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This text-book presents and discusses comprehensively, the economic environment and policies having an impact on business. With rich pedagogy and easy-to-understand presentation, it will be extremely useful for the students of business management. It will be equally useful for students of other disciplines like commerce and economics where this course is taught, and also as a general reference material for the practicing managers. About The Author Justin Paul, Faculty, University of Washington Foster School of Business Parul Gupta, Assistant Professor, Army Institute of Management & Technology, Greater Noida Table Of Contents PART I - The General Framework 1. Business and its Environment 2. Social Responsibility of Business and Corporate Governance 3. Macro-economic Framework 4. Growth and Development of Economy Case(s) – The General Framework PART II- The Indian context Section A - Business Environment in India 5. Political, Cultural and Demographic Environment 6. Legal Environment 7. Economic Environment 8. Planning in India Case(s) – Business Environment in India Section B - The Policy Framework 9. Monetary Policy 10. Fiscal Policy 11. Agricultural Policy 12. Industrial Policy 13. Foreign Trade Policy and Liberalization 14. Labour Market and Reforms Case(s) – The Policy Framework Section C - The Financial System 15. Indian Financial System and Financial Institutions 16. The Capital Market and Stock Exchange 17. Balance of Payments Case(s) – The Financial System Section D – New Trends 18. Infrastructure and Economic Environment 19. Public Sector, Privatization and Disinvestment 20. Foreign Investment and MNCs 21. Mergers and Acquisitions Case(s) - New Trends PART III - The Global Context 22. Globalization and its Impact 23. International Institutions 24. World Trade Organization 25. Global Outsourcing 26. Global Recession and Economic Environment Case(s) - The Global Context