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COVID-19 has had an adverse impact on economic environment of business all over the world. Millions have lost their jobs and many have been pushed below the poverty line. Consumer demand has declined steeply and supply chains across the world have been severely disrupted. It will take long for the economies to recover. The war in Ukraine has given another setback to business recovery. According to World Economic Outlook released by IMF in April 2022, the Global Economic Growth in 2022 and 2023 is expected to be much lower than projected earlier. Even the Indian Economy is expected to overcome the impact of COVID-19 fully only by the year 2034-35 as projected in the latest ‘Report on Currency and Finance’ published by the RBI on April 28, 2022. In this Twelfth Edition of our book, we attempt to examine all issues relating to the economic environment of business in general and India in particular. The discussion in the book is divided into two parts — Part I on 'An Overview of Business Environment' and Part II on 'Environment of Business in India'. Contents : PART-I : AN OVERVIEW OF BUSINSS ENVIRONMENT Unit 1 : Economic Environment : An Introduction 1. Business and Its Environment 2. Economic Environment of Business : Domestic 3. Global : Environment of Business 4. Economic Roles of The State and Government 5. Economic Fluctuations, Growth and Development 6. Market, Economic Planning and Controls Unit 2 : Non-Economic Environment of Business 7. Political and Legal Environment of Business 8. Demographic And Socio-Cultural Environment of Business 9. Natural Environment and Business 10. Technological Environment of Business 11. Social Responsibility of Business Unit 3 : Anatomy And Functioning of An Economy 12. Macroeconomic Framework-Basics 13. Consumption and Investment 14. National Income Determination 15. The Theory of Multiplier 16. The Two Market Equilibrium-IS/LM Model 17. Inflation and Stagflation 18. Monetary and Fiscal Policies 19. Issues in Economic Stabilisation: Keynesian-Monetarist Controversy PART-II : ENVIRONMENT OF BUSINESS IN INDIA Unit 4 : Indian Economic Environment 20. Broad Profile of The Indian Economy and The Macroeconomic Scenario 21. Economic Reforms And Liberalisation 22. Globalisation and its Impact on Indian Economy 23. International Institutions-The IMF And World Bank 24. WTO And India 25. Infrastructure and Business 26. Agriculture and Business Unit 5 : Business And Government-Indian Perspective 27. Economic Planning in India 28. India`s Fiscal and Monetary Policies 29. Industrial Policy 30. Export-Import Policy and Trade Liberalisation 31. SEZs: Concept, Role and Impact 32. FERA and FEMA 33. Consumer Protection Unit 6 : Indian Industrial And Trade Environment 34. Industrial Growth and Diversification 35. Industries (Development And Regulation) Act, 1951 and Industrial Licensing 36. Public Sector in The Indian Economy 37. Private Sector in The Indian Economy 38. Privatisation and Disinvestment 39. Modern Corporations and The Indian Company Law 40. Mergers and Acquisitions 41. MRTP Act, 1969 and Competition Act, 2002 And 2007 42. Small-Scale and Cottage Industries 43. Industrial Sickness in India 44. Trends in Foreign Trade and Structural Changes 45. India`s Balance of Payments 46. Foreign Investment, Technology and Multinational Corporations Unit 7 : Labour Environment In India 47. Features of Indian Labour Market 48. Industrial Labour 49. Implications of Economic Reforms for Labour Markets In India 50. Worker`s Participations in Management Unit 8 : Financial Environment of Business 51. Indian Money Market 52. Capital Market in India 53. Stock Market and its Regulation 54. Commercial Banking in India 55. Financial Institutions 56. Black Money and Demonetisation SUBJECT INDEX
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