Scribd
Upload
17 views2 pages

Indian Economy

The document provides an overview of the Indian economy, highlighting its mixed economy structure and key sectors including agriculture, manufacturing, and services. It discusses economic planning milestones, key indicators like GDP and inflation, and the banking system led by the Reserve Bank of India. Additionally, it covers government schemes, taxation, fiscal policy, and recent economic developments such as GDP growth and digital currency initiatives.

Uploaded by

Debu Sir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
17 views2 pages

Indian Economy

The document provides an overview of the Indian economy, highlighting its mixed economy structure and key sectors including agriculture, manufacturing, and services. It discusses economic planning milestones, key indicators like GDP and inflation, and the banking system led by the Reserve Bank of India. Additionally, it covers government schemes, taxation, fiscal policy, and recent economic developments such as GDP growth and digital currency initiatives.

Uploaded by

Debu Sir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

Indian Economy

Debopriya

1. Introduction to Indian Economy

• Type of Economy: Mixed Economy (Combination of Public & Private Sectors)


• Sectors of Economy:
o Primary Sector: Agriculture, Fishing, Mining
o Secondary Sector: Manufacturing, Industries
o Tertiary Sector: Services, IT, Banking

2. Economic Planning in India

• First Five-Year Plan (1951-56): Focus on agriculture & irrigation


• Green Revolution (1960s): Increased food production, led by M.S. Swaminathan
• Liberalisation, Privatisation, and Globalisation (LPG) (1991): Economic reforms initiated by
Manmohan Singh
• NITI Aayog (2015): Replaced Planning Commission

3. Key Economic Indicators

• GDP (Gross Domestic Product): Total value of goods & services


• GNP (Gross National Product): GDP + Net income from abroad
• Per Capita Income: GDP divided by population
• Inflation: Rise in general price levels, measured by CPI & WPI
• Unemployment Rate: Percentage of unemployed persons in labour force

4. Banking & Financial System

• Reserve Bank of India (RBI): Central bank, regulates monetary policy


• Types of Banks: Commercial Banks, Cooperative Banks, Regional Rural Banks (RRBs)
• Repo Rate: Rate at which RBI lends to banks
• Reverse Repo Rate: Rate at which RBI borrows from banks
• CRR & SLR: Cash Reserve Ratio & Statutory Liquidity Ratio

5. Government Schemes & Policies

• PM Jan Dhan Yojana: Financial inclusion scheme


• Make in India: Boost manufacturing sector
• Atmanirbhar Bharat: Self-reliant India initiative
• Digital India: Promoting digital transactions & e-governance
• Startup India: Encouraging entrepreneurship & innovation

6. Agriculture & Rural Development

• Important Crops: Rice, Wheat, Sugarcane, Cotton


• Minimum Support Price (MSP): Government sets price for crops
• MGNREGA: Employment guarantee scheme for rural areas
• Rural Infrastructure Development: Pradhan Mantri Gram Sadak Yojana

7. Industry & Trade


• Major Industries: Textile, Automobile, IT, Steel
• Foreign Direct Investment (FDI): Investment by foreign entities
• Export & Import: Balance of Trade, Current Account Deficit
• Special Economic Zones (SEZs): Promote exports & foreign investment

8. Taxation System in India

• Direct Taxes: Income Tax, Corporate Tax


• Indirect Taxes: GST (Goods & Services Tax), Custom Duty
• GST Slabs: 5%, 12%, 18%, 28%

9. Budget & Fiscal Policy

• Union Budget: Annual financial statement by Government of India


• Fiscal Deficit: Difference between total expenditure & total revenue
• Monetary Policy: Controlled by RBI to regulate money supply
• FRBM Act (2003): Fiscal Responsibility & Budget Management

10. Recent Economic Developments

• India’s GDP Growth Rate: One of the fastest-growing economies


• RBI Digital Currency (CBDC): India’s digital rupee initiative
• Unemployment & Inflation Trends: Government measures to control

You might also like