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Swayam

Indian Economic Development

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Overview

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ABOUT THE COURSE:This course on Indian Economic Development has been envisaged as a multi-disciplinary course aimed at providing an overview of the history and sectoral characteristics of our economy. This 12 week course which is made up of 12 modules covers various aspects of the economic fallout of British rule, the emergence of planning in our country and the evolving characteristics of agriculture, industry, and services sector. It also includes an intensive discussion of the social sector policies in India as well as their efficacy. Every effort has been made to include the current debates around the sectoral patterns of the Indian economy. This course will prove useful for UG Students from the Social Sciences stream studying the paper of Indian Economy at a formal level, PG Students who want to refresh the basic concepts of Indian Economy, and students from any other discipline under NEP 2020, who want to learn about Indian Economic Development as a Multi- Disciplinary course. In addition, it will also be of help to policy makers in the field.INTENDED AUDIENCE:UG Students from the Social Sciences stream studying the paper of Indian Economy at a formal level, PG Students who want to refresh the basic concepts of Indian Economy, and students from any other discipline under NEP 2020, who want to learn about Indian Economic Development as a Multi Disciplinary course. This course will also be of help to policy makers in the field.PREREQUISITES: NoneINDUSTRY SUPPORT:Not Applicable

Syllabus

Week 1:Evolution of Indian Economic Development - I
  • Economic History of India (Till 1857)
  • Economic History of India (1857-1947) -I
  • Economic History of India (1857-1947) -II
  • Emergence of Planning in India
  • Development of Planning exercise in India and Plan models- shift in focus over time - I
Week 2:Evolution of Indian Economic Development - II
  • Plan models- shift in focus over time II
  • Plan models- shift in focus over time III
  • Plan models- shift in focus over time IV
  • Critique of Plan Models (with special reference to Nehru- Mahalanobis Model)
  • Planning Commission v/s NITI Aayog and the Way Forward
Week 3:Evolution of Indian Economic Development - III
  • Background of the Crisis of 1991
  • Crisis of 1991 - I
  • Crisis of 1991 -II
  • New Economic Reforms- I
  • New Economic Reforms- II
Week 4:Sectoral Performance- Characteristics, Performance, Composition and Determinants I
  • Trends and Patterns of Industrial Growth since Independence
  • Industrial Policy Resolution 1948 & and IDRA 1951
  • Industrial Policy Statement 1956 & 1977
  • Industrial Policy Statement 1980 & 1991
  • Public Sector and Disinvestment.

Week 5:Sectoral Performance- Characteristics, Performance, Composition and Determinants II
  • Introduction to MSME Sector
  • Challenges and Policies of MSME Sector
  • Industrial Credit
  • MRTP to Competition Act, Delicensing
  • Industry 5.0
Week 6:Sectoral Performance- Characteristics, Performance, Composition and Determinants III
  • Trends in Agricultural Production and Productivity
  • Land Reforms : Genesis, Objectives and Importance
  • Land Reforms: Strategy Decoded
  • Land Reforms: Critical Evaluation
  • The Relationship between Farm Size and Productivity in India
Week 7:Sectoral Performance- Characteristics, Performance, Composition and Determinants IV
  • Green Revolution: Importance and Strategy
  • Green Revolution : Critical Appraisal
  • Strategy of Doubling Farmers’ Income and Related Policies
  • Minimum Support Price in Indian Agriculture
  • Subsidies in Indian Agriculture ( with special reference to Fertilizer Subsidy)

Week 8:Sectoral Performance- Characteristics, Performance, Composition and Determinants V
  • E Nam : One Nation, One Market
  • Role of FPOs in Agricultural Development
  • Genetically Modified Seeds in India and their Critique
  • The Protection of Plant Varieties and Farmers Rights Act
  • Organic Agriculture in India

Week 9:Sectoral Performance- Characteristics, Performance, Composition and Determinants VI
  • Sustainable Agriculture in India
  • WTO Agreement on Agriculture and its Implications for India
  • Climate Change and Indian Agriculture
  • Growth of Service Sector in India
  • Growth of Service Sector in India (with special to Leap Frog Growth)

Week 10:Social Sector in India- Components and Trends
  • Characteristics of Social Sector and its role in Economic Development
  • Measuring Human Development I ( HDI, GDI )
  • Measuring Human Development II ( GEM, Social Development Index and SDG index)
  • Policies and Challenges in School Education-I
  • Policies and Challenges in School Education-II

Week 11:Components of Social Sector and Social Safety Net Programmes
  • National Health Policy ( 1983,2002 and 2017 - Salient Features)
  • National Family Health Survey: Basic idea
  • Social Safety Net Programs - I
  • Social Safety Net Programs - II
  • Social Safety Net Programs - III

Week 12:Social Sector in India- III
  • Unemployment in India- I (Basic Concepts)
  • Unemployment in India- II (Trends, Structures and Types)
  • Unemployment in India- III (Government Policies)
  • Public Distribution System
  • MNREGA and Right to Employment

Taught by

Dr. Amisha Gupta, Dr. Padmini Ravindra Nath

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