ECONOMIC ENVIRMENT IN INDIA B.COM SEMSTER 2

Course Title: Economic Environment in India

Semester: B.Com – Semester II
Course Type: Core / Foundation Course
Duration: One Semester
Credit Hours: Typically 3–4 credits

Course Description:

The course “Economic Environment in India” aims to equip students with an understanding of the key economic forces and policies that shape the business environment in India. It offers insights into the structure, performance, and challenges of the Indian economy, covering areas such as economic planning, policy reforms, monetary and fiscal frameworks, and the impact of globalization.

Through this course, students will develop the ability to analyze the interaction between economic policies and business strategies, and understand how various economic factors influence trade, industry, employment, income distribution, and growth.

Course Objectives:

1. To provide knowledge of the structure and functioning of the Indian economy.

2. To analyze the impact of government policies on business and industry.

3. To examine the role of liberalization, privatization, and globalization.

4. To understand economic indicators and their significance for decision-making.

5. To evaluate current economic trends and policy developments in India.

Major Topics Covered:

• Introduction to Economic Environment

• Economic Planning in India

• Indian Financial System

• Fiscal Policy and Budget

• Monetary Policy and Inflation

• Economic Reforms (LPG – Liberalization, Privatization, Globalization)

• Industrial Policy and Industrial Growth

• Foreign Trade Policy and Balance of Payments

• Demographic Environment and Human Resource Development

• Role of Public Sector and Privatization

Learning Outcomes:

By the end of this course, students will be able to:

• Understand and interpret key economic data and trends.

• Assess the implications of economic policies for business operations.

• Gain awareness of major economic challenges and policy responses in India.

• Analyze the interrelationship between economic environment and business decisions.