 Characteristics of Indian Economy:
 Demographic Profile, Demographic Dividend and Population Policy.
 Sectoral Composition with respect to contribution to Gross Domestic Product (GDP) and Employment. Poverty and Inequality, Unemployment, Inflation in India.
 Industrial Growth in India.
 Regulatory framework for money and banking: Reserve Bank of India (RBI), Commercial banks and Regional Rural Banks.
 Monetary policy, Foreign exchange, Balance of Payment Scenario.
 Foreign Trade: Policy, Composition and Direction, Impact of Liberalization / Privatization and Globalization.
 Economic Planning in India.
 Five Year Plans: strategies and outcomes, Public / Private / Joint Sectors.
 Fiscal Policy, Fiscal Responsibility and Budget Management Act, 2003, Debt and Investment in India: Current Status, Growth and Development experience including Natural Resource Management.
 Sustainable development and Inclusive growth.
 Measurement of economic development: Physical Quality of Life Index (PQLI), Millennium Development Goals, Human Development Index (HDI) / Gender Development Index (GDI) / Gender Empowerment Measure (GEM).
 Latest / Current Development Schemes / Initiatives / Institutional Changes (e.g. Swach Bharat Mission, Make in India, Digital India, Skill India, Sansad Adarsh Gram Yojana, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), National Institution for Transforming India (NITI) Ayog etc.).
 International Financial and Economic Organizations: International Monetary Fund (IMF), World Trade Organization (WTO), International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), United Nations Conference on Trade and Development (UNCTAD), Organization for Economic Cooperation and Development (OECD), Brazil, Russia, India, China and South Africa (BRICS).
 Economy of Himachal Pradesh:
 Demographic profile and Human resource, Sectoral distribution of Gross State Domestic Product (GSDP).
 Diversification in Agriculture and allied activities, Land tenure and size of land holdings.  Industrialization in the state.
 Skilled / Unskilled labour.
 Revenue generation with special reference to hydro potential, tourism, flora and fauna.
 Cottage and Small Scale Industries.
 Tax base, Pros and Cons of Special Category status.
 Appraisal of education, Health, Physical and Financial Infrastructure Development.
Note:—All the topics / subjects covered under SUB UNIT-3 are relevant to the State of Himachal Pradesh.
 Applications of space technology in natural resources, development and communications.
 Important missions and programmes of Department of Space and Indian Space Research Organization.
 Historical evolution of Indian Space programme. Lunar, interplanetary and Earth Observation Missions.
 Remote Sensing and Communication satellites. Applications of Remote sensing and Geographic Information System (GIS) for natural resources monitoring and applications benefiting common man.
 Developments in energy sectors such as Hydro power, non conventional sources of energy and nuclear energy including policies, programmes and research base in the country.
 Concepts of non conventional, renewable, clean and environment friendly energy sources. Role of energy in sustainable development.
 Modern and emerging technologies and initiatives in the State of Himachal Pradesh Including biotechnology policy, research, vision, scope and applications for developing horticulture, medicinal and aromatic plants resources of the State.
 IT policy of Himachal Pradesh and its role in governance, concept of Himachal State Wide Area Network (HIMSWAN), State plans of e-governance, concept of LokMitra Kendra and Aryabhatta Geo-Informatics Space Application Centre (AGISAC).
 State Biodiversity strategy and Action Plan. Endangered and threatened species of Himachal Pradesh. Factors responsible for Bio diversity decline in Himachal Pradesh.
 Relevance and role of Intellectual Property Rights, Geographical Indications and Traditional wisdom and knowledge in sustainable development of the State.
Note:— All the topics / subjects covered under SUB UNIT-3 are relevant to the State of Himachal Pradesh.
 Issues, concerns, policies, programmes, conventions, treaties and missions aimed at environment protection, and dealing with the problem of climate change.
 State of environment reports. Environment protection and pollution control Act and rules.
 Environment Impact Assessment.
 National Action plans on Climate Change.
 Himalayan ecology, biosphere reserve, Science and economics of climate change.
 Social and ethical issues in use of Biotechnology.
Suggested Readings: Environemt (Shankar)
 Latest developments in science and technology for harnessing agriculture, horticulture, medicinal and herbal resources in the country.
 National mission for sustainable agriculture, mission for integrated development of horticulture.
Concept of organic farming, seed certification, rain water harvesting, techniques of irrigation and soil conversations and soil health cards.
 Tourism policy, potential and initiative in Himachal Pradesh.
 Types of tourism: religious, adventure, heritage, Important tourist destinations in Himachal Pradesh.
 Social, Economic and Cultural implications of Tourism.
 Concept of Eco-Tourism and green tourism and their role in sustainable development of the State.
 Environmental concerns of tourism industry, both positive and negative effects including climate change with reference to Himachal Pradesh.
Note:— All the topics / subjects covered under SUB UNIT-3 are relevant to the State of Himachal Pradesh.
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