Indian Economy-II

CEC via Swayam

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Provider

Swayam
Pricing

Free Online Course
Languages

English
Certificate

Paid Certificate Available
Sessions

7th Jul, 2024

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Overview

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The course titled "Indian Economy-II" delves into sector-specific policies and their effects on pivotal economic indicators across India. It examines economic development, policy frameworks, growth dynamics, and resource mobilization.This course is designed for undergraduate students pursuing degrees in commerce, management, arts, science, and other social sciences.The course aims to educate students about various aspects of the Indian economy, including Macroeconomic Policies, the External Sector, Economic Planning, Agricultural Performance and Policy, Industrial Development, the Service Sector, Financial Markets, Public Finance, and the Management of the Indian Transport System. It also covers Economic Reforms and pressing issues such as inflation, unemployment, poverty, and environmental challenges. The course is structured to foster critical thinking and analytical skills, enhancing students' employability and entrepreneurial capabilities.Students will gain a thorough understanding of economic growth and development, resource utilization, and economic planning. The curriculum covers poverty alleviation strategies, human development, unemployment, agricultural finance management, infrastructural advances in industry, reforms in banking and financial institutions, service sector advancements, and foreign trade. Additionally, it emphasizes entrepreneurship and the opportunities it presents.By analyzing issues related to economic growth and development, students will be prepared to apply these concepts within professional settings, enhancing their understanding of the financial market and public finance sectors.Moreover, the course offers insights into entrepreneurship, enabling students to leverage resources, ideas, and facilities to initiate their own ventures and contribute to economic growth. Thus, this course equips students with the necessary knowledge of various sectors of the Indian Economy and a conceptual understanding of government policies and programs, making it highly relevant to their academic and professional growth.

Syllabus

Week

Items

Title of Video and Academic Script

First Week

Macroeconomic Policies and Their Impact

Fiscal Policy of India-Components, Types, Benefits, Fiscal Deficit, Fiscal Consolidation, FRBM & Case Studies.

Foreign Trade Policy of India - Initiatives, Advantages, Foreign Trade Policy 2015-2020, Highlights of the Trade Policy 2022-27, Recent Developments in Foreign Trade Policy & Case Study.

Monetary Policies of India- Framework, Objectives, Process, Tools, Transmission of the Policy, Role of the Policy in the Development of the Economy & Case Study.

Labour Regulation of India- Laws relating to Industrial Relations and Wages, Social Security, Working Conditions, Equality, Empowerment of Women, Prohibitive Labour Laws, Apprentice Training, Regulations of Employment, Labour Laws 2022 & Case Study.

Second Week

External Sector in India

Foreign Trade of India- International Trade, Interregional Trade, Balance of Payment, Measures for correcting the Balance of Payments, Importance, Challenges, Trends in Exports, Imports and Government Measures to improve Foreign Trade in India.

Export Promotion- Need, Role of Government, Challenges, Import-Substitution & Export Incentive Schemes in India.

Counter Trade in India- Types, Importance, Benefits, India’s Status in Counter Trade & Future of India’s Countertrade.

World Trade Organization- Objectives Features, Functions, Structure, Benefits of World Trade Organisation to the Countries & World Trade Organisation Agreements.

Third Week

Financial Markets in India

Commercial Banking in India- Functions, Types, Difference Between Commercial and Retail Banking & Role of Commercial Banking in the Development of the Economy.

Reserve Bank of India (RBI)- History, Overview, Objective, Structure, Functions & RBI’s role in the development of the Economy.

Reforms In the Financial Sector-Narasimha Committee’s Financial Reforms, Principles of Reform, Reforms to the Financial Sector, Current Reforms, Future of the Financial Sector & Case Studies.

Development Banking-Historical Background, Features, Objectives, Functions, Types, & Need for Development Banks in the Current Scenario.

Fourth Week

Indian Public Finance

Growth And Composition of Public Finance- Objectives, Types, Components, Functions, Comparison Between Public Finance and Private Finance & Importance of Public Finance.

