GENERIC ELECTIVES (GE-6):INDIAN ECONOMY
CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE
Semester Course title & Credits Credit distribution of the Eligibility Pre-
Code course criteria requisite
Lecture Tutorial Practical/ of the
Practice course
II/IV/VI/VIII IndianEconomy 4 3 1 0 Class XII NIL
ECON030 pass
Learning Objectives
The Learning Objectives of this course are as follows:
• This course introduces the economic problems related to the Indian economy by familiarizing them with
the research studies on areas relating to economic development and policy in India with an emphasis on
contemporary debates.
Learning outcomes
The Learning Outcomes of this course are as follows:
• The students will be able to learn the development paradigm adopted in India since
independenceandevaluateitsimpactoneconomicaswellassocialindicatorsofprogress.
• Students will have the ability to explore current policy debates and contribute to policy making in an
informed way using relevant databases.
• They will also learn how to conductindependentresearchintheseareas
SYLLABUS OF GE-3
Unit 1 : Historical and general overview of Indian economy since Independence (9 hours)
Unit 2 : Growth and structural change (9 hours)
Unit 3 : The Indian economy in a comparative perspective (9 hours)
Unit 4 : Key issues: poverty, inequality, education, health and gender (9 hours)
Unit 5 : Agriculture, industry, services and international trade (9 hours)
Practical component (if any) - NIL
Recommendedreadings
– Kumar, Dharma (2005) ed the article on The Indian Economy 1970 to 2003 in revised
version of CEHI VolII
– Balakrishnan, Pulapre(2010) Economic Growth in India: History and Prospect. OUP.
– Rakshit, Mihir (2011) Macroeconomics of Post-reformIndia. OUP
– Rakshit, Mihir (2010) Money and Finance in the Indian Economy.OUP
– Goyal, Ashima(ed) (2015 )A Concise handbook of Indian Economy in the 21st Century.OUP
– Ghate,Chetan(ed)(2012)TheOxfordHandbookofIndianEconomy.OUP.
– Bosworth, B., Collins, S. M., & Virmani, A. (2007). Sources of growth in the Indian
economy.
– Goyal, A. (Ed.). (2019). A Concise Handbook of the Indian Economy in the 21st
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Century.OxfordUniversityPress.
– Pulapre Balakrishnan, 2007, “The Recovery of India: Economic Growth in the Nehru Era”,
Economic and Political Weekly, November.
– RakeshMohan,2019,MovingIndiatoanewGrowthTrajectory:NeedforaCom-
prehensiveBigPush,BrookingsIndia,Section1and2,9-30.
– Ahluwalia,M.S.,2019,“India’seconomicreforms: AchievementsandNextSteps”,
Asian Economic Policy Review, 14(1), 46-62.
James, K.S., & Srinivas Goli, 2016, “Demographic Changes in India: Is the Country Prepared
for the Challenge?” Brown Journal of World Affairs, Fall/Winter 2016, Volume XXIII, IssueI.
Desai, S., 2015, “Demographic deposit, dividend and debt”, The Indian Journal of Labour
Economics, 58,217-232
Arvind Subramanian and Josh Felman (2021) India’s Stalled Rise-How the State Has Stifled
Growth, Foreign Affairson 14.12. 2021
Executive Summary, 2014, Report of the Expert Group to Review the Methodology for
Measurement of Poverty (Rangarajan Committee report), GOI,1-5
– Thomas, J. J. (2020). ‘Labour Market Changes in India, 2005–18’, Economic and Political
Weekly, 55(34),57
Note: Examination scheme and mode shall be as prescribed by the Examination Branch, University
of Delhi, from time to time.
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