In this blog post, we bring you the detailed Latest syllabus structure of Indian Economy which is the Common for each of the major subjects offered in the 5th semester under the B.Com Four-Year Undergraduate Programme (FYUGP) as per the National Education Policy (NEP) guidelines. This will help you stay ahead in your preparation, plan your studies effectively, and understand the core areas of learning for your chosen major.
Course Name: Indian Economy (Major 8)
Credit: 4
Total Marks: 100
5th Semester
Existing based syllabus: UGCBCS
Course Level: 500 to 599
Unit I: Basic Issues in Economic Growth and Development: Concept and Measures of economic growth and Development, determinants of economic development, Human Development Index, Kautilya 's Arthashastra and economic development. (20 Marks)
Unit II:Overview of Indian economy: India as a developing economy, India as a mixed economy, India as a dualistic economy, India as a federal economy, evolution of Indian Planning from Planning Commission to Niti Aayog-, Monetary and Fiscal policies with their implications on economy (12 Classes) (20 Marks)
Unit III:Agriculture Sector: Agrarian growth and performance in different phases of policy regimes, Crop pattern, Green Revolution: White and Yellow Revolution, land reforms in India, cooperative farming in India, tribal agricultural practices, production of other allied sectors like horticulture fisheries and aquaculture, livestock and animal husbandry, Food Security Issues Agricultural Marketing, Policy initiatives of the Government of India for the development of agricultural sector. (12 Classes) (20 Marks)
Unit IV: Industrial Sector: Phases of Industrialization the rate and pattern of industrial growth across alternative policy regimes (Industrial Policy 1948, IP Resolution 1956, Industrial Licensing Policy. New Industrial Policy 1991); MSMEs -role and challenges Public sector its role, performance and reforms; industrial sickness, disinvestment privatization. Public Private Partnership Role of Foreign capital.
Structural Changes and Performance of India's Foreign Trade and Balance of Payments;; Export policies and performance: India and the WTO, Industrialization in North Easter Region Types of industries, industrial policies, Act East policy, Cross Border Trade, Border Area Development, Institutions NEDFI, DONER, NEC (12 Classes) (20 Marks)
Unit V:Service Sector: service sector and its role in Indian economy, contribution to national Income, employment and exports revenue, Indias's service revolution, "Digital India Mission issues and challenges for India's service sector growth (12 Classes) (20 Marks)
Suggested Readings:
1. Mishra and Puri, Indian Economy, Himalaya Paublishing House
2. P.K. Dhar, Indian Economy -Its Growing Dimensions, Kalyani Publishers
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. Uma Kapila (2021), Indian Economy Performance and Policies, Academic Foundation, New Delhi
6. Vinay G.B(2019) Indian Economy. Oxford University Press
Course Objective: The objective of the Indian Economy course is to provide students with an in-depth understanding of the key economic principles, policies, and factors that shape the Indian economy, enabling them to analyze and interpret its dynamics and challenges.
Learning Outcomes:
1. Students will gain knowledge of the major macroeconomic indicators, such as GDP growth, inflation, and unemployment, and understand how these factors impact the overall performance of the Indian economy.
2. Students will develop the ability to analyze the structure and composition of the Indian economy, including its sectors, such as agriculture, industry, and services, and comprehend the role of each sector in the overall economic growth.
3. Students will be able to identify and evaluate the various economic policies implemented by the government, such as fiscal policy, monetary policy, and trade policy, and assess their impact on the Indian economy.
4. Students will understand the significance of demographic trends, population dynamics, No. of Contact Classes: 60
Name of the Designer: Department of Commerce, Gauhati University, commerce@gauhati.ac.in