In this book, the concepts have been organized and presented in a graded and logical manner for easy understanding. While two new chapters on ‘Taxation and Public Debt’ and the ‘Foreign Exchange Rate’ have been added, the concepts of the ‘Green Net National Product’ and the ‘Supply-side Economics’ have been discussed in greater detail. Several other chapters in the book have been significantly augmented with the latest information. Many diagrams have been redrawn to facilitate clearer grasp of difficult concepts. A complete textbook on the subject for the undergraduate and postgraduate students of Economics, Commerce and Business Management. The book provides an integrated view of macroeconomics from a global perspective as well as from an Indian point of view with special emphasis on the Indian Monetary Policy.