UPUEA ECONOMIC JOURNAL ISSN 0975-2382 The foundation stone of the association was laid on 25th February 2005 with its first formal meeting held at Udai Pratap Autonomous P.G. College, Varanasi presided over by Dr. M. Muzammil, Professor of Economics. The Association was founded by “Arthik Adhyayan Evam Shodh Vikas Samiti” functioning as Uttar Pradesh-Uttarakhand Chapter of Indian Economic Association - IEA, and is registered under society registration act. UPUEA has its independent membership, constitution, fund and the management system. The UPUEA organizes every year an annual conference of membership, which discusses contemporary economic problems. Besides, it promotes original research in the area of regional economic issues, on whole of U.P. and Uttarakhand, or on area specific problem. It publishes a bi-annual-bilingual economic journal. The UPUEA sponsors or arranges sponsorship to research project undertaken by members on disciplinary or trans disciplinary economic issues to add to the knowledge and to facilitate development of the region. It also supports and encourages the members to organize seminars, symposia, workshops and training courses for professional economists. Uttar Pradesh-Uttarakhand Economic Association (Reg. No. 1136/2005-06) www.upuea.org OFFICE BEARERS Association President Prof. Ravi Srivasatava CSRD, JNU, New Delhi Executive President Prof. Ashok Mittal AMU, Aligarh Prof. P.S. Bisht Kumaun University, Nainital President 14th Conference (2018) Prof. Jagdish Narayan Allahabad University, Allahabad Vice Presidents Dr. A.K. Tomar Director, Lal Bahadur Shastri Women's College, Aligarh Prof. Pradeep Kumar Pandey M.G. Kashi Vidyapeeth, Varanasi Dr. Dushyant Kumar Meerut University, Meerut Treasurer Dr. Anoop Kumar Mishra DAV College, Varanasi Joint Secretaries Prof. M.C. Sati HNB Garhwal University, Srinagar, U.K. Prof. C.B. Singh Bundelkhand University, Jhansi Dr. Vinod Kumar Srivastava RML Awadh University, Faizabad Editor in Chief Prof. P.K. Chaubey Former Director, IMS, Lucknow University, Lucknow General Secretary Prof. S.K. Mishra Pt. Deendayal Upadhyay Chair, BHU, Varanasi REGIONAL COORDINATORS Dr. Angraj Singh Pilibhit (Rohilkhand) Prof. V.P. Tripathi Agra University, (Western U.P.) Dr. B.B. Tiwari Lucknow (Central U.P.) Dr. Birendra Singh Tibettan Central University, (Eastern U.P.) Dr. U.R. Yadav Jhansi (Bundelkhand) Dr. V.B. Chaurasia DAV College, Dehradun, (Uttarakhand) UPUEA ECONOMIC JOURNAL A Biannual-Bilingual Refereed Journal of Economics Volume 11, Number 1 April 2018 ISSN 0975-2382 UPBIL/2008/26430 ARTICLES • Kirit S. Parikh • Economic Journey of India: Issues in the Making of a New India I.D. Gupta • Monetary Policy and Inflation in India: A Study of Recent Past Indranil Chowdhury • Assessment of Climate Induced Vulnerability in Bundelkhand Region, India: An Application of Indicator Based Approach Surendra Singh & Alka Singh • Measuring the Stance of Monetary Policy for India Gyanendra Pratap Singh • Microfinance Institutions in Contemporary Economic Scenario : A Study of Women Empowerment through SHGs with Special Reference to Uttar Pradesh Garima Singh & Anamika Choudhary • Do Fiscal Sustainability Measures Augment Growth Process in India? Swati Jain • Governance for Happiness P.K. Chaubey • Identity Crisis and National Register for Citizens in Assam Roli Misra & Shipra Srivastava • Jhjke vxzoky BOOK REVIEW • Patterns of Development I.D. Gupta • A World of Three Zeros Masroor Ahmad Beg Realizing Ambedkar’s Vision without Reservation in a World of Jobless Growth ,dkRe ekuorkokn&Hkkjrh; oSfnd thouewY;ksa dh vkèkqfud&laxr iquO;kZ[;k Dr. Indu Varshney D.S. PG College, Aligarh (Camp Office)