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Economics

This course introduces students to the essential features of the Indian economy and its planning process. It aims to provide insight into India's agricultural and industrial development and the problems and policies related to these sectors. The course covers the introduction of the Indian economy, its colonial history, key demographic trends, the role and challenges of agriculture and industrialization, the growth and composition of the services sector, and current economic challenges such as unemployment and income inequality facing India. It is divided into five modules covering these topics and includes recommended reading materials for further study.

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168 views2 pages

Economics

This course introduces students to the essential features of the Indian economy and its planning process. It aims to provide insight into India's agricultural and industrial development and the problems and policies related to these sectors. The course covers the introduction of the Indian economy, its colonial history, key demographic trends, the role and challenges of agriculture and industrialization, the growth and composition of the services sector, and current economic challenges such as unemployment and income inequality facing India. It is divided into five modules covering these topics and includes recommended reading materials for further study.

Uploaded by

manish bharas
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Generic Elective I: Indian Economy

Course Description: This paper introduces the students to the essentials of Indian
economy with an intention of understanding the basic feature of the Indian economy
and its planning process. It also aids in developing an insight into the agricultural and
industrial development of India. The students will understand the problems and
policies relating to the agricultural and industrial sectors of India and current
challenges of Indian economy.

Module I: Introduction to Indian Economy


Colonialism & British Rule: Exploitation and under-development in India;
Basic features of India Economy; Indian Economy as a developing economy;
Demographic trends in India - Size and growth of population, Occupational
structure, Sex composition, Age structure and demographic dividend; Causes
of population growth and population policy

Module II: Indian Agriculture


Role of agriculture in Indian Economy; Cause of low productivity, Green
Revolution and Land Reforms, Agricultural Finance-Sources and Problems;
Agricultural Marketing in India

Module III: Industrial Development in India


Role of Industrialisation in Indian Economy; Small Scale & Cottage Industries:
Meaning, Role, Problems and Remedies; Industrial Policies of 1948, 1956, 1977
and1991; Problems of Industrial Development in India; Industrial Sickness

Module IV: Service Sector in India


Growth & Contribution to GDP; Composition and relative importance of service
sector; Factors determining growth of the sector; ICT and IT – Spread and
Policy; Sustainability of services led growth

Module V: Current Challenges facing Indian Economy


Unemployment – Meaning; important employment Generation programmes,
MGNREGS; Inequality in income distribution-Causes thereof; Government
policy to check its growth

Basic Readings:
1. Kapila U. Indian economy since Independence. Academic Foundation,
New Delhi
2. Misra, S. K. and Puri V. K. Indian Economy — Its Development
Experience. Himalaya Publishing House, Mumbai
3. Dutt R. and Sundharam K. P. M. Indian Economy. S. Chand & Company
Ltd., New Delhi.
4. Agarawala, A. N. Indian Economy, New Age Publications, New Delhi
5. Panagariya, Arvind (2008): India: the Emerging Giant, Oxford University
Press, New York
6. Acharya, S. and Mohan, R. (Eds.) (2010): India’s Economy: Performance
and Challenges, Oxford University Press, New Delhi.
7. Ahluwalia, I. J. and Little, I. M. D. (Eds.) (1998): India’s Economic
Reforms and Development: Essays for Manmohan Singh, Oxford
University Press, New Delhi.

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