| Lecture 01 + 02 |
Basic Economy Introduction |
- Economics- Meaning
- Microeconomics
- Macroeconomics
- Indian economy and issues
- Indian Economy in Pre-independence Period
- Economy on Eve of Independence
- Challenges, Features, Industry, Services
- Phases of Economic Development in India
- Nehruvian Socialist Economy
- Economic Reforms
- Planning & Objectives
- Analysis of Plans
- NITI Aayog
- Industrial Policy reforms
- Liberalization
- Privatization
- Globalization
- Benefits of LPG
- Production Possibility Frontier
- Opportunity cost
- Indifference/ Engel/ Kuznets curve
- Mixed economic system
- Sector of economy
- Theory of consumer behavior
- Types of goods
- Circular flow model
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| Lecture 03 |
National Income concept and Methods of calculation |
- National Income
- Measure of National Income
- Methods to measure National Income
- Growth & development: GDP/ GNP/ NDP/ NNP
- Personal Income “Economic Growth
- versus Economic Development
- Measures of Economic Development
- Rise in real per capita income
- Real gross national product
- Human development index
- Gender-related development index
- Poverty index “Economic and Social Development in India: Millennium Development Goals"
- Sustainable Development Goals and India
- Employment
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| Lecture 04 |
Resource Mobilization |
- Types of resources: Physical capital and finance capital
- Need for resource mobilization- Police
- State and Democratic Welfare State
- Sources of resource mobilization: Public Sector and Private Sector
- Savings and investment over the fiveyear plan
- Budgetary resources: Tax and Non-tax
- Role of Public Debt in resource mobilization and effects: Market borrowing, loans, grants, etc.
- Role of fiscal and monetary policies in resource
- Role of foreign investment in resource mobilization, desirability and consequences
- Multilateral agencies and resource mobilization
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| Lecture 05 + 06 |
Inclusive growth and issues |
- Meaning and concept of Inclusion
- India’s experience
- Social sector initiatives and inclusion process
- Ground reality and working of flagship schemes
- India’s growth story in this context
- Rural economy-based growth
- Need of Sustainable agriculture, food security and resilience for growth.
- Public distribution schemes: Way to inclusive growth.
- Financial inclusion as an instrument of inclusive growth.
- Poverty Alleviation and Employment
- Generation as a strategy for inclusive growth
- Social sector development as an instrument for inclusive growth.
- Public private partnership for inclusive growth
- Industrial Integration for inclusive growth
- Sectoral and regional diversification as a tool for inclusive growth.
- Governmental Schemes and Policies for Inclusive Growth
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| Lecture 07 |
Government Budgeting |
- Budget, Economic Survey
- Budget terminology
- Types of budgets
- Features of outcome budgeting
- Merger of Railway and General Budget
- Benefits of budgeting
- Flaws in budgeting process
- Budget analysis
- Subsidy
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| Lecture 08 |
Investment models |
- Need for Investment
- Sources of Investment
- Measures of Investment
- Capital and investment
- Factors affecting investment
- Classification of Investment
- Types of Investment Models
- Investment Models Followed by India
- Domestic Investment Models
- Public Investment Model
- Private Investment Model
- Public Private Participation
- Investment Model
- Foreign Investment Models (FDI, FII, etc.)
- Role of State
- PPP (Public-Private Partnership)
- Savings and Investment Trends
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| Lecture 09 |
Fiscal Policy + Inflation |
- Fiscal Policy in India
- Important Budgetary Terms and Fiscal Concept
- Government Revenues & Spending
- Deficits and its financing: Revenue Deficit/ Fiscal Deficit/ Primary Deficit
- Balance Sheet
- Inflation
- Inflation targeting in India
- Methods to control inflation
- Inflation-indexed bonds
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| Lecture 10 |
Taxation |
- Meaning
- Principles and Objectives of Taxation
- Taxation for Mobilization of Resources
- Tax System in India
- Current Taxation Policy of India
- Subsidies
- Tax Reforms
- GST and its progress
- Retrospective Taxation in India
- Important committees/ commissions
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| Lecture 11 |
Monetary policy in India |
- Instruments of Monetary Policy
- Monetary policy in pre-reform Era (1948 – 1991)
- Monetary Policy in Post-Reform Era (Since – 1991)
- Urjit Patel Committee Report
- Monetary Policy Committee and Inflation Targeting
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| Lecture 12 + 13 |
Financial System |
- Indian Financial System – An Overview
- Components of the Indian Financial System: Financial Institutions/ Banking Institutions or Depository Institutions/ Non-Banking Institutions or Non- Depository Institutions/ Others: (Regulatory, Intermediates, Non-Intermediates)
