The recent theme is globalisationand development. In the countries following democracies, decentralisation is also strategically adopted ascentralised planning has failed to reach the targets of development. Moreover, liberlaisation, privatisation and marketisation policies have been alternatively used by developing countires, seeing the success of development and grwoth of developed world. The world have become a village in terms of globalisation approach to development. These new techniques apart, the role of institutions in the development of a country is not sufficiently recognised which the book emphasizes. Democracy promotes decentralisation as well creates institutions which should be used positively to achieve rapid growth of the economy. The pitfalls of globalisation and it failures, besides the appropriate methods of decentralisation involving people's participation ot achieve maximum growth was effectively analysed so as to help policy implementers to take right action to make India a highly developed country within ten years. In this process the purity of institutions meant for development, particularly Panchayat Raj Institutions, planning boards in States, Development agencies etc have been highlighted in the book to see that India achieves its maximum potential overcoming, discontents of development. The main theme of the book is achieving maximum growth; Gobalisation, decentralisation and institutions have to be efficinetly and effectively utilised to reach this goal. India has potential, but not able to use it as it is not moving along positive development path. Hence the emphasis is on decentralisation and institutions in the context of globalisation for reaching the goal of highly developed India within the shortest possible time involving people in the development process. About Author : Prof.K.M. Naidu, is a well known economist having 38 years of teaching and research experience. He worked in Karnataka University, Dharwad area, University of Mysore, Mysore: Sri Krishnadevaraya University, Anantapur and Sri Venkateswara University,Tirupati, Andhra Pradesh. The latter University as alnanater gave his strong grounding and high quality education his strong grounding and high quality education with M.A. and Ph.D. degrees. As a prolific writer he published 156 articles in various economic journals and presented research papers at various Seminars, Conferences, Wrokshops of UGC, IEA, ISLE, APEA. He also published 10 books. He was the former Director, Institute of Correspondence Courses, Dean, College Development Council and Chairman, Research Assessment Council and Monitoring Cell, Sri Venkateswara University, Tirupati. He completed a few Major and Minor Research Projects sanctioned by UGC, New Delhi University, Tirupati where he is presently employed as an awardeee of Emeritus Fellow by Univesity Grants Commission, New Delhi.Prof. K.Sreenivasulu Naidu after securing his M.A., Diploma in Banking and Accountancy. M.Phil., and Ph.D. from Sri Venkateswara University gained experience as Research Associate at NISIET; latter he was selected as Lecturer in the Department of Economics, Sri Venkateswara University and promoted as REader as well as Professor. He bought various papers at Post-Graduate level like Regional Economics, Micro Economics, Research Methodology, Industrial Economics and Federal Finance. He has visited Nepal in 1991. He guided M.Phil., and Ph.D. scholars successfully securing awards of 15 M.Phil., and 4 Ph.Ds besides guiding nearly 7 research scholars in the Department. He has completed 3 UGC Minor Research Projects and 2 Major Research Projects and continuing now with one Major Research Project. He has published more than 25 research papers in various research journals besides presenting papers at various Seminars, Conferences, Workshps etc., of UGC, IEA, ISLE, APEA. He has also published 3 books. Contents : ForewordIntroductionAcknowledgementscontributors's PapersList of ContributorsEconomic Reforms and Panchayat Raj Institutions in India an Analysis of RealityGlobalization and Decentralized Institutions for Development Indian Context.Globalization: A Myth of the Indian StatesGlobalisation and Decentralised DevelopmentDecentralized Planning, E-Governance and Panchayati Raj Institutions for Economic Development in IndiaGlobalisation and Decentralised Human Resource Development in IndiaGlobalization Policy from the Swadeshi Angle