Indian Economy Ebook

This Ebook is divided into four sections and 22 chapters.

Section A: Economic Concepts

1. What is Economics
   • Meaning of Economics
   • Branches of Economics (Micro and Macro)
2. Human Wants
   • Satisfaction of Wants
   • Characteristics of Wants
   • How Resources Satisfy Wants
   • Economic and Non-Economic Wants
   • Wants Expand and Change with Development
   • Indian Philosophy of Limiting Wants
3. Goods and Services
   • Goods
   • Services
   • Classification of Goods and Services
   • Role and Significance of Goods and Services in Economy
4. Basic Economic Activities
   • Production
   • Consumption
   • Capital Formation
   • Interrelation of Economic Activities
5. Types of Economies
   • Capitalist Economy
   • Socialist Economy
   • Mixed Economy
   • Developed and Developing Economies
6. Economic Growth and Development
   • Determinants of Economic Development
   • Difference Between Economic Development and Economic Growth
7. Central Problems of Economy
   • Allocation of Resources
   • Utilisation of Resources
   • Growth of Resources

Section B: Money and Banking

8. Barter System and Money
   • Barter System
   • Demerits of Barter System
   • Money
   • Types of Money
9. Functions of Money
   • Medium of Exchange
   • Measure of Value
   • Store of Value
   • Making Payments in Future
10. Monetary Policy
    • Open Market Operations
    • Bank Rate Policy
    • Varying Reserve Requirements (CRR, SLR)
    • Sterilisation by RBI
11. Banking System
    • Functions of Bank
    • Credit Creation
    • Types of Banks in India
12. Saving
    • How Saving is Useful
    • Where Savings are Kept
    • Uses of Saving
    • Interest as Return on Saving
13. Insurance
    • Why Insurance is Required
    • Definition of Insurance
    • Insurance Products

Section C: Government Budget and National Income

14. Government Budget
    • Components of Government Budget
    • Revenue Account
    • Capital Account
15. Budget Deficit and Fiscal Policy
    • Budget Deficit
    • Fiscal Policy
    • Objectives of Budget and Budgetary Policy
16. Concept of Income
    • Factor Incomes
    • Non-Factor Incomes
    • Circular Flow of Income
    • Money Flow
17. National Income
    • Gross Domestic Product (GDP)
    • Gross National Product (GNP)
    • National Income
    • Real GDP and Nominal GDP

Section D: Indian Economy

18. Features of Indian Economy
    • Low Per-capita Income
    • Heavy Population Pressure
    • Dependence on Agriculture
    • Poverty and Inequality
    • Higher Rate of Capital Formation or Investment
    • Planned Economy
19. Sectoral Aspects of Indian Economy
    • Primary Sector
    • Secondary Sector
    • Tertiary Sector
    • Role and Importance of Primary Sector
    • Role and Importance of Secondary Sector
    • Role and Importance of Services Sector
20. Indian Economy after Independence
    • Indian Economy at Independence
    • Economic Ideology after Independence
    • Economic Planning in India
    • Agriculture
    • Industry and Trade
    • Effect of Policies on Industrial Development
21. Economic Liberalisation of 1991
    • Background
    • Liberalisation
    • Privatisation
    • Globalisation
22. Challenges of Indian Economy
    • Problem of Unemployment
    • Problem of Poverty
    • Problem of Inequality