Economics-II (Indian Economy)
Jamia Millia Islamia · LL.B. Semester 2
Unit I — INTRODUCTION TO INDIAN ECONOMY
Basic Features of Indian Economy: Importance of Social Sector-Health, Education and Infrastructure-India’s National Resources (Human and Natural) and their Role in Economic Development. · Poverty: Types, Extent, Causes and Unemployment · Poverty Alleviation and Employment Generating Programmes and their Impacts
Unit II — INDIA’S AGRICULTURE & ECONOMIC DEVELOPMENT
Basic Characteristic & Problems of Agricultural Economy: Trends in the Growth of Agricultural Production. · Indian Agricultural Policy and Agricultural Price in India. · Land Reforms: Agriculture Labour-Agriculture Finance-Green Revolution.
Unit III — INDUSTRIAL DEVELOPMENT
Industrial Development and Economic Growth: Trends in Industrial Production-Large Scale and Small-Scale Industry-Industrial Policy of 1948, 1956, 1980 and 1991. · Industrial Finance and Industrial Relations. · Concentration of Economic Power: Multi-National and Trans-Nationalization of Indian Business.
Unit IV — TRADE & FINANCE
Trade Composition & Direction: Balance of Trade and Balance of Payments Problems-Export & Import Policy · Finance Commission in India: Major Issues in Fiscal Policy-Problems of Fiscal Deficit. · Problems of External and Internal Debts-Size & Its Implications.
Unit V — INDIAN ECONOMY IN GLOBAL ORDER
Economic Reforms since 1990s · MNCs and IFMs · WTO and Indian Economy: IPRs, TRIPs, TRIMs.