INDIAN ECONOMY-I


Course Description

Using appropriate analytical frameworks, this course reviews major trends in economic indicators and policy debates in India in the post-Independence period, with particular emphasis on paradigm shifts and turning points. Given the rapid changes taking place in India, the reading list will have to be updated annually.

Course Outline

1. Economic Development since Independence
Major features of the economy at independence; growth and development under different
policy regimes—goals, constraints, institutions and policy framework; an assessment of performance—sustainability and regional contrasts; structural change, savings and investment.

2. Population and Human Development
Demographic trends and issues; education; health and malnutrition.

3. Growth and Distribution
Trends and policies in poverty; inequality and unemployment.

4. International Comparisons


THIS SECTION COMPRISES PREVIOUS YEAR PAPERS OF INDIAN ECONOMY I


Readings:

1. Jean Dreze and Amartya Sen, Jean Dreze and Amartya Sen, 2013. An Uncertain Glory: India and its Contradictions, Princeton University Press.

2. Pulapre Balakrishnan, 2007, The Recovery of India: Economic Growth in the
Nehru Era, Economic and Political Weekly, November.

3. Rakesh Mohan, 2008, ―Growth Record of Indian Economy: 1950-2008. A Story
of Sustained Savings and Investment, Economic and Political Weekly, May.

4. S.L. Shetty, 2007, ―India‘s Savings Performance since the Advent of Planning, in K.L. Krishna and A. Vaidyanathan, editors, Institutions and Markets in India’s 
Development.

5. Himanshu, 2010, Towards New Poverty Lines for India, Economic and
Political Weekly, January.

6. Jean Dreze and Angus Deaton, 2009, Food and Nutrition in India: Facts and
Intepretations, Economic and Political Weekly, February.

7. Himanshu. 2011, ―Employment Trends in India: A Re-examination, Economic and Political Weekly, September.

8. Rama Baru et al, 2010, ―Inequities in Access to Health Services in India: Caste, Class and Region, Economic and Political Weekly, September.

9. Geeta G. Kingdon, 2007, ―The Progress of School Education in India, Oxford
Review of Economic Policy.

10. J.B.G. Tilak, 2007, ―Post Elementary Education, Poverty and Development in
India, International Journal of Educational Development.

11. T. Dyson, 2008, ―India‘s Demographic Transition and its Consequences for Development‖ in Uma Kapila, editor, Indian Economy Since Independence, 19th edition, Academic Foundation.

12. Kaushik Basu, 2009, ―China and India: Idiosyncratic Paths to High Growth,
Economic and Political Weekly, September.

13. K. James, 2008, ―Glorifying Malthus: Current Debate on Demographic Dividend in India‖ Economic and Political Weekly, June.

14. Reetika Khera, 2011, ―India‘s Public Distribution System: Utilisation and Impact
Journal of Development Studies.

15. Aniruddha Krishna and Devendra Bajpai, 2011, ―Lineal Spread and Radial Dissipation: Experiencing Growth in Rural India, 1992-2005, Economic and Political Weekly, September.

16. Kaushik Basu and A. Maertens, eds, 2013, The New Oxford Companion to Economics, Oxford University Press.


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