INDIAN ECONOMY

Paper Code: 
DFSG 503 A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course outcome (COs):

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

 

CO 111: Examine the features of the Indian economy and explore its position in the world economy.

CO 112: Critically evaluate the challenges and constraints in the economic development of the country

CO 113: Explore the significance of economic planning needed for various economic reforms in the development of the economy.

CO 114: Examine the role of different public sector undertakings and interpret the structural adjustments required for economic development.

CO 115: Critically evaluate the present foreign trade policy adopted by the Indian government with reference to the composition and direction of India’s Foreign trade.

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.     

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Class tests, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
Basic Issues and Features of the Indian Economy

Concept and measures of development and underdevelopment,
Basic Features of the Indian Economy,
Causes of underdevelopment of the Indian Economy,
India as a Mixed Economy,
Various Economic indicators and India’s Position in World Economy.

12.00
Unit II: 
Issues of the Indian Economy

Unemployment: Meaning, Types, Causes, and Remedies to remove unemployment: E-NAM, Make in India.
Population: Main Features of the latest census, Demographic profile, and Health Policy. Population Growth as a retarding factor to Economic Development, Present National Population Policy
Demographic constraints in economic development: interaction between population change and economic development.

12.00
Unit III: 
Economic Planning and Policy Regimes

Economic Policies- Meaning, Objectives, Components of Economic policies. with their implications on the economy
Economic reforms since 1991, Privatization, Liberalization and Globalization
Economic Planning in India: features, objectives, broad achievements and failures; 
NITI Aayog

12.00
Unit IV: 
Industry and Financial Sector

Industry
Industrial growth during the planning period ;
Present industrial policy (1991); features and current reforms.
Importance, growth and problems of Micro,Small and Medium Enterprises;
Role and problems of Public sector in India.
Financial Sector:
Structure, Performance and Reforms
Role of Financial sector in Economic Development

12.00
Unit V: 
External Sector

Trends in exports and imports;
Composition and Direction of India’s foreign trade;
Recent trends in Export-Import Policy,
Balance of Payments; Features and components., India’s Balance of Payment.

Essential Readings: 

Swami & Gupta ,“Economic Environment in India” ,RBD,Jaipur
Sundaram&Dutt, “Indian Economy” ,S Chand & Sons, New Delhi
N.D Mathur: Economic Environment in INDIA, Shivam book house(P)ltd , Jaipur
A N Agarwal , “Indian Economy”, New India International Ltd, Chennai

References: 

SUGGESTED REFERENCE BOOKS:
Mathur, Mishra, Vyas – “Economic Environment in India”, RBSA Publication, Jaipur
A N Agarwal , “Indian Economy”, New India International Ltd, Chennai
Mishra Puri , Indian economy ,Himalaya publishing house
PratiyogitaDarpan : General Studies (Indian Economy)

E Resources:
Economic Reforms in India since 1991, Monika Kashyap, Mahindra, https://etext.sagepub.in/etext
BabuKuruva
Rural Development: Principles, Policies, and Management, 4e, Katar Singh & Anil
Shishodia, https://etext.sagepub.in/etext
National Digital Library
World Ebook Library
https://courses.lumenlearning.com/boundless-economics/
https://censusindia.gov.in/
https://fincomindia.nic.in/
http://www.niti.gov.in/
https://finmin.nic.in/

REFERENCE JOURNALS
International Journal of Rural Management, http:// sagepub.com
FIIB Business Review- http:// sagepub.com
Vikalpa : http:// sagepub.com
Directory of Open Access Journals

Academic Year: