NCERT Class 9 Syllabus: Finance, Taxes and Startups Added To Economics Textbooks

NCERT Syllabus: The NCERT has made significant changes to the Class 9 syllabus. Students in Class 9 will now learn not only traditional theories but also the fundamentals of finance and business. The NCERT has added two important chapters to the economics section of the new social science textbook (Part 2). Sanjeev Sanyal, a renowned economist and member of PM Modi’s Economic Advisory Council, shared details about this change. He stated that business activities and innovation are now explained in a very positive way in these books. These topics will play several important roles in children's lives and prove useful in real-life skills.

Students Will Learn Finance Management
In this new chapter, students will be taught about financial management from an young age, so that they can learn to make financial decisions right away. In this, chapter, students will gain knowledge about fixed deposits (FDs), mutual funds, bonds, stocks, and government savings schemes. Apart from this, children will also be given information about investment and returns. Furthermore, they will also be explained the effects of inflation and compounding.

Information Regarding Loans and EMIs Will Also Be Provided
In this new chapter, children will be also be given complete information about loans and credit card systems. Additionally, children will be explained about loan EMIs. Children will also be taught the difference between direct and indirect taxes. Besides this, knowledge about income tax and tax slabs will be imparted.

Children Will Learn the World of Startups
In this new chapter, children will learn in detail about how new business ideas function. They will also be provided with information on how to start a startup and how it operates. In this chapter, children are asked to imagine that young entrepreneurs are setting up a lemonade stand at a fair.  They are explained the selling prices and materials, along with a detailed explanation of profit. At the same time, children are given information about all these things using the example of a bakery store.