Indian Economy - II

Syllabus

6T4- INDIAN ECONOMY – II

Unit-I: Indian Agriculture

Nature, Role of Agriculture in Indian Economy. Cropping Pattern in India and its Determining Factors. Land Reforms. Cooperative Farming & Marketing. Green Revolution: Impact and Constraints. Cause & Remedies to Low Agricultural Production and Productivity. Agriculture Marketing-Problems & Remedies. Agricultural Labour – Problems & Remedies. Sources of Agriculture Finance. NABARD (National Bank for Agriculture and Rural Development). Financial Inclusion. Agricultural Price Policy – Objectives and Constituents. Agricultural Subsidies inIndia. Crop & Live Stock Insurance -Problems and Remedies.

Unit-II: Indian Industry

Industrial Policy 1991. Small Scale and Cottage Industries – Role, Performance, Problems and Remedies. Public Sector Industries – Role, Performance, Problems and Remedies. Privatisation of Public Sector Industries: Meaning, Methods of Privatisation Policy inIndia. Arguments in favor and against privatisation. Policy of Disinvestment. Industrial Sickness inIndia-Definition, Causes, Effects, Remedial Measures. Indian Trade Union Movement: Role, Functions, Strength and Weaknesses.

Unit-III: Indian Service Sector

Growth of Services Sector inIndia. Nature, Scope, Trends & Importance of Service Sector in Current Scenario. Share of Service Sector inIndia’s Employment Generation. Contribution of Service Sector toIndia’s GDP. Government’s reforms in various Services. IT & ITES Sector-Trend, Role & Importance. Challenges andOpportunityin IT & ITES Sector. Banking & Insurance Sector – Importance of Banking and Insurance Industry inIndia’s Service Sector, Challenges and Opportunities.

Unit-IV: India’s International Trade

Foreign Trade – Concept and Meaning, Advantages, Disadvantages, Composition and Direction of India’s Exports & Imports. Special Economic Zones- Concept, History, Benefits, Arguments against SEZS. Foreign Capital and Aid- Need, Role, Problems.India’s External Debt. Multinational Corporations(MNCs) – Role, Importance, Advantages and Disadvantages. Impact of MNCs on Indian Economy. Liberalisation, Privatisation, Globalisation(LPG) – Meaning, Role, Impact of LPG on Indian economy. World Trade Organisation (WTO) – Objectives, Working and Functions, WTO & India.