Indian Economy Syllabus, B.Com 4th Sem Hons, Dibrugarh University CBCS Pattern

Indian Economy Syllabus
B.Com 4th Sem Hons
Dibrugarh University CBCS Pattern
B.Com. (Hons.): (CBCS)
Semester - IV
Paper-G 404: INDIAN ECONOMY
Lectures: 60 Tutorial: 5
Full Marks: 100 (Internal Assessment 20 + 80 End-Term)

Objective: This course seeks to enable the student to grasp the major economic problems in India and their solution.

Unit 1: Basic Issues in Economic Development

Concept and Measures of Development and Underdevelopment; Human Development

Unit 2: Basic Features of the Indian Economy at Independence

Composition of national income and occupational structure, the agrarian scene and industrial Structure

Unit 3: Policy Regimes

a. The evolution of planning and import substituting industrialization.

b. Economic Reforms since 1991.

c. Monetary and Fiscal policies with their implications on economy

Unit 4: Growth, Development and Structural Change

a. The experience of Growth, Development and Structural Change in different phases of growth and policy regimes across sectors and regions.

b. The Institutional Framework: Patterns of assets ownership in agriculture and industry; Policies for restructuring agrarian relations and for regulating concentration of economic power;

c. Changes in policy perspectives on the role of institutional framework after 1991.

d. Growth and Distribution; Unemployment and Poverty; Human Development; Environmental concerns.

e. Demographic Constraints: Interaction between population change and economic development.

Unit 5: Sectoral Trends and Issues

a. Agriculture Sector: Agrarian growth and performance in different phases of policy regimes i.e. pre green revolution and the two phases of green revolution; Factors influencing productivity and growth; the role of technology and institutions; price policy, the public distribution system and food security.

b. Industry and Services Sector: Phases of Industrialisation - the rate and pattern of industrial growth across alternative policy regimes; Public sector – its role, performance and reforms;

The small scale sector; Role of Foreign capital.

c. Financial Sector: Structure, Performance and Reforms. Foreign Trade and balance of Payments: Structural Changes and Performance of India's Foreign Trade and Balance of Payments; Trade Policy Debate; Export policies and performance; Macro Economic Stabilisation and Structural Adjustment; India and the WTO, Role of FDI, Capital account convertibility.

Suggested Readings:

1. Mishra and Puri, Indian Economy, Himalaya Paublishing House

2. IC Dhingra, Indian Economics, Sultan Chand & Sons

3. Gaurav Dutt and KPM Sundarum, Indian Economy, S. Chand & Company.

4. Bhagwati, J. and Desai, P. India: Planning for industrialization, OUP, Ch 2.

5. Patnaik, Prabhat. Some Indian Debates on Planning. T.J. Byres (ed.). The Indian Economy: Major Debates since Independence, OUP.

6. Ahluwalia, Monteks. State-level Performance under Economic Reforms in India in A. O. Krueger. (ed.). Economic Policy Reforms and the Indian Economy, The University of Chicago Press.

7. Dreze, Jean and Amartya Sen. Economic Development and Social Opportunity. Ch. 2. OUP:

8. Khanna, Sushil. Financial Reforms and Industrial Sector in India. Economic and Political Weekly. Vol. 34. No. 45.

9. Uma Kapila (ed), “Indian Economy since Independence", Relevant articles.

10. Rangarajan, C. and N. Jadhav. Issues in Financial Sector Reform. Bimal Jalan. (ed). The Indian Economy. Oxford University Press, New Delhi.

Note: Latest edition of text books may be used.