Introduction.Concept of Economic Environment; Nature and scope. Macro variables: Income, Employment, Money Supply, Price Level, Interest rates, Saving and Investment. Movement and Interrelationship between different variables. Trends in Macro variables in India
Institutional Framework of Economic Environment: Role of state; State Vs Markets. Fiscal Policy; Concept & Implications. Monetary Policy; Concept &Implications. Commercial Policy; Concept & Implications
Structure of Indian Economy: Growth Strategy in plans. Industrial Policy. Public sector & Private sector Monetary Policy. Fiscal Policy. Infrastructure Development.
Issues in Indian Economy: Poverty, Unemployment, Regional Dimensions, Productivity & Modernisation, Environment& Sustainable Development, Human Resource Development
Open Economy Management. Balance of payments.Role of Foreign Trade & Policy.Role of Foreign Capital & Policy.Exchange Rate Policy and Exchange Controls. External Debt; International Linkages: Globalisation: Concept, Implications, Policy. Regional Integration: EU, etc. World Trade Organization.World Bank, IMF, etc. Other Emerging Economies: China, Brazil,Russia. Global Orientation of Indian Economy: Growth and evolution of Indian MNC's, Current crises in US/Europe/Asia and its impact on economic growth of India. SAARC, ASEAN and India.
1. The Indian Economy; Problems and Prospects. Edited by BimalJalan, Penguin
2. V.K.Puri: Indian Economy, Himalya Publishing House