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It gives the authors great pleasure that since the publication of the First Edition of our Economic History of India in July 1980, the Second edition of the book was published in September 1983 and there were three Reprints of the book in May 1987, January 1989 and July 1990. This shows that the student community and the teaching faculty have found our book useful. In the Third edition care has been taken to give effect to some of the useful suggestions made by the students and teachers of the subject. Also some minor literary and statistical data have been corrected. Content- 1. Establishment of the British Rule in India 2. The State of the Indian Economy Prior to the British Rule 3. Early Impact of the British Rule on The Indian Economy 4. Land Tenure and Land Revenue 5. Agriculture - A Survey 6. Agricultural Policy 7. Commercialisation of Indian Agriculture 8. Irrigation 9. Famines and Famine Administration 10. Rise of Modern Indian Industries: A General Survey 11. Evolution of the Industrial Policy 12. Foreign Trade of India 13. Transport and Communication in India 14. Income and Poverty: Economic Case against the British Rule 15. Theory of The Drain 16. Effects of World War I (1914-1918) on the Indian Economy 17. Demographic Trends 18. Agricultural Policy (1919-1951) 19. Co-operative Movement 20. Rise of Modern Industries 21. India’s Trade and Tariff Policy 22. Foreign Capital 23. Trade Union Movement 24. Labour Legislation 25. Social Security 26. Industrial Relations, Industrial Disputes and their Settlement 27. History of Indian Currency and Foreign Exchange 28. Banking in India 29. The World Depression (1929-1933) and the Indian Economy 30. History of Price Movements in India 31. Public Finance 32. World War II and the Indian Economy 33. Economic Consequences of the Partition (1947) 34. Early Thoughts on Economic Planning in India