Economy and Development

  • Economy and Development
  • PAPER –IV (Mains)
  • Sessions: 0
  • Hours: 0
  • No. Of Chapters: 00
  • Bhavani Sankar
  • Mr. Bhavani Sankar
    ( Polity, E-Governance )
  • Central Finance Commission
abhyaas IAS


1.Challenges of Indian Economy –

Pre and Post Independent India

2.Agricultural development and Main Issues

  • ontribution of agriculture to India’s GDP – Issues of Financing, Production, Marketing and Distribution of Agriculture. Agricultural pattern in Andhra Pradesh – Regional Disparities in agriculture – Issues of Financing, Production, Marketing and Distribution. Contribution of agriculture to SGDP.

3. Resource Mobilization -Types of resources:

Physical capital and finance capital - Need for resource mobilization- Sources of resource mobilization: Public Sector and Private Sector - Savings and investment - Budgetary resources: Tax and non tax - Role of Public Debt in resource mobilization and effects: Market borrowing, loans, grants etc. Role of fiscal and monetary policies in resource mobilization - Role of foreign investment in resource mobilization, desirability and consequences - Multilateral agencies and resource mobilization - Physical resources Resource Mobilization in Andhra Pradesh : Physical Capital and Financial Capital – Budgetary Resources : Tax and Non-tax Revenues – Public Debt : Resources and Consequences – Market borrowings, loans and grants from Centre.

4. Inclusive growth:

Meaning and concept of Inclusion - India’s experience - Ground reality and working of flagship schemes - India’s growth story in this context - Why India’s growth is not inclusive - Rural economy based growth. - Sustainable agriculture, food security and resilience for growth - Public distribution schemes - Financial inclusion as an instrument of inclusive growth - Poverty Alleviation and Employment Generation as a strategy for inclusive growth - Social sector development as an instrument for inclusive growth - Public private partnership for inclusive growth - Industrial Integration for inclusive growth - Sectoral and regional diversification as a tool for inclusive growth. Inclusive growth in Andhra Pradesh : Rural Economy based growth – Financial Inclusion – Food Security : Public Distribution Scheme - Poverty Alleviation and Employment generation Schemes - Integrated Regional Development for inclusive growth.

5. Government Budgeting :

Budget terminology - Types of budget - Features of outcome budgeting - Merger of Railway and General Budget - Benefits of budgeting - Flaws in budgeting process - Budget analysis Andhra Pradesh Budgeting : Features and outcomes – Flaws in budgeting process – Analysis of Andhra Pradesh Budgets since 2014.

6. Industrial policy and industrial development:-

New Economic Policy and Industrial policy under the policy of liberalization, privatization and globalization - Reforms since the New Economic Policies, New Industrial policy 1991 - Main features of Industrial development in India - Sectoral composition - Roles of private sector and public sector in employment, productivity, profit etc. - Strategies for disinvestment and privatization - Role of Small, Medium and Micro enterprises, Government Policy, main problems, effects of globalization - New manufacturing policy Industrial disbursal and Industrial corridors - SEZs- Main issues like land use, relocation of same industries that exist, exports earnings vs loss of tax income - Industrial sickness, institutional mechanism to support the sick industries, exit policy issues - Main constraints in the industrial development of India - Effects of globalization on industries, Sub-prime crisis and sovereign debt crisis on Industry in India.
Industrial Finance in India: Role of development banking, commercial banking - venture capital, angel capital in industrialization and promotion of entrepreneurship. Industrial Policy and Development in Andhra Pradesh : Industrial Corridors – Main issues like land use, location of industries, regional distribution

7. Infrastructure in India :

Transport Infrastructure : Ports, Roads, Airports, Railways – Energy Infrastructure - Water management infrastructure - Communication Infrastructure - Solid waste management - Earth monitoring and measuring networks - Urban infrastructure - Green infrastructure. Importance of Social and Economic overhead Capital in Economic Development. Importance of Infrastructure- Economic growth and development, Advantages of connectivity, Enhancing production and distribution, Attracting FDI and domestic investment, improving living Standards etc.
Infrastructure development programmes in India: the Golden Quadrilateral, National Highway Development Programme, Industrial Corridors, Manufacturing hubs, Sethusamudram project, J&K railway project, weather forecast and disaster management, television and broadcasting, telecommunications. Important issues: Ownership and financing, Pricing of Public utilities, Infrastructure as avenues for investment, Public Private Partnership and related issues, Operation and Maintenance of roads, railways, irrigation and power projects-Main problems and solutions. Impact on social development, Environmental impacts.
Investment in India : Capital and investment - Factors affecting investment – FDI - Angel Investors and Start-ups - M&A - Role of State - PPP (Public-Private Partnership) - Savings and Investment Trends
Infrastructure in Andhra Pradesh : Transport Infrastructure : Ports, Roads, Airports, Railways – Energy Infrastructure - Water management infrastructure - Communication Infrastructure - Solid waste management. Social and Economic overhead Capital in Economic Development. Operation and Maintenance of roads, irrigation and power projects. Factors affecting investment. FDI - Angel Investors and Start-ups - M&A - Role of State - PPP (Public-Private Partnership) - Savings and Investment Trends


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