UNIVERSITY OF DELHI
DELHI SCHOOL OF
ECONOMICSDEPARTMENT OF
ECONOMICS
Minutes of Meeting
Course : Indian Economy ECON030
Date of Meetings : 15 March, 2023
Venue : Department of Economics, Room 117
Convenor : Dr Manish Kumar and Rohit Parasar
Attended by :
Teacher Name College Name
Shanta Rani Kerketta Lady Irwin College
Saumya Shukla Maharaja Agrasen College
Unit 1: Historical and general overview of Indian economy since Independence (05 Hours)
Balakrishnan, P. (2010). Understanding Economic Growth. In Economic growth in India: History and
prospect. Oxford University Press.
Ahmed, S. and Varshney A. (2012). Battles Half Won: Political Economy of India's Growth and
Economic Policy Since Independence. In C. Ghate (ed.), The Oxford Handbook of the Indian Economy,
Oxford Handbooks
Balakrishnan, P. (2007). The recovery of India: Economic growth in the Nehru era. Economic and
Political Weekly. (Suggested Reading)
Unit 2: Growth and structural change (09 Hours)
Rakshit, M. (2011). The Pre-reforms Indian Economy: Plan Strategy, Development Experience, and
the Payments Crisis. In Macroeconomics of Post-reform India. Oxford University Press
Rakshit, M. (2011) Some Macroeconomics of India's Reforms Experience. In Macroeconomics of Post-
reform India. Oxford University Press
Mohan, R. (2019). Moving India to a new growth trajectory: Need for a comprehensive big push.
Brookings India Research Paper.
Ahluwalia, M. S. (2019). India's economic reforms: Achievements and next steps. Asian Economic
Policy Review.
Bosworth, B., Collins, S. M., & Virmani, A. (2007). Sources of growth in the Indian economy.
(Suggested Reading)
1
Unit 3: The Indian economy in a comparative perspective (09 Hours)
Kan, K., & Wang, Y. (2012). Development Patterns in China and India: Perspective with A Ces
Production Function. In C. Ghate (ed.), The Oxford Handbook of the Indian Economy, Oxford
Handbooks
Dreze, J., & Sen, A. (2002). India in Comparative Perspective. In India: Development and participation.
Oxford University Press.
Jha, P., & Negre, M. (2007). Indian economy in the era of contemporary globalisation: Some core
elements of the balance sheet. Centre for Economic Studies and Planning, Jawaharlal Nehru
University, New Delhi, India. https://www.macroscan.org/anl/may07/pdf/Indian_Economy.pdf
Unit 4: Key issues: poverty, inequality, education, health and gender (09 Hours)
Jha, R., & Sharma, A. (2019). Poverty and inequality: redesigning intervention. In Goyal A. (ed.) The
Oxford Handbook of the Indian Economy in the 21st Century: Understanding the Inherent Dynamism. Oxford
University Press.
Deshpandey, A. (2019). Caste, Class, Gender: Dynamism or Stasis?. In Goyal A. (ed.) The Oxford
Handbook of the Indian Economy in the 21st Century: Understanding the Inherent Dynamism. Oxford
University Press.
GOI (2014). Executive Summary Report of the Expert Group to Review the Methodology for
Measurement of Poverty (Rangarajan Committee report), 1-5
Deaton, A., & Drèze, J. (2009). Food and nutrition in India: facts and interpretations. Economic and
political weekly, 42-65.
Patnaik, U. (2010). A critical look at some propositions on consumption and poverty. Economic
and Political Weekly, 74-80.
Kingdon, G. G. (2007). The progress of school education in India. Oxford Review of Economic
Policy.
Unit 5: Agriculture, industry, services and international trade (09 Hours)
Dev, S. M., Mishra, S., & Pandey, V. L. (2019). Agriculture in India: Performance, Challenges and
Opportunities. In A. Goyal (ed.) The Oxford Handbook of the Indian Economy in the 21st Century:
Understanding the Inherent Dynamism, Oxford University Press.
Jha, P. (2016). Persistent Informality: Causes and Consequences. In Labour in Contemporary India.
Oxford University Press.
Desai, S. (2015). Demographic deposit, dividend and debt. The Indian Journal of Labour
Economics.
GOI (latest available year). Chapter on External Sector In Economic Survey (latest).
Nagaraj, R. (2017). Economic reforms and manufacturing sector growth: Need for reconfiguring the
industrialisation model. Economic and Political Weekly.
Thomas, J. J. (2020). Labour Market changes in India, 2005-18. Economic and Political Weekly.
(Suggested Reading)
Subramanian, A., & Felman, J. (2022). India's Stalled Rise: How the State Has Stifled Growth.
Foreign Aff., 101, 139. (Suggested Reading)
James, K. S., & Goli, S. (2016). Demographic changes in India: Is the country prepared for the
challenge. Brown J. World Aff. (Suggested Reading)
