Indian Economics in Global Scenario Notes refers to India’s position and role in the global economy, which has evolved significantly over the years. As one of the fastest-growing major economies, India plays an increasingly important part in global trade, investment and economic policy.
“Indian Economics in Global Scenario Notes“ The liberalization of India’s economy in the 1990s further integrated it with the global market, leading to increased Foreign direct investment (FDI), trade partnerships. It also provides valuable insights into resource utilization and cost-saving All notes provided by Study Hub Zone
Indian Economics in Global Scenario Notes: ALL UNITS
Unit 1: Introduction to Indian Economy
Introduction to Indian Economy refers to the study of the economic system and practices in India, one of the world’s largest and fastest-growing economies.
Unit 2: Economic Reforms and Liberalization
Economic Reforms and Liberalization in India refer to the series of policy changes and initiatives introduced in the early 1990s aimed at transforming India’s economy.
Unit 3: India’s Trade and Foreign Economic
India’s Trade and Foreign Economic Relations have undergone significant transformations in recent decades.
Unit 4: Indian Agriculture
Indian Agriculture plays a vital role in the country’s economy, employing a significant portion of the population and contributing to both rural development and food security.
Unit 5: India’s Economic
India’s economy is one of the largest and fastest-growing in the world, characterized by a diverse and dynamic structure.
Syllabus: Indian Economics in Global Scenario
UNIT – 1
(a) Overview of Indian Economy:
Basic features of the Indian economy
Structure – primary, secondary, and tertiary sectors
Demographic profile and trends
Challenges of poverty, unemployment, and inequality
(b) Economic Planning in India:
Objectives and achievements of economic planning
NITI Aayog – structure and functions
Five-Year Plans (overview and shift from Planning Commission to NITI Aayog)
UNIT – 2
Agriculture and Industrial Sectors:
Agriculture:
Role and importance in Indian economy
Problems and reforms – land reforms, Green Revolution, MSP
Industry:
Industrial policy – 1991 reforms
Make in India, MSMEs – importance, challenges, and support mechanisms
Public sector and disinvestment trends
UNIT – 3
Services Sector and Infrastructure Development:
Growth and contribution of service sector – banking, IT, tourism, retail
Infrastructure – transport, energy, communication
Government initiatives – Smart Cities Mission, Digital India, PM Gati Shakti
UNIT – 4
India in Global Economy:
Globalization and its impact on Indian economy
India’s foreign trade – trends in exports and imports
Balance of Payments (BoP) – concept and structure
FDI and FII – trends, benefits, and challenges
UNIT – 5
Recent Economic Policies and Challenges:
Major Economic Reforms:
Liberalization, Privatization, Globalization (LPG) model
Goods and Services Tax (GST) – features and impact
Demonetization – objectives and outcomes
Contemporary Issues:
Inflation, fiscal deficit, current account deficit
India’s position in global indices – Ease of Doing Business, Global Competitiveness Index, HDI