Code: 2.4                                                                                              

           Contact Hours: 50 hrs                                           Work load: 4hrs per week

Pedagogy: Lecturers, Assignments, Projects, Practical Exercises and Seminars.


Objective: To create awareness about the problems of Indian economy.


Module – I

           Business    Society     and    Government:    Linking    and    Independence     Social

Responsibilities of Business.

                                                                                                                                    (4 hrs)

Module – II

Indian Economy: Meaning, Characteristics of Indian Economy, Causes of backwardness of the Indian economy, Objective of Indian planning.

                                                                                                                                   (6 hrs)

Module- III

Industrial Policy: Present Industrial Policy in India; Privatization: Nature and Objectives, Privatization Routes, Rangarajan Committee on Privatization.

Labour in different sector: Extent of labour, Change in Labour force, Trade Union Movement.

Industrial dispute, Dispute settlement missionaries, Wage Policy Security in India. Industrial Sickness: Definition of a sick unit, Extent of Sickness, Causes for Sickness, Signals of Sickness, effect & Remedies, Goswami Committee on Sickness.

                                                                                                                                 (15 hrs)

Module – III

Physical Environment: Environment & Effect – NGO’s in action – State & Country Pollution Control Board & Environmental Cleanliness. Major current issue.

                                                                                                                                   (8 hrs)

Module - IV

Public Finance: Sources of Revenue of Central Government, Heads of Expenditure of the central Government. Union Budget

                                                                                                                                  (14 hrs)


India, WTO and the Trade Blocks

Role of GATT, WTO structure & Functions, its implication for India Conflicting interest of developing and developed countries.

Reference Books:

  1. Indian economy by Rudradutt & KPM Sundaram
  2. Business Environment by Ashwatappa, - Himalaya publishing House
  3. Business Environment by Cherunilam
  4. Indian Economy by Iashwar dhingru