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The World Economy is passing through difficult times. First COVID-19 and now Russia-Ukraine war has caused massive economic disruption all over the world. Nations all across the globe are abandoning globalisation and resorting to protectionist policies to protect their economic interests. As far as India is concerned the recently released Report on Currency and Finance by RBI states that it will take more than 12 years for the Indian Economy to recover fully from the adverse effects of COVID-19. Contents : PART I Basic Concepts and Issues in Economics Development PART II General Theories of Economic Growth and Development PART III Partial Theories of Development PART IV Problems and Policies-Domestic PART V Problems and Policies-International PART VI Financing Economic Development PART VII Development Planning: Issues and Techniques PART VIII Development and Planning in India