INDIAN ECONOMY-I

Paper Code: 
ECO 124
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

The objectives of this course are-

  1. To make the students understand the development process of Indian economy since independence.
  2. To introduce the sector-specific policies and their impact on key economic indicators.
  3. To acquaint the students with the impact of planning and economic reforms in India.

 

Course Outcomes (COs):

Course

Outcome (at course level)

Learning and teaching strategies

Assessment Strategies 

Paper Code

Paper Title

ECO 124

Indian Economy-I

C08: Understand the process of development in India.

C09: Acquire knowledge of demographic features of Indian economy and direction and composition of foreign trade.

CO10: Comprehend the growth of national income, planning process and economic reforms in India.

Approach in teaching: Interactive Lectures, Discussion,  Case studies.

 

Learning activities for the students:

Presentations, Assignments and Group discussions.

Class activity, Assignments, Quiz and  Semester end examinations.

 

 

 

12.00
Unit I: 
Indian Economy on the Eve of Independence

Indian Economy in the Pre-British Period; Economic consequences of British conquest; Decline in the Indian Handicrafts and Progressive Ruralisation of the Indian Economy; The Land System during 1793-1850; Commercialization of Agriculture (1850-1947); Famines and Famine Relief in India; Progress of Industrial Transition in India; Colonial Exploitation: Forms and Consequences; Colonialism and Modernization

12.00
Unit II: 
Demographic Features & Infrastructure

Population Growth; Occupational Structure; Important Demographic indicators; National Population policy (2000);  Economic and Social Infrastructure

12.00
Unit III: 
Important Issues

Poverty; Inequality; Unemployment; Regional Imbalances; Parallel Economy

12.00
Unit IV: 
Foreign Trade

Composition and Direction; Balance of Payments; Foreign Capital and Aid; Export Import policy; Foreign Trade policy

12.00
Unit V: 
National Income, Economic Reforms and Planning

National Income : Growth & Structure; Economic Reforms; Planning In India : Objectives, Strategy, Failures & Achievements; Twelfth Five Year Plan; NITI Aayog

Essential Readings: 
  1. Datt, Gaurav and Mahajan Ashwani, Datt & Sundharam’s Indian Economy, S. Chand & Company Limited, New Delhi (latest edition).
  2. Puri, V.K.and S.K.Mishra,  Indian Economy, Himalaya Publishing House (latest edition).
  3. Kapila, Uma, Indian Economy since Independence, Academic Foundation (latest edition).
  4. Dhingra, I.C., The Indian Economy: Environment and Policy, Sultan Chand and Sons, New Delhi (latest edition).
  5. Economic Survey, Ministry of Finance, Govt. of India, New Delhi (latest).

 

Academic Session: 
2020-21
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