Indian Economy

Paper Code: 
DECO 501 B
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

1.             To critically appraise current Indian economic scenario.

2.             To evaluate the sectoral development including agriculture, industry and services sectors in India.

3.             To appraise with important areas of concern like poverty, income inequality, unemployment and inflation

18.00
Unit I: 
Growth and structural changes

·         Characteristics of Indian economy as a developing economy

·         The current state of Indian economy

·         Trends in national income and per capita income

·         Structural composition of national income and employment

Growth  and regional disparities 

18.00
Unit II: 
Population and Human Development

·         Size and growth of population, theory of demographic transition

·         Demographic indicators – density, sex and age composition, life expectancy, literacy rate, Occupational distribution and rural urban distribution

·         Health and nutrition – IMR, MMR

·         Demographic dividend

·         Human resource development – indicators and importance of human resource development

·         New Education Policy 2020

·         National Population Policy 2000

18.00
Unit III: 
Agricultural Development

·      Indian agriculture: role and importance

·      Cropping pattern

·       Agricultural production and productivity

·      new agricultural strategies and green revolution

·      Land reforms

·      Agricultural inputs - irrigation, mechanization, fertilizers, pesticides & seeds

·       Agricultural credit

·      Agricultural marketing

·      Agricultural prices and agricultural price policy

18.00
Unit IV: 
Industrial and Services Sector

·         Trends in industrial production

·         Important large scale industries of India

·         Industrial Policy 1991

·         Make in India, Start up India

·         MSMEs

·         Privatization of public sector- disinvestment programme in India

·         Growth and contribution of services sector in India

·         Share of services in employment

18.00
Unit V: 
Current Challenges

·         Poverty – estimation and trends, poverty alleviation programs  

·         Income inequality – measurement and trends  

·         Unemployment – nature, estimates, trends, causes and employment generation strategy

·          Inflation – trend, causes, anti-inflationary measures

·         Black money – factors responsible & measures to control

Essential Readings: 

1.      Datt and Sundaram’s Indian Economy Datt Gaurav and Mahajan Ashwani  (latest edition), Indian Economy, S.Chand and Company Limited, New Delhi.

2.      Misra S. K.  and Puri V.K., (latest edition), Indian Economy, Himalaya Publishing House.

3.       Agarwal, A.N. and Agarwal M K (latest edition), Indian Economy: Problems of Development and Planning,  New Age International Pvt. Ltd. , New Delhi

References: 

1.      Kapila, Uma (Latest Ed.), Indian Economy since Independence, Academic Foundation

2.        Govt. of India, Economic Survey (Annual), Economic Division, Ministry of Finance, New Delhi

3.      Jean Dreze and Amartya Sen, Jean Dreze and Amartya Sen, 2013. An Uncertain Glory: India and its Contradictions, Princeton University Press

Academic Session: