INDIAN ECONOMY-I

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

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.

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, G. and Mahajan, A., Datt&Sundharam’s,Indian Economy, S.Chand and Company Limited,73rd edition, 2021,

2.      Puri,V.K  and Misra, S.K., Indian Economy, Himalaya Publishing House Pvt. Ltd. 39th edition, 2021.

References: 

1.      Kapila, Uma, Indian Economy since Independence, Academic Foundation, 31st edition, 2020.

2.      Govt. of India, Economic Survey, Economic Division, Ministry of Finance,2022.

Academic Session: