Economic Environment

Economic Environment Book For B.Com, B.B.A, M.Com and M.B.A Classes

• In the current era, the Indian economy is taking place as a global economy and facing so many challenges in worldwide perspective. The success of any economy totally depends upon the business environment, can be classified as economic environment and non- economic environment. The economic environment of the business consists of many factors such as monetary policy, fiscal policy, industrial policy, price and income equations, economic system, economic development, etc. The non-economic environment of business includes social, cultural, political, legal, technological factors, etc. The economic growth and economic development are considered as the measures for the nation’s overall growth.
• A study of the economic environment is essential to facilitate an understanding of the turbulent and dynamic environment which helps in effective decision-making by business managers. It also gives them an excellent grounding to take sensible business decisions. It is, therefore, imperative that students clearly understand the dynamics of the interrelationship of economic concepts that narrates for a rapidly changing business environment. This can be achieved only when students are presented with the concepts of economic environment, against the backdrop of the latest developments in India and the world. My attempts to accomplish this in the classroom have been well received by all my students.
• The present revised edition covers all the relevant topics related to the economic environment in details and it is useful for the students of B.Com., M. Com., B.B.A., M.B.A., and other professional courses. The Economic Environment Book consists of 35 chapters dealing in-depth about Indian Economic Environment in an easy and self-explanatory language with relevant diagram and tables.

Economic Environment Book Contents

Unit-I Indian Economic Environment

• Business and Business Environment
• Environmental Analysis or Scanning
• Economic Trends in India
• Indian Economic System
• Savings and Investments in India
• National Income of India
• Public and Private Sectors in India
• Industrial Development in India
• Balance of Payment
• Foreign Trade in India
• Money and Finance in India
• Pricing Trends and Inflation in India

UNIT-II Problems of Growth in India

• Unemployment in India
• Poverty in India
• Regional Imbalances
• Industrial Sickness
• Parallel Economy
• Social Injustice

UNIT-III Economic and Industrial Policy

• Monetary Policy of India
• Fiscal Policy of Indian
• Industrial Policy and Industrial Licensing
• Export-Import Policy of India
• Economic Reforms Privatisation and Disinvestment in India
• Foreign Investment and Collaborations in India
• Devaluation in India
• Demonetisation in India

UNIT-IV International Economic Environment

• International Trading Environment, World Trade, and Problems of Developing Countries
• Foreign Trade and Economic Development
• International Economic Groupings (ASEAN, SAARC, EU, EFTA, SAFTA, etc.)
• Multinational Corporations in India
• International Trade Agreements (GSP, GSTP and Counter Trade)
• International Financial and regulatory Institutions (IBRD, World Bank, IMF, WTO, GATT, and UNCTAD)
• Five Year Plans and Economic Development of India
• Niti Aayog
• Corporate Social Responsibility