This is Radha Bahuguna's Introductory Macroeconomics and Indian Economic Development for Class XII, published by Dhanpat Rai & Co. as a set of three books including project work, Edition 2026-27. It is an English medium (Roman script) set — the complete text, numericals, solutions and project guidance are in English, and there is no Hindi content in it. It is prepared for the CBSE Class 12 economics course, following the latest CBSE syllabus.
The Class 12 economics paper has two halves and this set covers both, which is the practical advantage of buying it together rather than separately. Introductory Macroeconomics covers national income and related aggregates — circular flow, the value added, income and expenditure methods, GDP and welfare; money and banking — money supply, commercial banks, credit creation and the functions of the Reserve Bank of India; determination of income and employment — aggregate demand and supply, the multiplier, excess and deficient demand and their correctives; government budget and the economy; and balance of payments with exchange rate systems. Indian Economic Development covers the Indian economy on the eve of Independence, the years of planning from 1950 to 1990, economic reforms since 1991, poverty, human capital formation, rural development, employment, infrastructure, environment and sustainable development, and the comparative development experience of India, China and Pakistan.
The two halves are examined quite differently, and a student has to prepare for both. Macroeconomics turns on numericals — national income problems where the answer depends on which items are included — while Indian Economic Development turns on structured written answers stating a policy, its objective, its outcome and an evaluation in the syllabus's own terms. Books that treat one half well and the other as an afterthought leave a gap; this set gives each its own volume.
The third book covers project work, which carries its own marks in Class 12 economics and is the component students most often leave until the last week. It sets out the expected structure of a project report and what an examiner looks for.
The set is used alongside the prescribed NCERT economics textbooks, which remain the source the board sets its questions on.
Key Features:
English medium book — complete content written in English (Roman script), no Hindi content
Published by Dhanpat Rai & Co.
Introductory Macroeconomics and Indian Economic Development for Class XII (Class 12) by Radha Bahuguna
Set of 3 books including a project work volume
Edition 2026-27, as per the latest CBSE syllabus
Covers National Income and Related Aggregates — circular flow and the three methods
Covers Money and Banking — money supply, credit creation and the RBI
Covers Determination of Income and Employment — multiplier, excess and deficient demand
Covers Government Budget and the Economy and Balance of Payments
Covers Indian Economy on the Eve of Independence and the planning years 1950–1990
Covers Economic Reforms Since 1991 — liberalisation, privatisation and globalisation
Covers Poverty, Human Capital Formation, Rural Development and Employment
Covers Infrastructure, Environment and Sustainable Development
Covers Comparative Development Experiences of India, China and Pakistan
National income numericals worked with item treatment shown
Project work volume with report structure and guidance
Both halves of the economics paper in one set
For the CBSE Class 12 economics board examination
Best used alongside the prescribed NCERT economics textbooks
यह सेट धनपत राय एंड कं. द्वारा प्रकाशित Introductory Macroeconomics एवं Indian Economic Development — कक्षा XII (कक्षा 12) है, लेखिका राधा बहुगुणा; प्रोजेक्ट वर्क सहित तीन पुस्तकों का सेट, संस्करण 2026-27। ध्यान दें: यह पुस्तक पूर्णतः अंग्रेज़ी भाषा एवं रोमन लिपि में है — इसमें हिन्दी भाषा का प्रयोग नहीं है। कक्षा 12 अर्थशास्त्र का प्रश्न-पत्र दो भागों में होता है और यह सेट दोनों को कवर करता है। समष्टि अर्थशास्त्र में राष्ट्रीय आय एवं संबंधित समुच्चय, मुद्रा एवं बैंकिंग, आय एवं रोज़गार का निर्धारण, सरकारी बजट तथा भुगतान संतुलन सम्मिलित हैं; भारतीय आर्थिक विकास में स्वतंत्रता की पूर्व संध्या पर भारतीय अर्थव्यवस्था, 1950-1990 का नियोजन काल, 1991 के आर्थिक सुधार, निर्धनता, मानव पूँजी निर्माण, ग्रामीण विकास, रोज़गार, आधारिक संरचना, पर्यावरण एवं धारणीय विकास तथा भारत-चीन-पाकिस्तान का तुलनात्मक अध्ययन। दोनों भागों की परीक्षा-शैली भिन्न है — एक में संख्यात्मक प्रश्न निर्णायक हैं, दूसरे में नीति, उद्देश्य, परिणाम एवं मूल्यांकन के क्रम में लिखित उत्तर — अतः दोनों के लिए पृथक खंड होना उपयोगी है। तीसरी पुस्तक प्रोजेक्ट कार्य हेतु है, जिसके अपने अंक निर्धारित हैं। बोर्ड के प्रश्न NCERT पर आधारित होते हैं, अतः इसे NCERT पुस्तकों के साथ प्रयोग करें।
