Notes – Business Environment

Chapter 1


1. Gregory Mankiw, Principles of Economics, Thomson: South-Western, Div of Thomson Learning, 2006 and John Sloman, Economics, third edition, Prentice Economics, Europe: Prentice-Hall, 1999.

2. Adam Smith, An Inquiry into the Nature and Causes of Wealth of Nations, (New York: Random House, 1937).

3. Ibid.

4. World Bank, “New Global Poverty Estimates—What it means for India”.,contentMDK:21880725~pagePK:141137~piPK:141127~theSitePK:295584,00.html

5. Tata Services Limited, Statistical Outline of India 2008–09 Mumbai: Tata Services Limited, 2009, 266.

6. Census of India 2001, Series I, Paper I of 2001, Provisional Population Totals, Cited by Ruddar Datt and KPM Sundaram, Indian Economy (New Delhi: S. Chand & Company Ltd, 2009), 42.

7. Sukanta Mandal, “India Teeters on the Brink of Food Crisis”, Liberation, September 2009,

8. Commodity Online, “India milk output to reach 111 mtn by 2010,” Commodity Online, 17 September, 2008,

9. Ruddar Datt and KPM Sundaram, Indian Economy, New Delhi: S. Chand & Company Ltd, 2007.

10. Ibid.