Economic Environment in India

Paper Code: 
25AAF414
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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: 

Course

Course Outcomes

Learning and

teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

25AAF414

 

 

 

 

 

 

 

 

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 knowledge about federal finance and working of finance commission in India.

CO144: Contribute effectively in course – specific interaction.

Approach in teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations

 

 

Learning activities   for the students: Self-

learning assig nments, Case Study Analysis, Presentations, Group Discussions

Continuous Assessment Test, Semester End Examinations, Quiz, Assignments, Class Presentations, Individual and group 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: