FOR MORE FREE PDFS https://www.studymasterofficial.

com

Indian Economy

ffi ia .co m
Outline of Indian Economy

ro fic al o
ci l.c m
Nature

te of ici l.c
ht

 Mixed Economy Existence of both public and private sectors. This term was coined

as er ff cia

.c m
tp

by JM Keynes.
 Agrarain Economy Even after six-decades of independence 58% of the work force of

al o
s:

India is still agriculturist and its contribution to GNP is 17.4 % in 2014-15.

m st ero ffi
//w

o
dy a st ro
Features

tu ym a te
w

(i) Slow growth of national and per capital income.

w

.s d m s
(ii) Capital deficiency and low rate of capital formation, hence low rate investment, low
production, etc; poor quality of human capital.
w tu y a
.s

(iii) Over-dependence on agriculture along with low productivity in agriculture; heavy

w .s ud ym

population pressure.
tu

(iv) Unequal distribution of income and wealth.

(v) Mass poverty, chronic inflation and chronic unemployment.
dy
d
//w w .s u
m
s: w w .st

Classification
as

 According to the World Development Report (2014), sub-titled Gender Equity and
tp :// w w
t

Development, India with its per capita income of US $ 1570 is placed in lower middle
te
ht tps ://w w

income countries in 2010.

 Even on PPP (Purchasing Power Parity) basis India with US $ 5350 is placed in
ht tps ://w

ro

middle income countries in 2010.

 India has a share of 17.4% in world population but accounts for only 2.3 % of world
ffi
w

GNI on exchange rate basis.

ht tps

ci
a

Socio-Economic Indicators
ht

l.c

 Per capita daily intake calorie is 2496 (in 1999).

om

 Poverty level more than 37% (Tendulkar Committee).

 With HDI value of 0.624, India ranked 134/187, and hence has a medium Human
Development (HDR 2016).
 Inequality in India, in terms of Gini co-efficient of 0.36 is huge.
 Illiteracy more than one-fourth of population.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

ffi ia .co m
Issues in Development

ro fic al o
(i) Low per capita income and low rate of economic growth.

ci l.c m
te of ici l.c
(ii) High proportion of people below the poverty line.
ht

(iii) Low level of productive efficiency due to inadequate nutrition and

as er ff cia

.c m
malnutrition.
tp

(iv) Imbalance between population size, resources and capital.

al o
s:

(v) Problem of unemployment.

m st ero ffi
(vi) Instability of output of agriculture and related sectors.
//w

(vii) Imbalance between heavy industry and wage goods.

o
dy a st ro
(viii) Imbalance in distribution and growing inequalities.

tu ym a te
w
w

.s d m s
Planning In India
w tu y a
.s
w .s ud ym tu

Historical Milestones
dy
d

1. Planned Economy of India (1934) M Visvesvaraya

//w w .s u

2. National Planning Committee (1938) Jawaharlal Nehru

m

3. Bombay Plan (1944)

s: w w .st

4. Gandhian Plan (1944) SN Agarwal

as

5. People's Plan (1945) MN Roy

tp :// w w

6. Sarvodaya Plan (1950) JP Narayan

t

7. Planning Commission (1950) was set up under the chairmanship of Pt.

te
ht tps ://w w

Jawaharlal Nehru (Gulzarilal Nanda was the first Deputy Chairman)

ht tps ://w

ro
ffi
w
ht tps

ci
a
ht

 Economic Planning is mentioned in the concurrent List of VII Schedule of the

l.c

Indian Constitution and embodies the objectives of Directive Principles of

State Policy.
om

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

ffi ia .co m
Five Year Plans At a Glance

ro fic al o
ci l.c m
te of ici l.c
Growth Rate
ht

Plan Emphasis of Plan

Target Achieved
First Plan (1951- 1/3rd of total expenditure kept aside for agricultural

as er ff cia

.c m
tp

56) (Based on development.

2.1% 3.6%
Herold-Domar

al o
s:

Model)

m st ero ffi
//w

Second Plan Its Objective was rapid industrialization. Three big

o
dy a st ro
(1956-61) (Based industries were established at Bhillai (USSR); Durgapur 4.5% 4.1%
on PC (UK) and Rourkela (West Germany).
Mahalanobis two Locomotive factory at Chittaranjan and Coach factory at

tu ym a te
w

sector model) Perambur were established.

w

.s d m s
Third Plan (1961- Self-reliant and self-generating economy was the goal;
w tu y a
.s

66) Indian economy entered the take-off stage; continued 5.6% 2.8%
emphasis on heavy and basic industries.
w .s ud ym tu

This plan is also called Gadgil Yojana.

dy
d

Plan Holiday(1966-69) and Three Annual Plans were formulated on account of Indo-Pak Conflict two
//w w .s u

successive years of drought, devolution of currency by 36% and general rise in prices.
m
s: w w .st

Fourth Plan Growth with stability and progressive achievement of self- 5.7% 3.3%
as

(1969-74) reliance.
tp :// w w
t

Growth with Justice and Garibi Hatao were the main

objectives of this plan.
te
ht tps ://w w

Fifth Plan (1974- DP Dhar formulated it.

4.4% 4.8%
79) Removal of poverty and attainment of self-reliance.
ht tps ://w

ro

Janta Party came into power and ended the Fifth Plan one year before in 1978 and formulated the Sixth Plan
(1978-83). The Sixth Plan was a Rolling Plan (Gunar Myrdal).
ffi
w

Sixth Plan (1980- Removal of poverty through strengthening of 5.2% 5.7%

ht tps

ci

85) infrastructure for both agriculture and industry. Involved

people’s participation at local level.
a

Seventh Plan Food, work and productivity were the main objective of 5.0% 6.0%
ht

(1985-90) this plan.

l.c

Eighth Plan could not take-off due to fast changing in political situations at the Centre. Therefore, from 1990-
om

92, Annual plans were formulated.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Eighth Plan To provide a new dynamism to the economy and improve 5.6% 6.8%
(1992-97) (Based life quality of the common man.

ffi ia .co m
on Liberalisation ,
Privalisation and The planning became indicative and facilitative.

ro fic al o
Globalisation

ci l.c m
te of ici l.c
Model or
ht

Narsimham
Mohan Model)

as er ff cia

.c m
tp

Ninth Plan (1997- Growth with social justice and equality. 6.5% 5.4%

al o
s:

2002) The recession in international economy was held and

m st ero ffi
responsible for the failure of the Ninth Plan.
//w

o
dy a st ro
Tenth Plan (2002- It targetted a GDP growth rate of 8% per annum.
8% 7.6%
07) The plan set certain equity-related social and monitorable
target with the aim to achieve overall well-being of

tu ym a te
w

individuals. MTA of 11th Plan revised it to 8.1%.

w

.s d m s
Eleventh Plan Towards faster and more inclusive growth, increasing in 8.1% 7.9%
w tu y a
.s

(2007-2012) agriculture, industry and services to 4.1%, 10% and 9%,

w .s ud ym

respectively.
tu

Twelfth Plan Towards faster, sustainable and inclusive growth,

8.0%
(2012-2017) increasing growth rate in agriculture, industry and services
dy
d

to 4%, 9.6% and 10% respectively.

//w w .s u
m
s: w w .st

NITI Aayog NITI Aayog (National Institution of transforming India Aayog) came into
as

existence on 1st January, 2015; policy making think- tank ok of government that replaces
tp :// w w
t

planning commission and aims to involve states in economic policy making. It will be
providing strategic and technical advice of the central and State Government. Present
te
ht tps ://w w

chairman of NITI Aayog is Rajiv Kumar.

ht tps ://w

ro

 Basic Aim of Economic Planning is to bring rapid economic growth through

ffi
w

agriculture, industry power and all other sectors of economy.

ht tps

ci
a
ht

National Income of India

l.c

Domestic product
om

Gross Domestic Product at Market Price = Market value of final output of goods and
services produced within the country’s is domestic economy in a period of one year.

Net Domestic Product at Market Price = GDP - Depreciation.

Net Domestic Product at Factor Cost = NDP MP - Indirect Taxes + Subsidies.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0
 FOR MORE FREE PDFS https://www.studymasterofficial.com

National Product

ffi ia .co m
Gross National Product at Market Price = GDP + Net Factor Income from abroad.

ro fic al o
Net National Product at Market Price = GNP - Depreciation.

ci l.c m
te of ici l.c
ht

Net National Product at Factor Cost or National Income = National Product - Indirect
Taxes + Subsidies.

as er ff cia

.c m
tp

Per Capita Product/ Income = National Income/ Population or Net National Product at

al o
s:

Factor Cost/ Population.

m st ero ffi
//w

 The first estimate of National Income was prepared by Dadabhai Naoroji and

o
dy a st ro
per capita income was calculated 20 in 1870.
 The first scientific estimate was made by Prof VKRV Rao using output and

tu ym a te
w

income methods for the year 1931-32.

 National income committee was headed by Prof PC Mahalanobis, set up in
w

.s d m s 1949 and provided for the first time comprehensive data of national income in
w tu y a
.s

1954.
w .s ud ym

 Conventional series with basic year of 1948-49 were divided the economy into
tu

13 sectors. At present, the economy is divided into 9 sectors.

dy
d

Indian Tax Structure

//w w .s u
m
s: w w .st

Direct Tax The term direct tax generally means a tax paid directly to the government by
as

the person on whom it is imposed.

tp :// w w
t

Indirect Tax An indirect tax is a tax collected by an intermediary from the person who
te
ht tps ://w w

bears the ultimate economic burden of the tax.

ht tps ://w

ro

 The Government of India earns maxi-mum from Corporate Income Tax.

ffi
w
ht tps

ci

Direct Tax Indirect Tax

a

Income Tax Sales Tax or VAT

ht

l.c

Corporation Tax Customs Duty

Capital Gain Tax Insurance Premium Tax
Stamp Duty and Tax Excise Duties
om

Estate Duty Landfill Tax

Wealth Tax Aggregates Levy
Petroleum Revenue Tax Climate Change Levy
Inheritance Tax Goods and Services Tax

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Inclusive Development

ffi ia .co m
Human Development Index (HDI)

ro fic al o
ci l.c m
HDI measure was given by Pakistani Nobel Prize Winner Economist, Mehboob-ul-Haq

te of ici l.c
ht

Estimates/Causes

as er ff cia

.c m
tp

 Measured by Human Development Index (HDI), published by UNDP since 1990.

 Three dimensions

al o
s:

1. Live expectancy at birth rate;

m st ero ffi
//w

2. Education Index comprising means year of schooling and expected year of

o
dy a st ro
schooling;
3. GNI per capita (PPPUS $) index.

tu ym a te
w
w

.s d m s
Programmes/Measures
w tu y a
.s
w .s ud ym

 NRHM (National Rural Health Mission) was launched on 2nd April, 2005 to reduce
tu

IMR and MMR.

 Education programmes like Sarva Shiksha Abhiyan, Mid-day Scheme, etc.
dy
d

 Rural development programmes like MNREGA and Bharat Nirman.

//w w .s u
m
s: w w .st

Inequality
as
tp :// w w

Programmes / Measures
t

te
ht tps ://w w

 Adoption of progressive taxation in India.

 Anti-poverty and employment generating programmes.
ht tps ://w

ro

 Land reforms like abolition of intermediation, land ceiling acts, tenancy reforms and
co-operative movement were launched.
ffi
w

 Rural development programmes.

ht tps

ci

 Backward region grant fund.

a

Poverty
ht

l.c

Estimates/Courses
om

 Main Reasons for Rural Poverty Rapid population growth, lack of capital, lack of
alternate employment other than agriculture, illiteracy and lack of proper
implementation of PDS.
 Main reasons for Urban Poverty Migration from rural areas, lack of skilled labour,
lack of housing facilities, Limited job opportunities in cities.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

 Based on 2400 calories (rural) and 2100 calories (urban) and monthly per capita

ffi ia .co m
consumption expenditure of 356 (rural) and 538 (urban) Planning Commission
estimated poverty ratio in India in 2004-05 was 27.5%. The poverty ratio or the

ro fic al o
number of poor as a percentage of total population in India for 2004-05 estimated at

ci l.c m
37.2% according to the Suresh Tendulkar committee.

