MEC-205: Indian Economic Policy
Historical evolution and contemporary issues in Indian economic policy
Course Overview
This course analyzes the trajectory of India's economic policy from independence to the present, covering planning, reforms, and sectoral strategies. It emphasizes the policy challenges and development outcomes in agriculture, industry, trade, and welfare.
Course Objectives
- Understand key phases of India's economic policy
- Evaluate reforms and their impact on growth and equity
- Analyze sectoral strategies and outcomes
- Assess current policy debates and challenges
- Apply analytical tools to Indian economic data
Key Topics
- Economic Planning in India: Objectives and Outcomes
- Structural Reforms and Liberalization since 1991
- Agricultural Policy and Rural Development
- Industrial Policy and MSMEs
- Poverty, Employment, and Social Protection
- Fiscal Policy and Tax Reforms
- Monetary Policy and Financial Sector Reforms
- India in the Global Economy: Trade and Investment
Recommended References
- India's Economic Policy by Jagdish Bhagwati and Arvind Panagariya
- Indian Economy by Uma Kapila
- India: The Emerging Giant by Arvind Panagariya
- Economic Survey (Government of India, annual)
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Important Topics
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