Economics-III (Indian Economics)

Unit 1 — Issues of Development

Development: meaning & concepts, sustainable development, · Poverty, unemployment, and inequality -problems and policies · Agriculture features, pricing policies, new developments

• Salient features of Indian Economy and Structural changes
• Causes of Low Agricultural Productivity and Government measures to improve its productivity
• Poverty — Poverty Line, Causes and its alleviation strategies

Unit 2 — Major Aspects of the Indian Economy

Labor- Features of industrial labor, industrial disputes and their settlement mechanisms, social security measures · Money Market, Capital market & SEBI · Growth of Services Sector

• Indian Money Market — Features and recent trends
• Indian Capital Market — Features and Growth

Unit 3 — New wave of Globalization

Economic Reforms & LPG · WTO & globalization of the economy · Foreign trade, foreign capital & convertibility of rupee

• New Industrial Policy,1991
• Structural changes in India's foreign trade since 1991
• Balance of Payments — Structure and Disequilibrium
• WTO, SAARC, BRICS

Unit 4 — Emerging Issues

Black Money, Human Development · Small Scale Industries, their structure, growth, role & problems · Emerging Trends in India’s Business Environment

• Micro, Small and Medium Enterprises (MSMEs) — Problems and Policies

Unit 5 — Entrepreneurship

Factors affecting growth in business, case study analysis. · Government policies for fostering entrepreneurship Start Up India, Skill India, Make in India & · Atmanirbhar Bharat Abhiyan · Ease of Doing Business in India