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Indian Economy: Policy and Environment

By Dr. Bhaskar Sarmah and Prof. Joydeep Baruah   |   Krishna Kanta Handiqui State Open University, Guwahati
Learners enrolled: 65
This course titled as Indian Economy: Policy and Environment has been designed as per the UGC Model Curriculum Framework on the subject. This has been done in order that the course fulfills the requirements of most of the Indian Universities. The broad areas of discussion include: (a) approaches to economic development and its measurement, (b) objectives and strategy of planning, (c) broad demographic features of Indian population, (d) social and physical infrastructure, (e) agriculture: policy, financing and marketing, (f) industrial sector, (g) growth pattern of the service sector, (h) money and capital market, (i) fiscal federalism, (j) foreign trade, (k) India in the global economy and, (l) issues relating to governance and competition. Learners of this course will be benefitted from in-depth analyses on the issues. The course, in particular, focuses not only on the performances of the Indian economy over the years, but also makes an attempt at examining these performances in terms of the overall environment and policies for a better understanding.
Summary
Course Status : Upcoming
Course Type : Not Applicable
Language for course content : English
Duration : 12 weeks
Category :
  • Economics
Credit Points : 4
Level : Postgraduate
Start Date : 01 Jan 2025
End Date :
Exam Date :

Page Visits



Course layout

Week Number

Topics 

Week-1


Module 1: Understanding Development

Video 1 Approaches to Economic Development

Video 2  Development and Its Indicators

Video 3  Growth and Development in India – Trends and Issues

Week-2



Module 2: Planning in India

Video 4 - Planning for Development

Video 5 - India’s Experiences with Planning

Video 6 - Decentralised Planning

Week-3

Module 3: Demographic Features, Poverty and Inequality,

Inclusive Growth

Video 7  - India’s Key Demographic Features

Video 8  -  Poverty and Inequality in India

Video 9  -  Inclusive Growth: Approaches and Policies 

Week-4

Module 4:  Resources and Infrastructure

Video 10 - Physical Infrastructure and Development

Video 11 - Social Infrastructure and Development

Video 12 -  Resources, Development and Sustainability

Week-5

Module 5:   Agriculture in India - I

Video 13 - Food Security and Food Production

Video 14 - Institutional Structure and Agriculture

Video 15 - Technology, Diversification and Agricultural Productivity

Week-6

Module 6: Agriculture in India - II

Video 16 - Problems of Indian Agriculture

Video 17 - Agricultural Policies in India

Video 18 -  Emerging Issues in Indian Agriculture

Week-7

Module 7: The Industrial Sector

Video 19 - Features of Industrialisation in India

Video 20 -  Role of Public Sectors Enterprises

Video 21 -  Industrial Policies

Video 22 - Emerging Trends and Issues of Industrialisation

Week-8

Module 8: The Service Sector     

Video 23  - Growth of the Service Sector

Video 24  - Unorganised and Informal Sector

Video 25 -  Service Sector Reforms

Video 26 -  Emerging Trends and Issues in the Labour Market

Week-9

Module 9:   Money, Banking and Prices

Video 27 - Banking in India – Issue of Financial Inclusion

Video 28 - Financial Market – Role of SEBI

Video 29 - Money and Monetary Policies

Video 30 - Prices and Inflation

Week-10

Module 10:  Public Finances

Video 31 - Fiscal Federalism

Video 32 - Finances of Central and State Governments

Video 33 - Fiscal Policies and Reforms

Week-11

Module 11: The External Sector

Video 34  - India’s Foreign Trade

Video 35 -  FDI and FII

Video 36 -  Trade Policies in India

Week-12

Module 12: Economic Reforms

Video 37 - Economic Reforms in India

Video 38 -  India’s Economic Reforms: An Assessment

Video 39 -  India in the Global Economy

Video 40 -  Indian Economy – Vision for the Future


Books and references

  1. Ahluwalia, I. J., & Little, I. M. D. (Eds.). (2012). India's economic reforms and development: Essays for Manmohan Singh (2nd ed.). Oxford University Press.

  2. Bhagwati, J., &Panagariya, A. (2012). India's tryst with destiny: Debunking myths that undermine progress and addressing new challenges. HarperCollins Publishers India.