- Financial Assets (Call Money, Notice Money, Term Money, Treasury Bills, Certificate of Deposits, Commercial Paper)
- Financial Services (Banking Services, Insurance Services, Investment Services, Foreign Exchange Services)
- Financial Markets (Capital Market, Money Markey, Foreign exchange Market, Credit Market) Indian financial market and Pandemic
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| Lecture 14 + 15 |
Banking |
- Banking in India: Definition, Structure and Functions
- Origin of Banking system
- Type of Banks in India: Central Bank (Reserve Bank of India)/ Cooperative Banks/ Commercial Banks
- Public Sector Banks (State Bank of India)
- Private Sector Bank (HDFC Bank)
- Foreign Banks (CITI Bank): Regional Rural Banks/ Local Area Banks/ Specialized Banks (SIDBI Bank, NABARD)/ Small Finance Banks (AU Small Finance Bank)/ Payments Banks
- Nationalization of Banks in India
- Banking Sector Reforms in India: Narasimhan Committee 1&2, Nachiket Mor Committee, P J Nayak Committee
- Development Finance Institutions: IFCI, ICICI, SIDBI, IDBI, UTI, LIC, GIC
- Non-Banking Financial Company (NBFC)
- Financial Inclusion in India: Need and future; PMJDY; Payment Banks and Small Banks
- NPAs
- Bills related to Banking
- NEO BANK
- The emerging concept of Bad Banks
- Insurance sector of India
- Bank privatization
- Account Aggregator System
- Domestic systemically important banks (D-SIBs)
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| Lecture 16 |
Insurance sector |
- Introduction
- Insurance sector in India
- IRDAI
- AICIL
- Deposit insurance and credit guarantee corporation
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| Lecture 17 + 18 + 19 |
Foreign Trade + Foreign Exchange + International Organizations |
- International Trade
- Trade Policy
- India’s Balance of Payments: “ Current Account “ Goods and Services Account
- India’s BOP Performance: “ Balance of Payment versus Balance of Trade
- Current Account versus Capital Account
- Foreign Capital
- Impact of Globalization on Indian Economy
- FDI and FPI in India, External Commercial Borrowings
- Foreign Exchange Rate Determination in India
- Types of Exchange Rate
- Capital and Current Account
- Convertibility in India
- Factors influencing Exchange Rates
- Types of Foreign Exchange Rate Systems
- Nominal Effective Exchange Rate (NEER)
- Real Effective Exchange Rate (REER)
- Purchasing power parity (PPP)
- History of exchange rate regime of India
- Foreign Exchange Swap
- Currency Appreciation, Depreciation & Devaluation
- Currency war
- Nostro & Vostro Accounts
- Foreign Exchange Management Act (FEMA)
- The Bretton Woods Twins
- World Bank
- International Monetary Fund
- World Bank Group
- World Trade Organisation (WTO) and India
- ADB, NDB, BRICS Bank, AIIB
- Bilateral, Regional and Global Groupings and Agreements involving India
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| Lecture 20 + 21 + 22 + 23 |
Agriculture |
- Role of Agriculture in Indian Economy
- Situation of Indian Agriculture
- Historical background and current status
- Cropping Patterns: Types of Cropping Systems: Mono-cropping; Crop Rotation;
- Sequential Cropping; Inter Cropping; Relay Cropping
- Issues related to direct and indirect farm subsidies and minimum support prices/ Farm Subsidies in India: Definition; Working; Need; Negative Impacts/ Types of Farm Subsidies in Indian Agriculture: Irrigation and Power/ Subsidies; Fertilizer Subsidy; Seed Subsidy; Credit Subsidy/ Government Intervention in Indian Agriculture/ Minimum Support Prices in Indian Agriculture: MSP definition; Working; Issues; Drawbacks; Way Ahead; Buffer Stocks/ Public Distribution System in India: Definition; Issues; Working; Need; Disadvantages/ Targeted PDS in India, Antyodaya Anna Yojana (AAY), Alternative to the PDS, Direct Benefit Transfers, National Food Security Act
- Agriculture Marketing
- Major crops: Major cropping patterns in different parts of the country, different types of irrigation, transport and marketing of agricultural produce and issues and associated constraints; e-technology for farmers
- Conclusive Land Titling
- Biotech-KISAN Program
Land Resources
- Land-use
- Land capability classification
- Causes of Land Degradation
- Impact of Land Degradation
- Steps taken by GOI
- Sustainable Land Management
Land reforms
- Land ownership patterns under the British rule” Zamindari System (Permanent settlement of Bengal): Ryotwari System/ Mahalwari System
- Objectives of land reforms in India
- Progress of Land Reforms in India
- Progress of Ceiling Legislation
- NITI Aayog Report on Land Leasing
- SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas)
Agriculture Finance
- Features of Agricultural Finance
- Criteria for Agricultural Credit
- Need for Agricultural Finance
- Sources of Agricultural Finance
- Problems of Agricultural Finance
- Measures taken to improve credit flow to agriculture
- Co-operative Credit Societies in India
- Derivate Trade in Agriculture Commodities
Important Government Schemes
Agriculture Credit Institutions
- Commercial Bank
- Lead Bank Scheme
