M.A.
ECONOMICS, SEMESTER – IV
(OPEN ELECTIVE)
ECO – 406, INDIAN ECONOMY
Module- 1 Introduction: Indian Economy during British rule, Commercialization of
Agriculture, Process of Industrialization. Composition of Foreign Trade, GNP and Occupation,
Trends in NI Growth & Structure; Physical Quality Life Index (PQLI), Human Development
Index (HDI): GEM Nature and Magnitude of Workforce and Unemployment, Poverty and
Inequality.
Module – 2 Agriculture Sector and land Reforms, agriculture finance and marketing. Planning
in India – Objectives and Strategy of Planning. Over – View of Indian Economy, Regional
Planning in India; Role of Public Sector in Resource Mobilization.
Module -3 Industrial Sector- Industrial policies, Public and Private sector performance, Growth
and pattern of industrialization, Small Scale sector, Privatization, Disinvestment and Exit Policy.
Module -4 Fiscal Federalism- Central state financial relations, finances of Central and state
governments- Parallel economy, fiscal sector reforms in India, Monetary and Credit policies and
financial sector reforms in India.
Module – 5 Economic Reforms: Changing Role of State; Globalization of Indian Economy,
WTO and its Impact, National agenda for Governance. Issues in Export – Import Policy and
Foreign Exchange Management Act (FEMA); Exchange Rate Policy, Foreign Capital and MNCs
in India; Trade Reforms in India.
Basic Reading List
1. Mishra and Puri (2015) Indian Economy, by Himalaya Publishers.
2. U. Kapila, (2015) Indian Economy Performance And Policies 16/E published by
Academic foundation, New Delhi.
3. Dutt and Sundaram (2004) Indian Economy, published by S. Chand Publishers.
4. Ahluwalia, I.J. and I.M.D. Little (Eds.) 1999), India’s Economic Reforms and
Development (Essays in honor of Man Mohan Singh), Oxford University Press, New
Delhi.
5. Bardhan, P.K. (9th Edition) (1999), The Political Economy of Development in India,
Oxford University Press, New Delhi.
6. Bawa, R.S. and P.S.Raikhy (Ed). (1997), Structural Changes in Indian Economy, Guru
Nanak Dev University Press, Amritsar.
7. Brahmananda, P.R. and V.R. Panchamukhi (Eds) (2001), Development Experience in the
Indian Economy: Inter-State Perspectives, Bookwell, Delhi.
8. Chakravarty, S. (1987), Development Planning: The Indian Experience, Oxford University
Press, New Delhi.
9. Dantwala, M.L.(1996): Dilemmas of Growth: The Indian Experience, Sage Publications,
New Delhi.
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