Indian Economy

Objectives

To come to grips with the ongoing reform and transformation of

policies, institutions and processes in Indian economy
and its emerging economic environment in a global context
in comparison to
the East and South East Asian Economies.

1
 The Scope
The Course will cover the following topics in the Indian context.
• Policy Environment
• Agenda for equitable and sustainable growth
• Demography
• Structure and Composition
• Demand constraints
• Agriculture, Industry and Manufacturing
• Tertiarisation of the Economy
• Financial sector
• Trade and BoP
• Social sector

2
 Readings
• Reference textbook:

Abhijit Banerjee, et al, (BGRS) ed., What the Economy Needs Now, Juggernaut Books, New
Delhi, 2019.

Vijay Joshi (VJ), India’s Long Road – The Search for Prosperity, Penguin India, 2016.

• Cases.

• Recommended Readings (RR): A set of six selected papers for classroom

discussion/presentation.

• Supplementary Readings (SR): Materials for additional readings, latest data and information.

3
 Evaluation Components

Components Weights
Participation 10 marks

Term Project (groups of 5) 15 marks

Group Presentation/Written Assignment 15 marks

Presentation
Review Report

End-term Examination 60 marks

4
 Term Project
The theme: “An Economic Strategy for Inclusive and Sustainable Growth of India”

Major Building Blocks

Agriculture Manufacturing
Financial Sector Healthcare
Agricultural credit School Education
External Sector Public debt
Financial inclusion MSME sector
Private Investment Housing
Higher Education Foreign Capital
Environment and climate change Fiscal deficit
Energy Infrastructure
Social welfare Female labor force
Source:
1. Raghuram Rajan, et al, “An Economic Strategy for India”, 2018.
2. NITI Aayog, “Strategy for New India @75”, 2018.
5
Presentation/Written Assignment

As per the schedule released separately.