1. PLANNING AND ECONOMIC DEVELOPMENT

2. PLANNING AND ECONOMIC DEVELOPMENT
Course Objectives
to sharpen the analytical skill of the student, by highlighting an integrated approach to the development aspects of the Indian economy. Such an analysis is essential because the Indian economy is a unique amalgam of alternative competing and often conflicting theories and a proper understanding of its working is imperative.
to understand overall social, political and economic environment that influencing policy decisions.
To develop the skills for evaluation of development theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level.
To develop the ability to critically evaluate the economic aspects of the development process particularly in developing economies. One can focus not only on methods of promoting economic development, economic growth and structural changes but also on improving the potential for the mass of the population.

3. Learning Outcomes
The understanding about the social and institutional aspects of development, importance of agriculture and the rationale and pattern of industrialization in developing countries.
The other important issues in the context of development like infrastructure-linkages, role of international trade, importance of domestic External Sector, investment criteria and relevance of planning.
Familiarize with contemporary issues in development process and the student will be able to critically analyze and understand development theories, importance of planning process for economic development, economic inequality, rural-urban interaction, markets related to agriculture, public finance, fiscal federalism and economics reforms in India.

4. PLANNING AND ECONOMIC DEVELOPMENT
The course content of this paper covered Economic Development and its Determinants, Planning in India, Demographic Features, Poverty and Inequality, Relationship between Agriculture and Industry, Fiscal Federalism, Public Finance, Money Banking & Prices External Sector and Economic Reforms.

5. PLANNING AND ECONOMIC DEVELOPMENT
Module 1: Economic Development and its Determinants
Approaches to economic development and its measurement — sustainable development; Role of
State, market and other institutions; Indicators of development — PQLI, Human Development
Index (HDI), gender development indices.
Module 2: Planning in India
Objectives and strategy of planning; Failures and achievements of Plans; Developing grass-root
organizations for development — Panchayats, NGOs and pressure groups.
Module 3: Demographic Features, Poverty and Inequality
Broad demographic features of Indian population; Rural-urban migration; Urbanization and civic
amenities; Poverty and Inequality.

6. Module 4: The Agricultural Sector
Institutional Structure — land reforms in India; Technological change in agriculture — pricing of
agricultural inputs and output; Terms of trade between agriculture and industry; Agricultural finance
policy; Agricultural Marketing and Warehousing; Issues in food security — policies for sustainable
agriculture.
Module 5: The Industrial Sector
Industrial policy; Public Sector enterprises and their performance; Problem of sick units in India;
Privatisation and disinvestment debate; Growth and pattern of industrialisation; Small-scale sector;
Productivity in industrial sector; Exit policy — issues in labour market reforms; Approaches for
employment generation.
Module 6: Public Finances
Fiscal federalism — Centre-state financial relations; Finances of central government; Finances of
state governments; Parallel economy; Problems relating to fiscal policy; Fiscal sector reforms in
India.
Module 7: Money, Banking and Prices
Analysis of price behaviour in India; Financial sector reforms; Interest rate policy; Review of monetary
policy of RBI; Money and capital markets; Working of SEBI in India.

7. Module 8: External Sector
Structure and direction of foreign trade; Balance of payments; Issues in export-import policy and
FEMA; Exchange rate policy; Foreign capital and MNCs in India; The progress of trade reforms in
India.
Module 9: Economic Reforms
Rationale of internal and external reforms; Globalisation of Indian economy; W.T.O. and its impact
on the different sectors of the economy; Need for and issues in good governance; Issues in
competition and safety nets in Indian economy.
BASIC READING LIST
Ahluwalia, I.J. and I.M.D. Little (Eds.) (1999), India’s Economic Reforms and Development
(Essays in honour of Manmohan Singh), Oxford University Press, New Delhi.
Bardhan, P.K. (9th Edition) (1999), The Political Economy of Development in India, Oxford
University Press, New Delhi.
Bawa, R.S. and P.S. Raikhy (Ed.) (1997), Structural Changes in Indian Economy, Guru
Nanak Dev University Press, Amritsar.
Brahmananda, P.R. and V.R. Panchmukhi (Eds.) (2001), Development Experience in the
Indian Economy : Inter-State Perspectives, Bookwell, Delhi.
Chakravarty, S. (1987), Development Planning : The Indian Experience, Oxford University
Press, New Delhi.
Dantwala, M.L. (1996), Dilemmas of Growth : The Indian Experience, Sage Publications,
New Delhi.

8. EVALUATION CRITERIA Exam % of Marks Duration Coverage T-1 20 1 hr
Syllabus covered up till T-1
T-2
Syllabus covered up till T-2
T-3 35
2hrs
Full Syllabus
Internal Assessment
Entire Semester
As decided and announced by the teacher concerned in the class at the beginning of the course