Indian Economy

UNIT-I

Nature and Structure of Indian Economy, Basic Features and Problems of Indian Economy. Concept of Economic Development, Difference between Economic Growth and Economic Development. Demographic Features of Indian Population. Hurdles Created by Population Explosion in India. Effects of Population Explosion. Problems of Poverty, Unemployment, Inflation, Income Inequality, Black Money in India.

UNIT-II

Sectoral composition of Indian Economy: - Issues in Agriculture Sector in India, Land Reforms Green Revolution and Agriculture Policies of India, Industrial Development, MSMEs and Cottage Industries, Industrial Policy, Public Sector in India.

UNIT-III

Nature and Features of Economic Planning, Objectives of Indian Planning. Planning Commission v/s NITI Aayog, Monetary Policy and Fiscal Policy in India, Centre State Finance Relations, Finance Commission in India. Liberalisation, Privatisation and Globalisation. Impact of Globalisation on Indian Economy.

UNIT-IV

India’s Foreign Trade- Value, Composition and Direction, Balance of Trade Vs. Balance of Payments. Disequilibrium in Balance of Payments. Export Promotion-Need for Export Promotion in India, Role of Government in Export Promotion. Obstacles in Export Promotion. Suggestions for Export Promotion. Import Substitution-Suggestions to Improve Import Substitution. WTO and India