te of ici l.c
ht

Programme/ Measure Year of Launch

as er ff cia

.c m
tp

Jawaharlal Nehru National Urban Renewal 2005

Mission (JNNURM)

al o
s:

Mahatma Gandhi National Rural Employment 2006

m st ero ffi
Act (MGNREA)
//w

Pradhan Mantri Jan Dhan Yojana August 28 2014

o
dy a st ro
Beti Bachao Beti Padhao Yojana 2014
Make in India 25th September 2014

tu ym a te
w

Deen Dayal Upadhyay Grammeen Kaushlaya 25th September 2014

Yojana
w

.s d m s
Swacchh Bharat 2nd October 2014
Pradhan Mantri Sansad Adarsh Gram Yojana 11th October 2014
w tu y a
.s

Pradhan Mantri Fasal Bima Yojana 11th October 2014

w .s ud ym

Pradhan Mantri Bal Swacchta Mission 17th November 2014

tu

UDAAN Scheme 18th November 2014

Relaunch of PAHAL 15 November 2014
dy

(LPG Subsidy Scheme)

d

Indradhanush Scheme 25th December 2014

//w w .s u

OROP 5th September 2015

m

Pradhan Mantri Jan Aushadhi Yojana 21st July 2015

s: w w .st

Pradhan Mantri Awas Yojna 15 June 2015

as

Pradhan Mantri Krishi Sinchai Yojana 1st July 2015

tp :// w w

Digital India 1st July 2015

t

Pradhan Mantri Jeevan Jyoti Beema Yojana 9th May 2015

te
ht tps ://w w

Pradhan Mantri Suraksha Beema Yojana 9th May 2015

Atal Pension Yojana 9th May 2015
ht tps ://w

ro

Smart Cities Scheme 29th April 2015

Pradhan Mantri Garib Kalyan Yojana 19th April 2015
8 April 2015
ffi

MUDRA Yojana
w

PRASAD Scheme 9th March 2015

ht tps

ci

Sukanya Samriddhi Yojana 22 January 2015

a

HARIDAY Scheme 21st January 2015

Skill India Programme (National Skill July 15 2015
ht

l.c

Development Mission)
Shyama Prasad Mukharji Rurban Mission 24th June 2015
om

AMRUT 2015
Startup India Standup India 2016
Pradhan Mantri Ujjwala Yojna 2016
Saubhagya Yojana 2017

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Employment

ffi ia .co m
A person, working 8 hours a day for 273 days of the year is regarded as employed as the main

ro fic al o
worker.

ci l.c m
te of ici l.c
ht

Estimates/Causes
Since 1973 on the recommendation of B Bhagwati committee, three estimates of

as er ff cia

.c m
tp

unemployment have been brought about by planning Commission, viz

al o
s:

1. Usual Principal Status (Also called Open Unemployment) According to the NSSO,

m st ero ffi
66th Round (2009-10), rural and urban employment were 2% and 4% respectively.
//w

2. Current Weekly Status On the basis, the unemployment in 2009-10 in rural and

o
dy a st ro
urban areas were 3% and 4% respectively.
3. Current Daily Status The most comprehensive measure on this basis the

tu ym a te
w

unemployment for rural and urban areas were 7% and 6% respectively (2009-10).
w

.s d m s
w tu y a
.s

Women Empowerment and Child Development

w .s ud ym tu

Programme/Measure Year
dy

ICDS 1975
d

Mid-Day Meal Scheme 1995

//w w .s u

Swadhar 1995
m

Swayam Sidha 2001

s: w w .st

SSA 2001
as

Support to Training and Employment 2003-04

Programmer for Women (STEP)
tp :// w w
t

Ujjwala 2007
te
ht tps ://w w

Dhanlaxmi 2008
Gender Budgeting 2009
ht tps ://w

ro

Integrated Child Protection Scheme 2009-2010

Sabla Scheme 2010
National Mission for Empowerment of 2010
ffi
w

Women
ht tps

Bal Bandu Scheme 2011

ci

National Child Health Programme 2013

National Urban Livelihood Mission 2013
a

Sukanya Samridhi Yojna(Girl Child) July 2015

ht

l.c
om

The theme of the Human Development Report-2011 is ‘Sustainability and Equity’ – A better
future for all.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Environment

ffi ia .co m
Estimates/Causes

ro fic al o
ci l.c m
 India with an EPI of 48.3%, is ranked 125th in terms of tackling pollution and natural

te of ici l.c
ht

resources management (Environmental Performance Index, 2012 prepared by Yale

and Columbia University).

as er ff cia

.c m
tp

 Per capita emission of CO2 is 1.2 tonnes and is the lowest in the world.
 Per capita water availability in India to decline from 1730 to1240 by the year 2030-

al o
s:

‘A situation of water stress’.

m st ero ffi
 India's forest covers in 2009 was 23.81% of the total geographical area. India
//w

contributes 4% to the total global emission CO2 (2005), though in absolute terms, it

o
dy a st ro
is one of the top five global CO2 emitters.

tu ym a te
w
w

.s d m s
Programme/Measures
w tu y a
.s

 Notification of the wetlands (conversation and management) rules 2010 to ensure no

w .s ud ym

further degradation takes place.

tu

 National Green Tribunal Act mandates setting up the National Environment Appellate
dy

Authority. Increasing energy efficiency by 20% by 2016-17 (11th plan).

d

 Reducing emission intensity of the GDP by 20-25% of the 2005 level by 2020.
//w w .s u

 National Solar Mission to set up 20,000 MW solar power generating capacity by

m
s: w w .st

2022.
 National Action Policy on Climate Change (NAPCC) 2008 includes mission related
as

to solar energy, enhanced energy efficiency, sustainable agriculture, sustainable

tp :// w w
t

habitat, water, Himalayan eco-system, increasing the forest cover and strategic
te
ht tps ://w w

knowledge for climatic change.

ht tps ://w

ro
ffi
w

Industries
ht tps

ci

Industrial Policies
a

 Industrial Policies were launched in 1948, 1956, 1977, 1980 and 1991.
ht

l.c

 Industrial Policy 1956 is called ‘Economic Constitution of India’ and gave public
sector the strategic edge.
om

 Industrial Policy 1991 opened up the economy.

 The main aims were: (a) to end license-permitraj; (b) to integrate Indian economy
with the outer world; (c) to remove restrictions on FDI and (d) to reform public
sectors.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

ffi ia .co m
Public Sector Enterprises (PSEs)

ro fic al o
 Industries requiring compulsory licensing (a) distillation and brewing of alcoholic

ci l.c m
te of ici l.c
drinks; (b) cigar and cigarettes of tobacco; (c) electronic aerospace and defence
ht

equipment; (d) industrial explosives; (c) specific hazardous chemicals.

as er ff cia

.c m
tp

 Areas reserved for public sector are (a) atomic energy-production, separation and
enrichment of fissionable materials; and (b) railways.

al o
s:

 Present policy on PSE’s is to (a) not to privatize profit making companies and to

m st ero ffi
modernize and revive sick companies; (b) not to bring government stake in PSEs
//w

below 51%; (c) to adopt initial public offering route to disinvestment.

o
dy a st ro
 There are 250 Central PSEs as on 31st March, 2014.

tu ym a te
w
w

.s d m s
Navratnas and Maharatnas
w tu y a
.s

 The concept of Navratnas were started in 1997. At present there are 16 Navratnas and
w .s ud ym

61 Miniratnas.
tu

 Navratnas Bharat Electronics Ltd, EIL, BPCL, CONCOR HAL, MTNL National
Mineral Development Corporation, Nevyeli Lignite Company Ltd, Oil India Ltd,
dy
d

Power Finance Company Ltd, Power Grid Corporation of India Ltd, Rashtriya Ispat
//w w .s u

Nigam Ltd, Rural Electrification Corporation Ltd, Shipping Corporation of India Ltd,
m
s: w w .st

NACL and UBCCL.

 Maharatnas were started in 2009. Nine Maharatnas ONGC, SAIL, IOC, NTPC, Coal
as

India Ltd, HPCL, BHEL and GAIL.

tp :// w w
t

te
ht tps ://w w

Committees
ht tps ://w

ro

 Hazari Committee on Industrial Policy.

 Subimal Dutt Committee on Industrial licensing.
ffi
w

 Abid Hussain Committee on Small Scale Industry.

ht tps

ci

 C Rangarajan Committee on disinvestment.

 Memorandum of understanding (MoU) - Arjun Sengupta.
a
ht

l.c

Small Scale Industry

om

 A new thrust to small scale industry, given in industrial policy of 1977, MSMED Act,
2006 and new definition contributes 8% to GDP, 45% to all manufacturers and 40%
of exports. According to the 4th census (2009) of SSIs, 67% of the MSME are in
manufacturing and 33% are in service sector.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

ffi ia .co m
Major Industries in India

ro fic al o
ci l.c m
Iron and Steel

te of ici l.c
ht

 1st Steel industry at Kulti, Paschim banga- bengal Iron Works Company was

as er ff cia

.c m
tp

established in 1870.
 1st large scale steel plant – TISCO at Jamshedpur (1907) was followed by IISCO at

al o
s:

Burnpur (1919) Paschimbanga.

m st ero ffi
//w

o
dy a st ro
Manufacture Investment Limit Service Unit Investment Unit
Micro Upto 25 lakhs Micro Upto 10 lakhs

tu ym a te
w

Small 25 lakhs Small 10 lakhs

w

.s d m s 5 crore 2 crore
w tu y a
.s

Medium
w .s ud ym

5 crore 2 crore
Medium
tu

10 crore 5 crore
dy
d
//w w .s u
m
s: w w .st

 The First public sector unit was Visvesvaraya iron and steel works at
as

Bhadrawati.
tp :// w w
t

 Presently, India is the 4th largest producer of steel and comes 1st in the
te
ht tps ://w w

production of sponge iron.

ht tps ://w

ro

Location Assistance
ffi
w

Rourkela (Odisha) Germany

Bhilai (MP) Russia
ht tps

ci

Durgapur (Paschimbanga) Britain

Bokara (Jharkhand) Russia
a

Vishakhapatnam(AP) Russia
ht

l.c
om

Jute Industry
 First modernized industrial unit was established at Risra in Paschimbanga in 1855.
 India ranks No.1 in jute production and No. 2 in raw jute exports after Bangladesh.
 More than 2/3rd jute industry is concentrated in Paschimbanga.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

ffi ia .co m
Cotton and Textile Industry

ro fic al o
Largest organized and broad-based industry accounting for 4% of GDP, 20% of manufacture

ci l.c m
te of ici l.c
value add one third of total exports earning.
ht

Committees on Various Sectors of Indian Economy

as er ff cia

.c m
tp

AC Shah Committee Non-Banking Financial Company

al o
s:

Bimal Jalan Committee Market Infrastructure Instruments

m st ero ffi
Malegam Committee Functioning of Micro Finance
//w

Birla Committee Corporate Governance

o
dy a st ro
Kirith Parikh Committee Rationalization of Petroleum Product Prices
Chaturvedi Committee Improving National Highways in India
S R Hashim Committee Urban Poverty

tu ym a te
w

Abhijit Sen Wholesale Price Index

w

C Rangarajan Services Price Index

.s d m s
Abid Hussain Committee Development of Capital Markets
w tu y a
.s

Damodaran Committee Customer Service in Banks

w .s ud ym

Khandelwal Committee Human Resource in Commercial Banks

tu

Patil Committee Corporate Debt

VK Sharma Committee Credit to Marginal Farmers
Sarangi Committee Non-Performing Assets
dy
d

Khanna Committee Regional Rural Banks

//w w .s u

Dantawala Committee Lead Bank Scheme

m

Gadgil Committee Financial Inclusion

s: w w .st

as
tp :// w w
t

te
ht tps ://w w

 The first indian modernized cotton cloth mill was established in 1818 at Fort Gloster
ht tps ://w

ro

(Calcutta). The second mill named Bombay spinning and weaving company ,
established in 1854 at Bombay by KGN Daber.
ffi

 The Multi-Fibre Agreement (MFA) under World Trade Organisation ended on 31st
w

December, 2004 finally integrated textile sector into WTO rules. Programmes
ht tps

ci

Technology Upgradation Fund Scheme (PTUFS) 1999; Scheme for integrated Textile
Park (SITP), July 2005.
a
ht

l.c

Sugar Industry
om

 India is the second largest producer of sugar in the world with a 22% share.
 It is the second largest agro-based industry in the country.
 BB Mahajan committee is related to sugar industry. Sugar Development Fund was set
up in 1982.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Cement Industry

ffi ia .co m
 First Cement producing unit was set up at Paschimbanga, Porbandar (Gujarat), in

ro fic al o
1914.

ci l.c m
 India is the second largest producer of cement in the world.

te of ici l.c
ht

Fertilizer Industry

as er ff cia

.c m
tp

 First fertilizer industry at Ranipet (Chennai) in 1906.

al o
s:

 India meets its 85% requirement of urea indigenously.

m st ero ffi
 India is the third largest producer of fertilizers in the world after China and USA.
//w

NPK consumption ratio in 2008-09 was 4.6:2:1.

o
dy a st ro
Banking and Finance

tu ym a te
w

Banking in India
w

.s d m s
w tu y a
 Bank of Hindustan was the first bank, established in India in 1770.
.s

 First bank with limited liability managed by an Indian Board was the Oudh
w .s ud ym tu

Commercial Bank in 1881.

 First purely Indian bank is the Punjab National Bank (1894). A step towards ‘social
dy

banking’ was taken with the nationalization of 14 Commercial Banks on 19 July,

d

1969. Six more banks were nationalized on 1980, total number of nationalized banks
//w w .s u

are 21.
m
s: w w .st

 With the merger of Bank of Rajasthan with the ICICI Bank, the number of old private
as

sector banks is now reduced, 14.

tp :// w w

 SBI Merged with its five associate banks and Mahila bank in 2017.
t

te
ht tps ://w w
ht tps ://w

ro

The RBI and Credit Control

ffi
w
ht tps

Quantitative/General Credit Control

ci
a

It is used to control the volume of credit and indirectly to control the inflationary and
ht

deflationary pressures. These are

l.c

1. Cash Reserve Ratio

om

2. Statutory Liquidity Ratio (SLR)

3. Repo Rate
4. Reverse Repo Rate
5. Bank Rate

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 ht
ht tps ht
ht tps ://w s:
tp
ht tps ://w w //w
tp :// w w w
s: w w .st w
//w w .s u
w
w .s ud ym t
.s d
tu
w tu y a
.s d m s
dy
m
tu ym a te
dy a st ro
as
te
m st ero ffi
ro
ffi as er ff cia
ci te of ici l.c
a ro fic al o
l.c ffi ia .co m
om ci l.c m
al o
.c m
o
 FOR MORE FREE PDFS https://www.studymasterofficial.com

 Development role

ffi ia .co m
 Research and statistics

ro fic al o
ci l.c m
The first Finance commission was headed by KC Neogi and the 13th Finance

te of ici l.c
ht

Commission is headed by Vijay L Kelkar.

as er ff cia

.c m
tp

Stock Exchange of India

al o
s:

m st ero ffi
//w

 A Stock Exchange provides services for brokers and traders to trade stocks,

o
dy a st ro
bonds and other securities.
 The Bombay Stock Exchange (BSE) is the stock exchange located on Dalal

tu ym a te
w

Street, Mumbai and is the oldest stock exchange in Asia. The BSC has the
largest number of listed companies in the world. It is called ‘BSC 35’ also.
w

.s d m s
 The National Stock Exchange (NSE) is the 16th largest stock exchange in the
w tu y a
world. It is situated in Mumbai.
.s
w .s ud ym

Agriculture
tu

Green Revolution is associated with the use of HYVS (High Yielding Variety Seeds),
dy
d

chemical fertilizers and new technology which led to a revolutionary results in agriculture
//w w .s u

production during the middle of 1960. The term Green Revolution was given by Ame
m

Scientist Dr William Grande.

s: w w .st

as

Agriculture Credit
tp :// w w
t

 Institutional credit covers cooperative societies and Banks commercial banks, RRBs
te
ht tps ://w w

and NABARD. Lead bank Scheme (1969) is an area approach to credit.

