This volume provides the first comprehensive analysis of the determinants of saving and investment and the role of investment in economic growth in the Indian economy over the post-independent era. It aims to inform the national development policy debate in India, which has received added impetus following the market-oriented policy reforms initiated in 1991, and to enrich the literature on saving, investment and growth in developing countries which consists predominantly of broad generalisations made from multi-country, cross-sectional analyses