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Public Economics in India: Theory and Practice offers a comprehensive look at the evolving field of Public Economics, which now extends well beyond traditional Public Finance. The book explores key issues such as resource allocation, income distribution, and the balance between public and private sectors. It also highlights the growing importance of addressing externalities, promoting social justice, and ensuring economic stability—critical roles of government in today's world. This second, revised edition includes updated chapters and introduces new topics that address current challenges. These include welfare criteria for public goods, the Goods and Services Tax (GST), the Direct Taxes Code (DTC), and the impact of the 2008–09 global financial crisis on India's fiscal policies. The book also looks at India's fiscal responses, stimulus packages, and their effects on economic recovery and stability. This book offers a comprehensive analysis of fiscal institutions, covering taxation, public expenditure, public debt, fiscal policy, and federalism. It explores the government's role in economic planning, with a focus on India's fiscal challenges, including the 1991 crisis and subsequent reforms. Ideal for postgraduate students of Public Economics, it is also a valuable resource for policymakers, researchers, and anyone interested in the interplay between government finance, economic policy, and development.