 Service area approach to credit was adopted in 1988.
ht tps ://w

ro

 NABARD as an apex agriculture Bank was set up in 1982.

ffi
w

Importance of Agriculture
ht tps

ci

 Contributes 14.2% to the GDP (2010-11).

a

 Provides employment 58 per cent.

ht

l.c

 Contribution 10.2% to the exports.

om

Agriculture Revolutions
 Dr. M S Swaminathan is called the ‘Father of Green Revolution’.

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Important Revolutions

ffi ia .co m
 Yellow Revolution Oilseeds

ro fic al o
 White Revolution Milk

ci l.c m
 Black Revolution Petroleum Production

te of ici l.c

ht

Red Revolution Meat and Tomato Production

 Round Revolution Potato
 Silver Fiber Revolution Cotton

as er ff cia

.c m
tp

 Blue Revolution Fish

 Pink Revolution Shrimp

al o
s:

 Grey Revolution Wool

m st ero ffi
 Evergreen Revolution Overall development of Agriculture
//w

 Green Revolution Foodgrains

o
dy a st ro
 Golden Revolution Horticulture
 Brown Revolution Cocoa

tu ym a te
w

 Rainbow Revolution Amalgamation of all above revolutions

w

.s d m s
w tu y a
Census 2011
.s
w .s ud ym tu

 First census was held in 1872, but it was not a synchronized census. First
synchronized census was held in 1881, since then at every ten years census is
dy
d

organized.
//w w .s u

 C Chandramouli is the Registrar General and Census Commissioner of India

m

who headed the 15th Census of India.

s: w w .st

 Census is a union subject (Article 246) and is listed as entry 69 of the VIIth
as

Schedule of the Constitution.

tp :// w w
t

 The year 1921 is known as the year of demographic divide.

 Population 121, 05, 69, 573
te
ht tps ://w w

 Sex Ratio 940

ht tps ://w

ro

 Literacy Rate 74.04%

 Population in age group 0-6 16, 44, 78, 150
ffi

 Child population in India is decreased from 15.9 % to 13.12% and has

w

negative growth (-3.02 %).

ht tps

ci

 Nagaland has a negative population growth rate of -0.6 .

 The Indian Population is 17. 44% of the World. The decadal population
a

growth of India is -0.47%.

ht

l.c

 India is regarded as a country with Demographic dividend. This is due to its

high population in the age group of 15-64 years.
om

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0

 FOR MORE FREE PDFS https://www.studymasterofficial.com

Growth Rate of India’s Population (Four Phases)

1891-1921 Stagnant population

ffi ia .co m
1921-1951 Steady growth
1951-1981 Rapid high growth (stage of population explosion)

ro fic al o
1981-2001 High growth rate with definite signs of slowing down

ci l.c m
te of ici l.c
ht

 Decadal Population growth in 2001-2011 is 17.64%.

as er ff cia

.c m
tp

 The slogan and the mascot of the census 2011 is ‘Our Census - Our Future’ and
‘Female Enumerator’.

al o
s:

 Kerala (94.0%) has the highest literacy rate and Bihar (61.8%) has the lowest literacy

m st ero ffi
rate. In terms of population, UP has maximum and Lakshadweep has minimum.
//w

 In terms of area, Rajasthan has the largest and Lakshadweep has the smallest. In terms

o
dy a st ro
of density Delhi (11320) has maximum and Arunachal Pradesh (17) has minimum.

tu ym a te
w
w

.s d m s
w tu y a
.s
w .s ud ym d tu
dy
//w w .s u
m
s: w w .st

as
tp :// w w
t

te
ht tps ://w w
ht tps ://w

ro
ffi
w
ht tps

ci
a
ht

l.c
om

Videos Lecture https://bit.ly/2UfqqC4 Join Telegram https://bit.ly/2VenFy0