Course Details
Subject {L-T-P / C} : HS5465 : Indian Economy { 3-0-0 / 3}
Subject Nature : Theory
Coordinator : Prof. Bikash Ranjan Mishra
Syllabus
UNIT – I INTRODUCTION
Key concepts of Economic Systems, Economic Growth and Development, Evolution of Indian Economy, Economic Planning and Indian Planning story, Economic Reforms
UNIT – II SECTORAL DEVELOPMENT
Agriculture and Food Management, Industry and Infrastructure, Services Sector, External Sectors, International Economic Organizations and India
UNIT – III INDIAN FINANCIAL MARKET
Banking System, Insurance Industry and Securities Market
UNIT – IV FISCAL AND MONETARY POLICIES
Indian Public Finance, Tax Structure in India RBI and monetary policies
UNIT – V CONTEMPORARY ISSUES
COVID-19 and Indian Economy, Universal Healthcare, Demonetization, Universal Basic Income, Farm indebtedness and Agripolicy.
Latest Economic Survey and Union Budget.
Course Objectives
- To critically understand modern India's economic growth trajectory, economic policies, and institutional reforms.
- To have an in-depth analysis of the sectoral contributions of India's agriculture, industry, and service sectors.
- To recognize the significant economic challenges and opportunities with the Indian Financial system.
- To be acquainted with the contemporary socio-economic issues and a thorough reading of the recent economic survey and budget discussion.
Course Outcomes
1. CO1: Possess knowledge about Indian economic problems in the light of relevant economic theories and in a comparative perspective. <br />2. CO2: Appreciate the evolution of the Indian economy, its institutional framework, and planning policy. <br />3. CO3: Understand the significance of primary, secondary, and tertiary sectors. <br />4. CO4: Be familiar with fiscal and monetary policy details. <br />5. CO5: Know about the latest economic positioning of India with present economic problems.
Essential Reading
- 1. Ramesh Singh (2022), Indian Economy for civil services and other competitive examinations, McGraw Hill Education (India) Private Limited, Noida, UP
- 2. Uma Kapila (2022), Indian Economy: Performance and Policies, 23rd Edition, Academic Foundation.
Supplementary Reading
- 1. I.C. Dhingra (2018), The Indian Economy: Environment and Policy, 30th Edition, Sultan Chand and Sons Pvt Ltd.
- 2. Pratiyogita Darpan Special issue (2022), General Studies Indian Economy, 2. Pratiyogita Darpan