Indian Economy- I

                                                                                                     Syllabus 

5T4: Indian Economy – I

Unit I: Indian Economy & Planning

Economic Planning- Characteristics, Rationale, Features, Objectives of Economic Planning. Strategy of India’s Development Plans. Objectives and Evaluation of 11th Plan. Objectives of 12th Plan. Resources allocation and financing of five years plans.

Regional Planning in India- Aspects of regional planning, Conceptualization, Magnitude & Challenges. Achievements and shortcomings of India’s Economics Planning.

NITI Aayog-Aims, Objectives & Structure. From Economic Planning to NITI Aayog- Differences in the two Approaches.

Unit II: Indian Economy & Policy

Concept of Economic Growth & Economic Development. Characteristics of underdeveloped/ developing countries. Broad features of Indian economy.

Natural resources- Land, soil, water, forest, mineral.

Infrastructure- Sources of Energy in India. Power, Coal, Oil and Gas, Atomic, Non-conventional Sources, India’s Energy Strategy. Transport System in India- Railways, Road, Water & Air Transport.

Unit III: Population & Unemployment

India’s Population: Size and Growth Trends, Causes of Population Explosion, Consequences on Economic Development, Remedies, Population Policy.

Employment and Unemployment- Trends, Structure of Employment in India. Nature & Estimates of Unemployment.

Urban & Rural Unemployment- Causes, Effect, Government Policy for Removing Unemployment.

Unit IV: India’s Public Finance

Public Expenditure-Classification, Role of Public Expenditure in India, Causes of increase in Public Expenditure.

Public Revenue-Sources of Public Revenue in India.

Public Debt- Meaning, Concept, Classification, Role, Problem and Remedies. India’s Fiscal Deficit-Causes, Recent Policy Measures towards Controlling Fiscal Deficit.