  3.  Datt, R., &Sundharam, K. P. M. (2011). Indian economy (73rded.). S. Chand Publishing.

  4. Jha, R. (Ed.). (2013). The Indian economy sixty years after independence. Palgrave Macmillan.

  5. Kapila, U. (Ed.). (2014). Indian economy: Performance and policies (12th ed.). Academic Foundation.

  6. Mundle, S. (Ed.). (2015). Public finance: Policy issues for India. Oxford University Press.

  7. Nayyar, D. (2013). Catch up: Developing countries in the world economy. Oxford University Press.

  8. Panagariya, A. (2011). India: The emerging giant. Oxford University Press.

  9. Subramanian, A. (2013). Eclipse: Living in the shadow of China's economic dominance. Peterson Institute for International Economics.

  10. Virmani, A. (2013). Propelling India from socialist stagnation to global power: Growth process, vol 1. Academic Foundation

  11. Basu, K. (2010). Beyond the invisible hand: Groundwork for a new economics. Princeton University Press.

  12. Bardhan, P. (2010). Awakening giants, feet of clay: Assessing the economic rise of China and India. Princeton University Press.

  13. Deaton, A., &Drèze, J. (2009). Food and nutrition in India: Facts and interpretations. Princeton University Press.

  14. Drèze, J., & Sen, A. (2013). An uncertain glory: India and its contradictions. Princeton University Press.

  15.  Ghate, C. (Ed.). (2012). The Oxford handbook of the Indian economy. Oxford University Press.

  16. Jha, R. (Ed.). (2014). Routledge handbook of South Asian economics. Routledge.

  17. Kapur, D., & Mehta, P. B. (Eds.). (2011). Public institutions in India: Performance and design. Oxford University Press.

  18. Kotwal, A., Ramaswami, B., &Wadhwa, W. (2011). Economic liberalization and Indian economic growth: What's the evidence?. Journal of Economic Literature, 49(4), 1152-1199. 

  19. Mukherji, R. (2013). India's economic transition: The politics of reform. Oxford University Pres

  20. Rodrik, D., & Subramanian, A. (2004). From "Hindu growth" to productivity surge: The mystery of the Indian growth transition. IMF Staff Papers, 52(2), 193-228.

Instructor bio

Bhaskar Sarmah is currently working as Assistant Professor in Economics in Krishna KantaHandiqui State Open University, Guwahati Assam. He completed his Ph D. from Dibrugarh University, Assam. He has more than 17 years of experience teaching experience in ODL. He has academic publications in Sage International Encyclopaedias in Economics and Society, Sage International Encyclopaedia in Mass Media and Society, Sage International Encyclopaedia in Online Learning. He has also published book chapters with Routledge and other reputed publishing houses. He also edited the Journal of Open Learning and Research Communication published by KKHSOU for five years. His research interests include issues in public health, public health, Indian economy, and open and distance learning.

JoydeepBaruah is currently a Professor and Director of Surya Kumar Bhuyan School of Social Sciences, Krishna KantaHandiqui State Open University, Guwahati. Earlier he was a faculty at OKD Institute of Social Change and Development, Guwahati for about two decades. His broad academic and research interests include political economy of development in general; and issues related to poverty, inequality and human development in particular. His expertise in data analysis, especially in dealing with quantitative data is widely-recognised and he has been invited to numerous workshops, training programmes in research methodology and data analysis as resource person across the country. Professor Baruah is also well-known for designing and conducting several large scale surveys for government of Assam, government of India and other national and international agencies like UNDP, UNICEF, FHI etc. He was the principal coordinator and lead author of the Assam Human Development Report 2014, which was published by Government of Assam, NITI Aayog and UNDP. He was one of the key persons in developing Assam’s SDG Vision and Indicator Framework in 2015-16. He received a Summer Fellowship from the Oxford Poverty and Human Development Initiative, University of Oxford in 2015. He is currently serving as a member of the Editorial Advisory Board of the Indian Journal of Human Development. He also served as one of the members of the High Level Committee constituted by the Government of Assam to revitalize the State's Economy in the aftermath of COVID 19 in 2020.




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