GROUP 1 MAIN NOTES - Indian Economy - Current economic trends and impact of global economy on India in English PDF

SYLLABUS • Features of Indian Economy – Demographical profile of India – National Income – Capital formation - NEP (New Economic Policy) – NITI AYOG – National Development Council. • Agriculture – Role of Agriculture – Land reforms – New Agricultural Strategy – Green Revolution – Price Policy, Public Distribution System (PDS), Subsidy, Food Security– Agricultural Marketing, Crop Insurance, Labour – Rural credit & indebtness – WTO & Agriculture. • Industry - Growth ‐ Policy – Role of public sector and disinvestment – Privatisation and Liberalization – Public Private Partnership (PPP) – SEZs. – MSMEs. – Make in India. • Infrastructure in India – Transport System - Energy – Power – Communication - Social Infrastructure - Science & Technology - R&D. • Banking & Finance – Banking, Money & Finance – Central Bank – Commercial Bank – NBFIs. - Stock Market – Financial Reforms – Financial Stability – Monetary Policy – RBI & Autonomy. • Public Finance – Sources of Revenue – Tax & Non-Tax Revenue – Canons of taxation – GST – Public expenditure – Public debt – Finance Commission – Fiscal Policy. • Issues in Indian Economy – Poverty & inequality – Poverty alleviation programmes – MGNREGA – New Welfare programmes for rural poverty – Unemployment – Inflation – Inflation targeting – Sustainable economic growth – Gender issues. • India’s Foreign Trade – BOP, EX-IM Policy, FOREX Market, FDI; Globalization & its impact – Global economic crisis & impact on Indian economy. • International Agencies – IMF (International Monetary Fund) World Bank - BRICS - SAARC - ASEAN. • Tamil Nadu Economy & Issues – Gross State Domestic Product – Trends in State’s economic growth – Demographic profile of Tamil Nadu – Agriculture – Industry & entrepreneurship development in Tamil Nadu – Infrastructure – Power, Transportation systems – Social Infrastructure – SHGs. & Rural Women empowerment – Rural poverty & unemployment – Environmental issues – Regional economic disparities – Local Government - Recent government welfare programmes.