This book presents a comprehensive account of the structural changes in India's economy initiated by colonial rule and globalization. It provides an understanding of the country's political and economic transition as it evolved into a stable democratic state. Capturing a crucial time span of90 years, it attempts to connect present-day economic trends in India in the context of the country's economic history. The book broadly covers: transition to colonialism-impact on education, law, business organization, and land rights trends in macroeconomic aggregates-national income, population, labour, savings, and investment; major sectors of development-agriculture, mining, industry, infrastructure, banking,and trade; and economic change in India post-Independence. Reader-friendly and accessible, the third edition offers clearly-defined concepts, wider coverage of themes with a brief overview of post-Independence developments in India, and explanatory tools like reading suggestions, glossary, tables, figures, boxes, and illustrations. It will be anindispensible resource book for undergraduate students and teachers of economic history.