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.