TMH Indian Economy by Ramesh Singh

The revised and updated edition of this popular book includes the recent changes effected by the Indian government the changing dynamics of the global economy, the fluctuating India Story and its critical decade In the process, it also goes on to present a holistic overview of the tectonic shift in the global economy and its relevance to the Indian situation with a separate Chapter on India's interaction with the global economies.

The revised and updated edition of this popular book includes the recent changes effected by the Indian government the changing dynamics of the global economy, the fluctuating India Story and its critical decade In the process, it also goes on to present a holistic overview of the tectonic shift in the global economy and its relevance to the Indian situation with a separate Chapter on Indias interaction with the global economies.

Table of Contents
Preface to the Fourth Edition
Preface to the First Edition
Chapter 1: Introduction

  • Economics: The Discipline
  • Organising an Economy
  • Role of State in an Economy
  • Sectors of an Economy
  • Types of Economies
  • Idea of National Income
  • Uniqueness of the Indian Economy
  • Notes & References

Chapter 2: Progress, Growth and Development

  • Progress
  • Economic Growth
  • Economic Development
  • Notes & References

Chapter 3: Evolution of the Indian Economy

  • The Background
  • Prime Moving Force: Agriculture vs. Industry
  • Planned and Mixed Economy
  • Emphasis on the Public Sector
  • Notes & References

Chapter 4: Economic Planning

  • Introduction
  • Definition
  • Origin and Expansion of Planning
  • Types of Planning
  • Notes & References

Chapter 5: Planning in India

  • Introduction
  • Background
  • Major Objectives of Planning
  • Planning Commission
  • National Development Council
  • Central Planning
  • Multi-Level Planning
  • Way to Decentralised Planning
  • The Planning Commission & The Finance Commission
  • The Changing Nature and Role of Planning
  • A Critical Evaluation
  • Notes & References

Chapter 6: Economic Reforms

  • Introduction
  • Economic Reforms
  • Economic Reforms In India
  • Liberalisation
  • Privatisation
  • Globalisation
  • Generations of Economic Reforms
  • Notes & References

Chapter 7: Inflation

  • Introduction
  • Definition
  • Why Inflation Occurs
  • Types of Inflation
  • Other Variants of Inflation
  • Other Important Terms
  • Effects of Inflation
  • Inflation in India
  • Notes & References

Chapter 8: Business Cycle

  • Introduction
  • Depression
  • Recovery
  • Boom
  • Growth Recession
  • Conclusion
  • Notes & References

Chapter 9: Indian Agriculture

  • Introduction
  • Kharif & Rabi
  • Food Philosophy of India
  • Land Reforms
  • Green Revolution
  • Minimum Support Prices (MSP)
  • Procurement Prices
  • Issue Price
  • Buffer Stock
  • Economic Cost of Foodgrains
  • Decentralised Procurement Scheme
  • Rising Food Subsidy
  • National Flood Security Bill
  • Agricultural Marketing
  • e-choupal
  • Trifed
  • Nafed
  • Storing facilities for Agriculture Products
  • Agricultural Credit
  • Commodity Futures Market
  • Farm Waste Debate
  • Irrigation
  • National Food Security Mission (NFSM)
  • Macro Management of Agriculture (MMA)
  • Rashtriya Krishi Vikas Yojana (RKVY)
  • ISOPOM
  • National Horticulture Mission (NHM)
  • National Bamboo Mission (NBM)
  • National Agricultural Policy, 2000
  • Agricultural Insurance
  • Extension Services
  • National Mission for Sustainable Agriculture (NMSA)
  • Second Green Revoution
  • WTO and the Indian Agriculture: Prospects and Challenges
  • WTO and Agricultural Subsidies
  • Economic Survey 2011-12: Comments
  • Notes & References

Chapter 10: Indian Industry & Infrastructure

  • Introduction
  • Industrial Policy Resolution, 1948
  • Industrial Policy Resolution, 1956
  • Industrial Policy Statement, 1969
  • Industrial Policy Statement, 1973
  • Industrial Policy Statement, 1977
  • Industrial Policy Resolution, 1980
  • Industrial Policy Resolution, 1985 & 1986
  • Disinvestment
  • Investment Challenge
  • New Manufacturing Policy
  • National Policy on Electronics
  • Industry & Environment
  • Economic Survey 2011-12: Comments on Industry
  • Indian Infrastructure
  • Economic Survey 2011-12: Comments on Indian Infrastructure
  • Notes & References

Chapter 11: India and the Global Economy

  • An Introduction
  • Global Economy Today
  • Eurozone Crisis
  • Changing Dynamics
  • Locating India
  • The Path to Revival
  • Prospects for India
  • Notes & References

Chapter 12: Financial Market

  • Introduction
  • Indian Money Market
  • Indian Capital Market
  • Notes & References

Chapter 13: Indian Money Market

  • Introduction
  • Need For Money Market
  • Money Market In India
  • Discount and Finance House of India (DFHI)
  • Monetary Policy Tools
  • Notes & References

Chapter 14: Indian Capital Market

  • Definition
  • Project Financing
  • Financial Institutions
  • Mutual Fund (MF)
  • Notes & References

Chapter 15: Banking in India

  • Introduction
  • Bank & Non-Bank Institutions
  • Non-Banking Financial Companies (NBFCS)
  • Reserve Bank of India
  • Marginal Standing Facility (MSF)
  • Base Rate
  • Nationalisation and Development of Banking
  • Financial Sector Reforms
  • Banking Sector Reform
  • New Rules for Opening Banks
  • The Menace of NPAS
  • Capital Adequacy Ratio
  • Why to Maintain Car?
  • Financial Stability Report- 2011
  • Non-Resident Indian Deposits
  • Notes & References

Chapter 16: Security Market in India

  • Definition
  • Primary and Secondary Markets
  • Stock Exchange
  • SEBI
  • Important Terms of Stock Market
  • Short Selling
  • Notes & References

Chapter 17: Insurance in India

  • Definition
  • Insurance Industry
  • Insurance Reforms
  • National Export Insurance Account
  • The Challenge Ahead
  • Notes & References

Chapter 18: External Sector

  • Definition
  • Foreign Currency Assets
  • Foreign Exchange Reserve
  • Fixed Currency Regime
  • Floating Currency Regime
  • Managed Exchange Rates
  • Foreign Exchange Market
  • Exchange Rate in India
  • Trade Balance
  • Trade Policy
  • Depreciation
  • Devaluation
  • Revaluation
  • Appreciation
  • Current Account
  • Capital Account
  • Balance of Payment (BoP)
  • Convertibility
  • LERMS
  • NEER
  • REER
  • EFF
  • IMF Conditions on India
  • Hard Currency
  • Soft Currency
  • Hot Currency
  • Heated Currency
  • Cheap Currency
  • Dear Currency
  • Special Economic Zone
  • Autonomous Bodies
  • Other Organizations
  • Advisory Bodies
  • Economic Survey 2011-12: Comments
  • Notes & References

Chapter 19: International Economic Organizations

  • International Monetary System
  • Bretton Woods Development
  • International Monetary Fund
  • World Bank
  • Asian Development Bank
  • OECD
  • World Trade Organisation (WTO)
  • WTO Negotiations and India
  • Notes & References

Chapter 20: Tax Structure in India

  • Tax Methods of Taxation
  • A Good Tax System
  • Methods of Expenditure
  • Value Added Tax
  • Need of VAT in India
  • Goods and Services Tax
  • Additional Excise Duty
  • CST Reforms
  • Service Tax
  • Tax Expenditure
  • Non-Tax Revenue
  • Notes & References

Chapter 21: Public Finance

  • Introduction
  • Budget
  • Fiscal Policy
  • Indian Fiscal Situation: A Summary
  • Limiting Government Expenditure
  • Fiscal Consolidation in India
  • Zero-Base Budgeting
  • Charged Expenditure
  • Types of Budgets
  • Cut Motion
  • Interest Payments
  • Subsidies
  • Government Debt
  • State-Level Finances
  • Notes & References

Chapter 22: Human Development in India

  • Introduction
  • Human and Gender Development
  • Inclusive Development
  • Poverty and Inclusive Growth
  • Inequality
  • Employment
  • Poverty Alleviation and Employment Generation Programmes
  • Social Protection
  • Rural Infrastructure
  • Urban Infrastructure
  • Skill Development
  • Education
  • Health
  • Women and Child Development
  • Notes & References