......The volume under review has twenty- one contributors out of which eleven are from the R B I family. Out of sixty articles thirty one are by RBI Executives – past and present. This includes four Governors, two Deputy Governors and this invests the book with special authority and importance. In a learned introduction, Dr. Kapila points out how after half a century of zero growth between 1900 and 1950, India grew at 3.5 per cent in the first decade of planned development. In the past two decades the growth rate doubled to 7 per cent. The peak growth was 9.5 per cent during 2005- 2008. However, it slumped to 6.2 per cent in 2011- 12 and further to 5 per cent in 2012- 2013. This could be the rate for 2013- 14............
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