Raj Kapila is Director, Academic Foundation. Earlier, he has been with Planning Commission, Government of India; Ministry of Commerce and Industry; Industrial economist to Government of Punjab; Secretary, the Vanaspati Manufacturers Association of India; and Advisor, Hindustan Vegetable Oil Corporation. He has written extensively and has authored and edited several books. Uma Kapila, author/editor of several books on Indian economy, retired as Reader, Department of Economics, Miranda House, University of Delhi, India. She has taught Indian economy to undergraduate students for more than 42 years and is the author of the widely-read book Indian Economy since Independence, currently into its 25th edition. Presently, she is Senior Editor, Academic Foundation.