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This book contains the papers slated for presentation at the Development Convention 2008 being organized by Institute of Public Enterprise (IPE), Osmania University Campus, Hyderabad during 20-22 February, 2008. Besides discussing the content, direction, distinguishing features, new thrusts, comparative aspects, high points and imbalances, the papers throw light on the paradoxes and dilemmas of development. The papers discuss the outcomes of growth and development and suggest the initiatives that could bridge the gap between the two. The papers present a panoramic view of the development effort in India and the factors inhibiting the rate of growth. The papers discuss both the past and the present of development and also its future shape. The papers lay an especial emphasis on issues such as financial inclusion, equity and removal of regional imbalances. The papers highlight current aspects dominating development such as regulation of banking and financial sector, infrastructure development and social equity.