Indian Economy

Indian Economy For B. Com. Semester VI of Lucknow University, Lucknow

India is an evolving superpower with a vibrant economic structure. It has now emerged as one of the fastest-growing economies in the world and India’s GDP is expected to reach US$ 5 trillion by F.Y. 2025. As per IMF’s World Economic Outlook -October issue—2019 ‘India became the world’s fifth-largest economy in the world. The country’s GDP growth has been among the highest in the world in the past decade -continuously attaining annual growth between 6-7%’. Since the introduction of First-generation reforms in the year 1991 Indian economy has been experiencing several waves of structural changes therefore it is undergoing a paradigm shift. It becomes imperative on the part of various undergraduate courses-curriculum to give economic orientation to the students in such a manner that they have a fair understanding of all the significant economic phenomenon and indicators.

It is a great pleasure to write a book on the Indian Economy covering all the aspects that are very much required to understand the economic system. This book has been written with the primary focus on students of Undergraduate Commerce courses, but it is relevant to all readers who want to understand the economic development of our great country.

This book not only deals with the subject-matter in a very lucid manner but also carries the topics in the conceptual framework as well. To make the
subject interesting and easy to understand, some specific technical terms are defined in simple language and they are presented in the box separately.

The entire book is based on very updated data and statistics gathered from different sources including Economic Survey 2019-20, reports of World Bank along with similar kinds of institutions and publications of concerned Ministries of Government of India.

The authors have adopted a verbal style with extensive use of Graphs, tables, and models which make the book really useful for the readers to understand and update their knowledge. The book provides wide coverage of important topics like—nature and structure of the Indian economy, Five-year plans, Indian agriculture sector, Infrastructure sector, unemployment, Indian industrial sector including Small Scale Industries and MSMEs, Population of India, and other relevant topics.

A very systematic analysis of various data, discussion on recent developments is another key feature of the book. Question-Bank comprised of both long and short type questions has been given to guide the students about the question pattern on the subject.

Indian Economy For B. Com. Semester VI of Lucknow University, Lucknow

UNIT I: Concept and Features of Developing and Developed economy, Nature and structure of Indian Economy, Characteristics and problems of Indian Economy, Planning in India: Five-year plans—Achievements and failures, NITI Aayog.

Unit II: Indian Agriculture—Its features and problems. Agricultural development in the planned era. the green revolution, Agricultural marketing. The problem of unemployment, Forms of Unemployment, Employment Generation, and Poverty Alleviation Programmes in India.

Unit III: Indian Industry: Large scale, small scale, and cottage industries, MSME, MUDRA Scheme Industrial development during five-year plans, industrial policy—Make in India, Industrial Sickness, Industrial finance: Sources and Institutions.

Unit IV: Infrastructure in the Indian Economy, Energy Sector: Source, Energy crisis, and measures to tackle. Population growth and Populationexplosion, Population Policy, and programs.

Indian Economy Book Contents

1. Concept and Features of Developing and Developed Economy
2. Nature and Structure of Indian Economy
3. Planning In India
4. Indian Agriculture: Features and Problems
5. Agriculture In Planned Era
6. Agricultural Marketing
7. Problems of Unemployment in India
8. Employment Generation and Poverty Alleviation Programmes in India
9. Industry Sector in India
10. Major Large Scale Industries
11. Small Scale and Cottage Industries
12. Industrial Policy and Make in India and MSMEs
13. Industrial Sickness in India
14. Industrial Finance: Sources and Institution
15. Infrastructure in the Indian Economy
16. Energy Sector of India
17. Population Growth and Population Explosion
18. Population Policy and Programmes