Economic Environment in India

Paper Code: 
24AAF414
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

This course will enable the students to acquire knowledge about India's economy, including its basic features, development challenges, and its place in the global economy. It covers topics like economic planning, policies, unemployment, agriculture, public finance, and how the government manages money across different levels.

Course Outcomes (COs):

Course

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

24AAF414

 

 

 

 

 

 

 

 

 

Economic Environment in India

(Theory)

CO139: Explain the features of the Indian economy and identify the major causes of under development of Indian Economy.

CO140: Evaluate the current trends in economic planning of India and critically examine the role of NITI AYOG in economic development

CO141: Develop knowledge regarding population and unemployment in the economy, and measures to curb them.

CO142: Assess the significance of agriculture economics and the role of agriculture finance in Economic development.

CO143: Explain the meaning and components of public finance gather relevant theoretical and practical knowledge about federal finance and working of finance commission in India.

CO144: Contribute effectively in course – specific interaction.

Approach In Teaching: Interactive Lectures, Discussion, Tutorials, assignments.

 

Learning activities for the students:

Assignment, presentations, group discussions

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual projects

 

9.00
Unit I: 
Indian Economy:

• Indian Economy: Basic Features of Indian Economy, Causes of underdevelopment of Indian Economy, India as Mixed Economy, India’s Position in World Economy.

9.00
Unit II: 
Economic Planning and Economic Policies:

• Economic Planning: Meaning & Significance, Objectives, Techniques, limitations.
• NITI AYOG
• Economic Policies : Meaning and Objectives
• Overview Economic Policies : Agriculture policy , Industrial Policy, Monetary Policy, Commercial Policy, Fiscal Policy , Wage policy , Trade policy.

9.00
Unit III: 
Indian Economic Problems:

• Unemployment: Meaning and Types, Causes and remedies to remove unemployment.
• Population: Meaning, Causes of Population explosion in India, main features of recent census.

9.00
Unit IV: 
Agricultural Economics and Finance:

• Agricultural Economics: Significance of Agriculture in economy.
• Agricultural Finance: Institutional and non Institutional , Kisan credit card
• Infrastructure development in Agriculture.

9.00
Unit V: 
Public Finance and Fiscal Federalism:

• Public Finance: Meaning and Scope, Components, Effect of public expenditure on Economy
• Fiscal Federalism: Centre state finance relation, Finance commission

Essential Readings: 

1. Swami &Gupta ,“Economic Environment in India” ,RBD,Jaipur
2. Sundaram&Dutt, “Indian Economy” ,S Chand & Sons, New Delhi
3. N.D Mathur: Economic Environment in INDIA, Shivam book house(P)ltd , Jaipur
4. A N Agarwal , “Indian Economy”, New India International Ltd, Chennai
5. H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi

References: 

1. Mathur, Mishra, Vyas – “Economic Environment in India”, RBSA Publication, Jaipur
2. Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi
3. M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra.

E- Content:
1. National Digital Library
2. World Ebook Library
3. https://courses.lumenlearning.com/boundless-economics/
4. https://censusindia.gov.in/
5. https://fincomindia.nic.in/
6. http://www.niti.gov.in/
7. https://finmin.nic.in/

Reference Journals:
1. FIIB Business Review- http:// sagepub.com
2. Vikalpa : http:// sagepub.com
3. Directory of Open Access Journals
4. CBGA India - Centre for Budget and Governance Accountability

Academic Year: 
2024-2025
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