DBB3112 ECONOMIC PLANNING JULY-AUG 2025

Description

SESSION	JULY-AUG 2025
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	05
COURSE CODE & NAME	DBB3112 ECONOMIC PLANNING

 

 

Assignment Set – 1

 

 

1. Elaborate in detail on the Marxian Theory and Schumpeterian Theory of Economic Development. 5+5

Ans 1.

The Marxian and Schumpeterian Theories of Economic Development

Economic development has been one of the central themes in economic thought, with various theorists offering distinct perspectives on its causes and processes. Among them, Karl Marx and Joseph Schumpeter stand out for presenting two contrasting yet influential theories — the Marxian theory emphasizing class struggle and capital accumulation, and the Schumpeterian theory highlighting innovation and entrepreneurship as engines of growth. Both perspectives

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2. a. Comment on to the 5 years trends of national income estimate in India.
3. Discuss your views on economic development and environmental degradation. 5+5

Ans 2.

(a) Five-Year Trends of National Income Estimates in India

National income reflects the total value of goods and services produced within a country and serves as a key indicator of economic progress. In India, national income trends over the last five years reveal both resilience and challenges, reflecting the impact of global events, policy reforms, and structural changes in the economy.

Recent Five-Year Trends

Between 2019–20 and 2023–24, India’s national income exhibited fluctuations primarily due

 

 

3. Discuss the concept of democratic socialism in India. 10

Ans 3.

Concept of Democratic Socialism in India

Democratic socialism is a socio-economic philosophy that blends political democracy with social and economic justice. It seeks to achieve equality and welfare without sacrificing individual freedom or democratic governance. In the Indian context, democratic socialism has been a guiding principle of national policy since independence, shaping economic

 

 

Assignment Set – 2

 

 

4. Outline the important highlights of five-year plans in India (from Ist to XIth plan) 10

Ans 4.

Introduction

India adopted the concept of Five-Year Plans after independence to achieve balanced economic growth and social justice. Modeled after the Soviet planning system, these plans were implemented under the guidance of the Planning Commission (1950–2014). Each plan set specific objectives reflecting the nation’s developmental priorities at that time.

The Early Five-Year Plans (1951–1974)

The First Five-Year Plan (1951–56) emphasized agriculture, irrigation, and energy, as India faced severe food shortages. Its success stabilized the economy and achieved an annual

making in the direction of progress that is both equitable and maintainable.

 

5. a. Write a note on estimation of employment in India and the steps taken by government to facilitate employment.
6. Share your views on impact of black income on society and nation. 5+5

Ans 5.

(a) Estimation of Employment and Government Initiatives in India

Employment estimation provides essential insights into the labor market and economic well-being of a country. In India, employment is measured through surveys conducted by the National Sample Survey Office (NSSO) and more recently by the Periodic Labour Force Survey (PLFS). These estimates help policymakers design programs to reduce unemployment

 

 

6. a. Discuss the features and contribution of unorganized sector in Indian economy.
7. Explain the Indian public finance and fiscal policy in detail. 5+5

Ans 6.

(a) Features and Contribution of the Unorganized Sector in the Indian Economy

The unorganized sector refers to small and informal enterprises that operate outside the regulatory and tax framework of the government. It includes self-employed workers, daily wage earners, and small-scale units engaged in agriculture, construction, retail, and domestic services. Despite limited recognition, this sector is the backbone of India’s labor market.

Features of the Unorganized Sector

The unorganized sector is characterized by low capital investment, labor-intensive