Syllabus Economic Environment of India

Distance Education Syllabus

ECONOMIC ENVIRONMENT OF INDIA

Chapter 1. World Economic Development and Emergence of India as an Economic Power

·         National Income and GDP growth rate. Top ten economic powers of the world.

·         Top ten countries in terms of total GDP and top ten countries with high growth rate of GDP.

·         Human Development Index and Quality of Life

·         Factors promoting Growth – role of Political, Social, Economic and other Environmental Factors in Development.

·         FDI Inflows to India and other major countries

·         Emergence of India as a   Major Economic Power

Chapter 2. India’s Growth Strategy and the Role of Economic Planning

·         Objectives of Planning and  role of the Planning Commission

·         Strategies of growth in different Five Year Plans

·         Role of the Public Sector Enterprises

·         Growth from the First to Eleventh Five Year Plans

·         Planning Strategies in Tenth, Eleventh and Twelve Five Year Plans

·         Future Role of Planning in India.

Chapter 3.India Since Economic Liberalization, 1991        

·         Globalization, Liberalization and Privatization

·         Need for Economic Liberalization

·         Impact of Economic liberalization on Indian Economy

·         Rationale for Disinvestment and Privatization.

Chapter 4. Sectoral Growth Opportunities in India

·         Growth in the Agriculture Sector

·         Growth in the Industrial Sector

·         Growth in the Service Sector

Chapter 5. Monetary, Fiscal and Export-Import Policies

·         The Budgetary Process in the Federal Structure

·         The Central Budget and its importance in Economic Policies

·         Monetary Policy and the role of the Reserve Bank

·         The Fiscal Policy and the role of the Ministry of Finance

·         Deficit Financing-the Budgetary Deficit and Fiscal Deficit

·         Financing  of Development Programmes

·         Export-Import Policy

Chapter  6. The Financial System in India and Integration with the Global Economic System

·         The Banking Sector

·         The Insurance Sector

·         The Non-Banking Sector

·         The Stock- Market

·         Role of Foreign Companies in the Financial Sector.

Chapter 7. India and International Economic Institutions

·         Role of the International Monetary Fund (IMF)

·         Role of the World Bank (IBRD)

·         Role of the World Trade Organization (WTO)

·         Multilateral Trade and Regional Blocs

·         Role of the Transnational Corporations (MNCs)

Chapter 8. Public Finance in India

·         Three Tiers of governance in India

·         Devolution of Powers-the Panchayati Raj

·         Devolution of Financial Powers

·         Public Finance and Private Finance

·         Taxation Principles and Raising of Public Resources

·         Accountability of the Government and the role of the Comptroller & Auditor General.

Chapter 9. Public- Private Partnership (PPP)

·         Limitations of Government resources and capacity

·         Rationale of Government-Corporate Cooperation

·         The World Trend in PPP

·         A few successful PPPs