Tax Revenue of Central and State Governments- Types, Components, of Tax and Non-Tax Revenues, Importance of Taxation in the Development of the Economy & Recent Developments in the Tax Revenue from Both the Governments.

Concept Of VAT- Need, Importance, Process, Collection, Differences Between Sales Tax and VAT Rates, Advantages & Disadvantages of VAT.

Revenue, Budget, Fiscal, Primary Deficits, Purpose, Effects Types, Advantages and Disadvantages of Deficit Financing- Revenue, Budget, Fiscal, Primary Deficits, Purpose, Effects Types, Advantages & Disadvantages of Deficit Financing.

Fifth Week

Policies Performance and AgricultureFinance in India

Role Of Agriculture in the Indian Economy- Significance, Recent Contribution of Agriculture, Characteristics, Challenges of Indian Agriculture, Government Initiatives & Case Studies.

Agrarian Structure and Technology- Agrarian Structure of India, Micro, Small Medium Enterprise Schemes for Agriculture, Technologies used in India, Subsidies provided by the Government for Purchasing Modern Machinery, Recent Technology Innovations in Agriculture, & Case Study.

Trade Pricing and Procurement. Procurement Policy, Agriculture Marketing and Warehousing, Agriculture and Food Processing Industries, Loans for Food Parks and Food Processing Units, Credit Facilities to Marketing Federations, Government Schemes or Initiatives & Case Study.

Agriculture Finance- History, Institutional Sources of Agricultural Finance in India, Mechanisms of Agriculture, Credit in India, Issues with India’s Low Spending on Agriculture & Future of Agriculture Finance.

Sixth Week

Industrial Development

Micro, Small Medium Enterprises in India - Market Size Statutory Bodies, Features, Micro, Small, and Medium Enterprises, Role in the Indian Economy, Government Schemes, Recent Developments & Case Study.

Public Sector/ Private Sector- Importance, Types of Public Sector Undertakings, Categories of Public Sector Undertakings in India and its Reform, Role of the Public and Private Sector in the Development of the Economy, Limitations of the Public and Private Sectors, Difference between Private Sector and Public Sector Enterprises & Case Studies.

Special Economic Zones (SEZ)- Special Economic Zone Act 2005, Approval Mechanism and Administrative Special Economic Zone, Incentives, Challenges, Expectations from the New Special Economic Zone Law & Case Study.

Entrepreneurial Sector- Entrepreneurship Evolution, Transformation, Importance of Entrepreneurship to the Economy of India, Need for Entrepreneurship for Economic Growth, Schemes for Entrepreneurs & Case Studies.

Seventh Week

Service Sector in India

Overview of the Service Sector- Market Size, Sector-Based on the Activity Nature, Work Condition, Assets Ownership & Reasons for the Shift from the Primary Sector to the Service Sector.

Growth & Contribution of the Service Sector to Gross Domestic Product-Contribution of Primary Service Sectors Secondary Service Sectors, Tertiary, Quaternary Service Sectors, Recent Developments, Government Initiatives, Future of the Service Sector & Case Study.

Composition & Relative Importance of the Service Sector- Impact of Covid:19 and Sequential Recovery, Trends in High-Frequency Indicators, Foreign Direct Investment Inflows into the Services Sector, Trade in the Services Sector, Importance of the Services Sector to India’s Economy & Case Study.

Factors & Challenges in the Service Sector- Factors, Challenges, Suggestions, Government Initiatives & Role of the Service Sector in the Modern Development of India.

Eighth Week

Transport Services

Road Transport- Importance, Classification, Challenges, Government Initiatives towards Road Infrastructure & Recent Developments.

Rail Transport- Importance, Challenges, Investment in Indian Railway, Government Initiatives & Future of Indian Railways.

Air Transport- Importance, Challenges, Key Investments and Developments, Government Initiatives & Future of the Air Transport.

Water Transport- Types, Major Ports Authorities Bill 2020, Advantages, Disadvantages, Government Initiatives, Legislation, Future of Water Transport & Case Study.

