, Plot 941, Prabhadevi, Opp. Prabhadevi Temple, Bombay 400025, India.
From the jacket of 'Aspects of India's Economy' (July-September 1997):
"This issue consists solely of a long essay by S.K. Ghosh, author of The Indian Big Bourgeoisie: Its Genesis, Growth and Character and India and the Raj 1919-47: Glory, Shame and Bondage (in two volumes). It seemed appropriate to us to print this essay on the occasion of the fiftieth anniversary of India's so-called 'independence', for it surveys not only the abysmal failure of the Indian State to fulfil any of the grand promises made to the people in 1947, but also the reasons for this failure, which lie in the political economy of India."
III. Models of Underdevelopment and Dependence
IV. 'Development' Planning — at Whose Expense?