Indian Economy – Characteristics of Indian Economy – Economic and non-Economic factors – Determinants of Economic Development.

Human resource - population policy - National Income – Concept - measurement – limitations - Recent trends in National income - India foreign trade and balance of payment - Role of GATT, WTO in Indian economy.

Source of Agricultural credit – Co-operative Banks and Commercial Banks – NABARD – Land Development Banks - Regional & Rural Banks - Agricultural Refinance.

Role of Industrialization in Indian Economy - Industrial Policies –Small scale and cottage Industries – Industrial Sickness - Public sector – Private sector – Joint sector.

Poverty – Causes - Effects – Estimates of unemployment in India - Measure to reduce unemployment – Financial inclusion.