Annexure ‘CD – 01’

No. of TOTAL
Course Title: Indian Economy Credit Units: 3 L T P/S SW/F PSDA CREDIT
W UNITS
Course Level: UG Course Code: ECON201

2 0 0 2 3 3
Course Objectives:

This course aims at imparting knowledge to the students the genesis of Indian economy, the factors which have an impact upon
stakeholders in the development of economy. The course also seeks to provide the knowledge about the Structure and the current
developments in the realm of Liberalization, Privatization and Globalization of Indian Economy

Pre-requisites: Nil

Course Learning Outcomes (CLOs):

After completing the course successfully the students should be able to
• (1) Have understanding of the basic problems faced by the developing economies.
• (2) Remember, understand and analyze various issues related to poverty and unemployment.
• (3) Apply and analyze the conditions of Indian Economy: its structure and demographics, condition of Agricultural and
Industrial sectors though Case Studies, Home Assignments and Projects as a part of the curriculum.
• (4) Remember, understand and analyze process of Indian planning, trends in agricultural production and productivity, growth
rate of the economy, fiscal deficit and other variables.

Course Contents/Syllabus:
 Weightage (%)
Module I : Underdeveloped country and Population Problems 15
Underdeveloped Economy: Meaning of Underdeveloped Economy - Basic characteristics of
Underdeveloped countries, India as on Underdeveloped country. Population problems: Its Causes
and effects on Economy - Trends of population Importance of population control.

Module II : Poverty and Unemployment 15

Poverty: Relative and Absolute poverty Indicators of poverty-its causes and measure of remove it.
Unemployment: Nature of Unemployment
in India, its. Causes and effects, Unemployment policy.

Module III : Structure of the Indian Economy 15

Basic features; Natural resources - Land, Water and Forest resources; Broad demographic features -
population size and growth rates, sex
composition, rural-Urban migration occupational distribution; problem of overpopulation policy;
infrastructure development; National
income.

Module IV : Planning in India 15

Objectives; Strategy; Broad achievements and failures; current Five year plan objectives, allocation and
targets; New economic reforms -
Liberalization, privatization and globalization; Rationale behind economic reforms; progress of
privatization and globalization.

Module V : Agriculture 15
Nature and importance; Trends in agricultural production and productivity; Factors determining
productivity; Land Reforms; New agricultural
strategy and green revolution; Rural credit, Agricultural marketing.

Module VI : Industry 15

Industrial development during the planning period; industrial policy of 1948, 1956, 1977, and 1991;
 industrial licensing policy - MRTP Act,

FERA and FEMA; Growth and problems of small scale industries; Role of public sector enter prices in
India’s industrialization.

Module VII : External sector 10

Role of foreign trade; Trends in exports and imports; composition and direction of India’s foreign trade;
Balance of payments crisis and the
New economic reforms - Export promotion measures and then new trade policies Foreign capital-FDI
aid; Multinational corporations. (MNCS).

Pedagogy for Course Delivery:

The course will be delivered through a combination of theoretical and case study approach. The class will be taught using
remote learning method and class participation will be encouraged using 4 quadrant approach. Basic concepts will be
explained in detail so that the students can develop deep conceptual understanding of key challenges faced by Indian
economy. Case-studies, augmented learning methods, group discussions and self-work components shall be intertwined with
current scenario.

Mapping Continuous Evaluation components/PSDA with CLOs

Bloom’s Level > Rememberi Understandi Applyin Analyzi Evaluati Creatin

ng ng g ng ng g

Course Learning CLO1 CLO1 , CLO1 and CLO2 CLO3 and CLO 3 and
Outcomes CLO2, CLO2 and CLO4 CLO4
CLO3 CLO
and 3
CLO4
 Assessment
type/PSD
A

Assessment
Compon
ent

• Mid-Term ✓ ✓ ✓ ✓ ✓ ---
Exam
• Home ✓ ✓ ✓ ✓ --- ✓
Assignment
(PSDA No-2
and 2)
• Class ✓ ✓ ✓ ✓ --- ---
Presentation
(PSDA No-1)
• End Term ✓ ✓ --- ✓ ✓ ---
Examination

List of Professional Skill Development Activities (PSDA):

1. Presentation on select Indian economy related concepts (group of 3-5 students).

2. Application of various methods to analyze current challenges being faced by Indian economy.
3. Writing a short report on any Indian economy problems and possible solutions.

Assessment/ Examination Scheme:

Lab/Practical/Studio
Theory L/T (%) (%) End Term Examination

50 50

Theory Assessment (L&T):

 End Term
Continuous Assessment/Internal Assessment Examination

Components (Drop
down)

Project/ Home Viva/ Class

Mid-Term Exam Assignment Presentation Attendance

Weightage (%)

20% 20% 5% 50%

5%

Text Reading:
Datt, R. and K.P.M. Sundharam, Indian Economy, S. Chand & Company Ltd.,
New Delhi.
Dhingra, I.C, The Indian economy: Environment and Policy, Sultan Chand & Sons, New
Delhi.
Misra, S.K. and V.K. Puri, Indian Economy - Its Development Experience, Himalaya
Publishing House, Mumbai.

References:
Dutt, R.C, The Economic History of India Under Early British Rule, Low Prince Publications, Delhi.

Indian Economy By Ramesh Singh