Introduction to Business Environment: Socio Economic, Political, Legal Environment, Components
and Significance, Factors Influencing Business Environment. Economic Environment
and Business Fluctuations: Structure and Dimensions of Economy, Agriculture, Industry and Service
Sector, Agricultural Price Policies and Subsidies, PDS, Industry Policy Evolution, Licensing, Regulatory
& Promotional Framework, Privatisation & Disinvestment, National Economic Planning and Policies,
Economic Reforms, Inclusive Growth. Economic Policies and Business Environment: Fiscal Policy,
Union Budget, Public Debt Crisis and Management, Monetary Policy, Money Supply, Money
Demand, Operating Framework, Inflation, Cause, Consequence & Remedial Measures. International
Environment of Business: International Trade, Balance of Payment. Exchange Rate: Determination, Regimes, Currency Convertibility. Bilateral & Multilateral Trade: GATT, WTO, TRIPS, TRIMS, SAARC. Business Law: Indian Contract Act, the Sale of Goods Act, the Companies Act, the Consumer Protection Act, Patents Law and Enforcement,
Negotiable Instruments Act.

The paper will enable the students to understand the influence of Environmental Factors and Legal
Dimensions of Business Operations.

The paper will enable the students to understand the influence of Environmental Factors and Legal
Dimensions of Business Operations.

Palwar, V. K., Economic Environment of Business., Prentice Hall of India.

Kapoor, N. D., Business Law (5thed.)., Sultan Chand publishers.

Joshi, V., & Little, I. M. D, India’s Economic Reforms, 1991 – 2001., Oxford University Press

Tulsian, P.C., Business law (2nded.)., Tata McGraw Hill Publishing Company Ltd.