- Multi Agency Approach
- Regional Rural Banks
- National Bank for Agriculture and Rural Development (NABARD)
- Reserve Bank of India
- Kisan Credit Card Scheme
- Self Help Group (SHG) Bank Linkage Programme
- Rural Infrastructure Development Fund (RIDF)
- Government Policy for Agricultural Credit
- Farmers Service Societies (FSS)
Crop Insurance in India
- Historical Background
- Issues Related to Crop Insurance
- Pradhan Mantri Fasal Bima Yojana
- Comparison with Earlier Crop Insurance Schemes Challenges
Agriculture Marketing
- Process of Agricultural Marketing in India
- Structure of Agricultural Marketing in India
- Importance of Proper Agriculture Marketing
- Government Measures to Improve Agricultural Marketing in India
- Analysis of APMC Act
- National Agriculture Market (e-NAM)
Subsidies
- Subsidy in India “Farm Subsidies: Fertiliser subsidies/ Subsidy on power/ Subsidy on irrigation
- Issues related to direct and indirect farm subsidies and minimum support prices
- Objectives of subsidies
- Transfer of resources from gainers from economic policies to losers from economic policies
- Issues of buff er stocks and food security Technology missions
- Economics of animal-rearing.
- Public Distribution System: Objectives, functioning, limitations, revamping, evolution from universal PDS to targeted PDS, Targeted PDS, a critical analysis of cost and benefit of PDS
- Buffer Stock policy and government’s intervention in food market to keep prices under reasonable limits to help consumers
- Food Security bill, questions of resource mobilization for the FSB, criticism of the FSB
- Important questions on the future of subsidies
Agricultural Revolutions in India
- Green Revolution
- White Revolution – Operation Flood
- Yellow Revolution
- Blue Revolutio
- Golden Fiber Revolution: Jute
- The future of Indian agriculture
- Data revolution in Indian agriculture
- Artificial Intelligence & Agriculture
- Social Security Schemes for Farmers
Food processing
- Food processing and related industries: Scope and significance, location, upstream and downstream requirements, supply chain management.
- Processed Foods Scenario with respect to Specific Sectors
- Policy Initiatives
- Infrastructure Development in Food Processing Sector
- Issues in Food Processing Sector
- FDI Policy in Food Processing
- Notable Trends in the Indian Food Processing Sector
- Strategies Adopted in Budget
- New foreign and domestic investment
- Sector-specific government policies
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| Lecture 24 + 25 |
Industry |
- Industrial policy and industrial development: Main Issues
- Mahalanobis strategy and India’s industrial policy-Discussing Industrial policy resolution 1948 and 1956 critically
- New Economic Policy and Industrial policy under the policy of Liberalization/ Privatization/ Globalization
- Phases of Industrial development
- Effects of liberalization on the economy
- Changes in industrial policy and their effects on industrial growth
- Impact on Different Sectors of the Economy
- Main features of Industrial development in India
- Roles of private sector and public sector, Investment in the industrial sector, employment, productivity, profit etc.
- Strategies for disinvestment and privatization
- Role of Small, Medium and Micro enterprises, Government Policy, main problems, effects of globalization
- New Manufacturing Policy
- Industrial disbursal and Industrial corridors
- SEZs- Main issues like land use, relocation of same industries that exist, exports earnings vs loss of tax income
- Industrial sickness, institutional mechanism to support the sick industries, exit policy issues
- Main constraints in the industrial development of India
- Effects of globalization on industries, Sub-prime crisis and sovereign debt crisis on Industry in India
- Industrial Finance in India: Role of development banking, commercial banking, venture capital, angel capital in industrialization and promotion of entrepreneurship
- Make in India achievements
- Transformation of MSME sector and impact on India
- Impact of Infrastructure-Economic
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| Lecture 26 + 27 |
Infrastructure |
- Impacts, impact on social development, Environmental impacts Transport
- Ports: Ocean transport routes/ Inland waterways/ Main regions of inland waterways
- Roads
- Importance
- Government push towards Road
- Infrastructure
- National Infrastructure pipeline
- Bharatmala Pariyojana
- Airports: Air routes & Significance/ Factors influencing air transport
- Railways: Factors affecting the railroads/ Distribution of railroads in the world
- Energy (Pipeline)
- Energy Pipeline Transport
- Petroleum (oil) Pipelines
- Gas Pipelines
- Importance and development of transport
- Means of transport
- Transport costs and economic distance
- Operating costs in transport
- Government’s transport policy
- Transport patterns in the world and costs and specialization
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| Lecture 28 |
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Doubt Session
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