Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

This course aims to equip the students with a good understanding of India’s economic problems. The development challenges faced by India during the colonial period and again during the initial decades after independence will be discussed in detail. The primary concern of the course will be on contemporary issues, including social inequalities, constraints to agricultural and industrial growth, and the revolution in the services sector. The coursework will emphasise on a set of readings, classroom interactions and debates.

Course Contents

This course discusses the various phases and issues with respect to India’s economic development. The topics discussed include India’s economic development challenges during the colonial and the planning periods, and economic growth under liberalization. The course will deal with the varied inequalities in the country, along the lines of caste, class, and gender, as well as across regions. It will feature issues related to Indian agriculture, industry, services, as well as trade and investment. The course will aim to provide various points of view on each of these topics.

Suggested References

Bagchi, A.K. (1972), Private Investment in India 1900-1939, Cambridge University Press.
Bardhan, Pranab, (1984), The Political Economy of Development in India, Oxford University Press, New Delhi.
Bhagwati, Jagdish (1993), India in Transition: Freeing the Economy, Oxford University Press, New Delhi.
Bhagwati, Jagdish N., and Chakravarty, Sukhamoy, ‘Contributions to Indian Economic Analysis: A Survey’, The American Economic Review, Vol. 59, No. 4, Part 2 (Supplement), September, 1969.
Byres, T.J, The Indian Economy: Major Debates since Independence edited by T. J. Byres, Oxford University Press, New Delhi, 1998.
Chakravarty, Sukhamoy, Development Planning: The Indian Experience, Oxford University Press, New Delhi, 1987.
Drèze, Jean and Sen, Amartya, Hunger and Public Action, Oxford University Press, New Delhi, 1989
Drèze, Jean and Sen, Amartya, Indian Development: Selected Regional Perspectives, Oxford University Press, New Delhi, 1996.
Drèze, Jean and Sen, Amartya, India: Development and Participation, Oxford University Press, New Delhi, 2002
Drèze, Jean and Sen, Amartya , An Uncertain Glory: India and its Contradictions, Allen Lane, 2013.
Frankel, Francine R., India’s Political Economy 1947-2004 Second Edition, Oxford University Press, New Delhi, 2005.
Habib, Irfan, ‘Colonization of the Indian Economy, 1757-1900’, Social Scientist, Vol.3, No.8, pp. 23-53, 1975.
Kohli, Atul, Democracy and Development in India: From Socialism to Pro-Business, Oxford University Press, New Delhi, 2009.
Morris, Morris D. ‘The Growth of Large-Scale Industry to 1947’ in Kumar, Dharma (ed.) (1983), The Cambridge Economic History of India – Volume II: c. 1757-2003, Cambridge University Press, Cambridge, Expanded Edition published in 2003 by Orient Longman Private Limited, New Delhi, 1983.
Nayyar Deepak ed, Industrial Growth and Stagnation- The Debate in India, Oxford University Press, Delhi, 1994.
Panagariya, Arvind, India: The Emerging Giant, Oxford University Press, New York, 2008.