Program : Diploma in Commercial Practice

Course Code : 6143A Course Title: Economic Policies in India

Semester : 6 Credits: 4

Course Category: Open Elective

Periods per week: 4 (L:3 T:1 P:0) Periods per semester: 60

Course Objectives:

 To familiarize the students with the basic concepts, structure, problems and issues
concerning Indian economy.

Course Prerequisites:

Course name
Topic

Knowledge of economy Secondary School

Course Outcomes:

On completion of the course, the student will be able to:

Duration
Con Description Cognitive Level
(Hours)
Identify the basic features and problems of
CO1 12 Applying
Indian economy.

CO2 Explain sectoral composition of Indian economy. 17 Applying

CO3 Identify various economic policies in India. 15 Applying

CO4 Interpret external sector in India. 14 Applying

Series Test 2
CO – PO Mapping:

Course
PO1 PO2 PO3 PO4 PO5 PO6 PO7
Outcomes
CO1 3 2
CO2 3
CO3 3
CO4 3
3-Strongly mapped, 2-Moderately mapped, 1-Weakly mapped

Course Outline:

Module Duration
Description Cognitive Level
Outcomes (Hours)
CO1 Identify basic features and problems of Indian economy.

M1.01 Explain nature of Indian Economy. 2 Understanding.

Recall the demographic features of Indian
M1.02 5 Remembering
economy and Human Development Index.
M1.03 Identify the problems of Indian economy. 5 Applying

Contents:
Indian economy: Nature - demographic features -. Human Development Index - Problems
- poverty - reasons for poverty - unemployment - reasons - inflation - income inequality -
black money.

CO2 Explain sectoral composition of Indian economy.

M2.01 Interpret agricultural sector and their issues. 6 Understanding

Demonstrate industrial development and
M2.02 6 Understanding
industrial policy.
Identify the problems of small scale and
M2.03 3 Applying
cottage industry.
Explain public sector and service sector in
M2 .04 2 Understanding
India.
Series Test – I 1

Contents:
Agricultural sector – issues - land reforms - nature and significance – objectives - Green
revolution - Meaning – significance – impact - agriculture policies - industrial
development-small scale and cottage industry – meaning – problems - industrial policy -
public sector – service sector in India

CO3 Identify various economic policies in India.

M3.01 Explain Economic planning in India. 2 Understanding

 Compare planning commission and NITI
M3.02 2 Applying
Aayog.
M3.03 Explain five-year plans. 3 Understanding
M3.04 Interpret Finance Commission in India. 3 Understanding

M3.05 Summarize LPG Policy in India. 5 Understanding

Contents:
Economic planning in India – planning commission v/s NITI Aayog – five - year plans –
objectives - monetary policy in India - fiscal policy in India - Finance commission in India
– Liberalisation – features – privatization – features – Globalisation - features and effects.

CO4 Interpret external sector in India.

M4.01 Explain foreign trade. 3 Understanding
Outline India’s Balance of Payment since
M4.02 3 Understanding
1991.
M4.03 Identify the causes of adverse BOP. 3 Applying
M4.04 Explain WTO and India. 5 Understanding
Series Test – II 1
Contents:
Foreign trade – meaning – importance – directions – BOP – components - causes of
adverse BOP – WTO – functions - feature of Uruguay round - advantages & disadvantages
to India.

Text/Reference:

T/R Book Title/Author

Dhingra I.C.Foundation of Indian Economy, Sultan Chand and sons’
T1
publications.
T2 Prof. P.P. Skaria: Indian economy. Vrindavan Publications, Calicut.
Dutt rudder and K.P.M Sunderam. (2017).Indian Economy. S Chand &Co ltd,
R1
New Delhi.
Karam Singh Gill. (1978): Evolution of the Indian Economy. NCERT, New
R2
Delhi.
R3 Dhingra I.C. (2017): March of the Indian Economy. Heed publication Pvt Ltd.
Singh Ramesh. (2016): Indian Economy. Tata-McGraw Hill Publication, New
R4
Delhi.

Online Resources:

Sl.No Website link

1 https://www.ncert.nic.in