Indian Economy-II

Paper Code: 
ECO 202
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

1. To examine the issues related to growth of Indian economy, its planning and economic reforms.

2.To acquaint the students with foreign trade of India.

3.To introduce important areas of concern related to Indian Economy like poverty, income inequality, unemployment, regional imbalance, rising prices and black money.

Course Outcomes (COs):

Course

 Outcome (at course level)

Learning and teaching strategies

Assessment Strategies 

Paper Code

Paper Title

ECO 202

Indian Economy-II

CO 12:Students will understand the process of economic planning in India.

CO 13:Students willinterpret the various measures of economic reforms.

CO 14:Students willexamine the causes and remedies of various problems faced by the Indian economy like poverty, inequality, unemployment, inflation and black money

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

 

Learning activities for the students:

Presentations, Assignments and Group discussions.

Class activity, Assignments and Semester end examinations.

 

9.00
Unit I: 
Economic Planning in India
  • Planning in India: features, objectives, broad achievements and failures;
  • Twelfth five-year plan: objectives, achievements and failures.
  • NITI Aayog

 

9.00
Unit II: 
Economic Reforms
  • Need for economic reforms;
  • Macroeconomic Stabilization- Control of Inflation, fiscal adjustment, balance of payments adjustment;
  • Structural adjustments- trade and capital flow reforms, industrial deregulation, disinvestment and financial sector reforms

 

9.00
Unit III: 
External Sector
  • Trends in exports and imports;
  • Composition of India’s foreign trade;
  • Direction of India’s foreign trade;
  • Role of Multinational corporations (MNCs).

 

9.00
Unit IV: 
Important areas of concern -I
  • Poverty;
  • Income Inequality;
  • Unemployment;
  • Unemployment and Poverty Eradication Programmes: MGNREGA, PMEGP NRLM & NULM

 

9.00
Unit V: 
Important areas of concern - II
  • Regional imbalances – Indicators, causes & measures undertaken;
  • Rising prices – causes & measures to control;
  • Black Money – factors responsible & measures to control;

 

Essential Readings: 
  • Datt, G. and Mahajan, A., Datt&Sundharam’s Indian Economy, S.Chand and Company Limited, New Delhi (latest edition).
  • Puri,V.K  and Misra, S.K.,  Indian Economy, Himalaya Publishing House (latest edition).

 

References: 
  • Kapila, Uma, Indian Economy since Independence, Academic Foundation (latest edition).
  • Govt. of India, Economic Survey, Economic Division, Ministry of Finance, New Delhi (latest).

 

Academic Session: 
2021-22
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