PREAMBLE: This paper includes the theories of growth and development, social and sartorial aspects of development, the importance of agriculture and industry, the rationale and pattern of industrialization in developing countries. The other important issues related to development such as policy environment, infrastructure linkages, the role of international trade, the role of monetary and fiscal policies, investment criteria and relevance for planning have been included. This paper deals with the theoretical aspects of the process of growth and development including the role of agriculture and industry as well as the role of the state.
- Teacher: Mahadeo Deshmukh Economics