JECRC University

B.Com.VI Semester (Distance Learning)

Paper Code: DBCM604 Paper Title : Economic Development and Policy in India
Paper Credit: 3.0
Total no. of Lectures allocated : 60
Time: 3 lecture hrs per week
Aims and Objectives This course will explore various issues relating to the growth and development
in general and of the Indian Economy.
Learning Outcomes
After going through this course participants will have understanding of:
● the concepts of Growth and Development;
● the Indian Economy;
● the Policy Regime, Institutional Framework, Structural change related
to Economy;
● the agriculture, industry and service sector of economy;
● the Foreign trade, Balance of Payment and WTO;

Unit Contents Lectures

Section A
Basic Issues in Economic Development:Introduction, Concept and Measures of 5
I Development and Underdevelopment, Human Development.

Basic Features of the Indian Economy at Independence: Composition of national 5

II income and occupational structure, The agrarian scene and industrial structure.

Policy Regimes : Introduction, The evolution of planning, Economic reform and 5

III liberalization

Section B
Growth, Development: The experience of Growth, Development and Structural 5
IV Change in different phases of growth and policy regimes across sectors and regions.

Institutional Framework: Introduction, Patterns of assets ownership in agriculture 5

and industry, Policies for restructuring agrarian relations and for regulating
V
concentration of economic power;

Structural Change: Changes in policy perspectives on the role of institutional 5

framework after 1991, Growth and Distribution; Unemployment and Poverty;
VI
Human Development; Environmental concerns, Demographic Constraints:
Interaction between population change and economic development.
Section C
Agriculture sector Trends and Issues: Agriculture: Agrarian growth and 5
performance in different phases of policy regimes i.e. pre green revolution and the
two phases of green revolution, Factors influencing productivity and growth, The
VII
role of technology and institutions, Price policy, the public distribution system and
food security.

5
Industry Sector Trends: Phases of Industrialization – the rate and pattern of
VIII industrial growth across alternative policy regimes, Public sector – its role,
performance and reforms; The small scale sector, Role of Foreign capital
Service Sector Trends and Issue: Type of services, Rising contribution in GDP, 5
IX
Recent trends in service sector
5
X Financial Sector: Structure, Performance, Reforms

Section D
 Foreign Trade and balance of Payments: Structural Changes and Performance of 5
India’s Foreign Trade, Balance of Payments, Trade Policy Debate; Export policies
XI
and performance, Macro-Economic Stabilization and Structural Adjustment

WTO and GATT: Introduction, History of GATT, Evolution of WTO, India and 5
XII WTO, Role of WTO and GATT in international trade

* A minimum of one case study will be discussed per unit of the syllabi.
References Text Books:
1.Economic Development and Policy in India, T.R.Jain, V.K, Ohri, B.D. Majhi (2014). V.
K. Publications.
2. Economic Policy reforms and Indian Economy, Anne. O. Krueger University of
Chicago Press.

References:
1. India : The Emerging Giant, Dr. Arvind Panagariya ,Oxford University Press