Indian Economic Environment The document discusses the Indian economic environment, including the objectives of economic policies such as guiding growth while controlling inflation and achieving full employment. It also discusses how the Indian economic era since independence can be divided into the pre-1991 pre-reform period and the post-1991 reform period which led to the liberalization of the Indian economy. Additionally, it briefly mentions the topic of inflation and the role of money in inflation.

1. INDIAN ECONOMIC ENVIRONMENT
Prepared
By
Nilesh Purvi
Sen Dakalia
Submitted to
Prof. Neelam Mam

2. What is Economics?
• Economics is a social science, it’s basic
function is to study how individuals,
households, firms and nations maximize their
gains from their limited resources.

3. Objectives of Economic Policies
• Guide growth while controlling Inflation
• Achieve full employment
• Steady growth of national income as measured
by output of goods and services
• Improve balance of payments by guiding
foreign trade and investment
• Reduce regional imbalances
• Reduce economic imbalance in society

4. Indian Economy today
• Indian economic era since independence can
be divided in two parts
Pre 1991 (pre reform period)
Post 1991 (reform period which led to
liberalization of Indian economy)

5. Inflation

6. Role of money in Inflation