Ninth Week

National Income of India

And Inflation

Concept of National Income & Methods of Measuring National Income -Types of Income, Basic Economic Activities. Circular Flow of Income, Measuring of National Income by Value-Added Method, Income Method, Final Expenditure Method, National Products & Other Aggregates.

Causes of Inequality in Income, Issues, Measures to Overcome the Computation of National Income & Government Initiatives to Reduce Inequality)- Causes, Issues faced in the Computation of the Income Method, Product Method, Expenditure Method, Measures & Government Initiatives to Reduce Inequality.

Causes, Theories of Inflation & Anti-Inflationary Policies-Causes, Classical Theory of Inflation, Keynesian Theory of Inflation, Monetarist Theory of Inflation & Anti-Inflationary Policies of Inflation.

Inflation Accounting and Measures to Control Inflation-Objectives, Merits, Limitations, Monetary, Fiscal Measures Administrative Measures & Adoption of Policies by the Countries to Combat Inflation.

Tenth Week

Unemployment and Poverty in India

Nature, Types, Approaches, Remedial Measures & Causes of Unemployment- Nature and Approaches, Problems Types, Causes, Government Initiatives to Control Unemployment, & Case Study.

Skill Development Programmes- Short-Term, Long-Term, Apprenticeship, Entrepreneurship Training Schemes & Other Schemes.

Nature, Causes of Poverty, Poverty Line & Estimates- Types, Causes, Poverty Line and Estimation, Measures, Agenda- 2030 & Case Study.

Major Poverty Alleviation Schemes- Measuring of Below Poverty Line, Poverty Alleviation in India Five-Year Plans, Poverty Alleviation Schemes, Actions Required to Address the Issues Related to The Poverty & Role of Public Distribution System in the Poverty Alleviation Schemes.

Eleventh Week

Environmental Degradation

Meaning Of Environment and Causes for Environmental Degradation- Meaning of Environment, Functions, Population Effects on the Growth of the Environment, Causes, Effects of Environmental Degradation, Suggestions for Environmental Degradation & Case Studies.

Forest Resources- Importance, Major and Minor Forest Products, Uses of Forests, Problems of Indian Forestry & Various Forest Conservation Measures

Water Management- Types, Uses of Water Resources, Water Pollution Control Measures, Effects of Water Pollution, & Government Measures to Prevent Water Pollution

Environment Policies- Wildlife (Protection) Act, 1972, Water Prevention & Control of Pollution Act, 1974, Environment Protection Act, 1986, Scheduled Tribes &Traditional Forest Dwellers Recognition of Forest Rights Act, 2006, & the National Green Tribunal Act, 2010.

Twelfth

Week

Economic Reforms

Globalization- Meaning, Characteristics, Forms, Factors Effects & Impact of Globalization on the Indian Economy

Resource Mobilization- Types, Need, Role of Fiscal Policy in Resource Mobilization, Issues & Steps to Address Issues of Resource Mobilization.

Macroeconomic Stabilization and Structural Reforms-Variables to Measure the Macroeconomic Stabilization, Reforms taken by the Government of India for Macroeconomic Stability in the Country, Economic Reforms of 1991, Current State of the Economy & Recent Developments.

Role of Multinational Corporations in Foreign Investments-Introduction, Advantages, Disadvantages, Methods of Foreign Investment by Multinational Companies. Role, Critique of Multinational Corporations & Case Study.

Thirteenth Week

Economic Planning in India

Nature, Process, Types & Objectives of Economic Planning of India- History, Process, Importance, Types, Objectives & Significance of Economic Planning.

Tenth Five Year Plan (2002-2007), Eleventh Five Year Plan (2007-2012), Twelfth Five Year Plan (2012-2017) & Niti Aayog)- Objectives of the Tenth, Eleventh & Twelfth Five-Year Plan, Economic-Wide Measures taken in the Tenth Five-Year Plan, Objectives, Features, & Composition of Niti Aayog, Achievements, Documents, & Three-Year Action Agenda of Niti Aayog, Key Initiatives of the Niti Aayog & Changes in the Planning of India.