IEP (BCOM 3rd)

UNIT I

Structure of Indian Economy: Features & evaluation of capitalism and socialism. Nature of

Indian Economy, occupational distribution of labour force; Poverty and Income distribution

in India, Problems of unemployment and Rising prices. Parallel economy in India. Human

Resources: Demographic features of Indian population, size and growth of population and

economic development. Problem of over population, Population policy in India.

UNIT II

Economic Planning: Importance of planning for Economic development. Salient features of

India’s five years plans priorities-target achievements, failure, factors affecting successful

implementations of plans. Industries: Growth and problems of major industries-Iron and

Steel, Cotton Textiles, Cement, Sugar and Petroleum. Industrial policy. Cottage and small

scale industries; Public sector in India. Disinvestment and Divestment of public sector

undertakings in India. Current Industrial Policy.

UNIT III

Basic Issues in Agriculture: Role, nature and cropping pattern; Trends in agricultural

production and productivity; Factors determining productivity; Agricultural finance and

Agricultural price policy. Rural indebtedness. Techniques and Methods of irrigation in India.

Role of NABARD in rural development in India. Indian Public Finance: Indian Finance

System. Taxation structure, mobilization of resources for development, Taxation and fiscal

policy.

UNIT IV

External Sector: India's foreign trade- features, composition and direction; India's balance of

payments problem; Indian trade policy; foreign capital, foreign aid, multinational

corporations (MNCs); FERA and FEMA. Forex Market: Methods of measuring exchange

rate. Determinants of exchange rate. Currency depreciation and devaluation. Nature of Indian

forex market.