|Course Type||Course Code||No. Of Credits|
Ambedkar University Delhi
Winter Semester (January-May 2018)
School: Undergraduate Studies
Programme with title: BA (Honours)
to which offered: (I/ III/ V) II
Course Title: Introduction to the Indian Economy
Credits: 4 Credits
Course Code (new): SUS1EC131
Course Code (old): EC02
Type of Course: Compulsory No Cohort BA (H) Economics
Elective Yes Cohort BA (H) other than Economics
For SUS only (Mark an X for as many as appropriate):
Course Coordinator and Team: AnirbanBiswas
Email of course coordinator: anirbanbiswas[at]aud[dot]ac[dot]in
Pre-requisites: Desired understanding of basic social sciences at 10+2, EC01
Aim: The objective of this course is to provide a broad sweep of the Concept, Structure and Trends in the Indian Economy in a roughly chronological manner. It begins with a review of the evolution of the Indian economy during colonial rule and introduces the roots of Indian underdevelopment. It then takes the students across time periods that make out the Indian development experience such as the initial planning period of the 1950s and 1960s, the decade and a half of the initiation of the Green Revolution and of Poverty Alleviation Strategies/food security, Industrialisation, the changed economic policy period preceding the major economic reforms and then introduces the idea of globalization in the context of the Indian economy and some of the debates that have been key in the Indian context.
Brief description of modules/ Main modules:
Development and Underdevelopment – India as an underdeveloped economy.
Indian Economy in the Colonial Period: Land Revenue Systems in British India- Permanent settlement, Ryotwari/Mahalwari system, emergence of land intermediaries-Zamindari system ; Export-orientation of the economy, deindustrialization and tribute transfer to British Raj
Overview of the economy- Evolutions in the sectoral structure of the national economy- trends in output and employment – Strategy of import substitution role of Planning and Five-Year Plans
Agricultural development, green revolution, food security and poverty alleviation
Economic reforms policies and post-reform development
Some suggested references but not limited to:
Amiya Kumar Bagchi (2010) Colonialism and Indian economy, OUP
Arun Kumar (2013) Indian Economy Since Independence: Persisting Colonial Disruption, Vision Books.
B. R. Tomlinson (1996) The economy of modern India, 1860-1970. Vol. 3. Cambridge University Press
Dharma Kumar and Sabyasachi Bhattacharya (2005) Cambridge Economic History of India: Vol. 2, 1757-2003, Orient Longman.
IrfanHabib (2013) Indian Economy 1858-1914,Tulika Books.
IrfanHabib (2013) Indian Economy Under Early British Rule 1757-1857,Tulika Books.
S. Deshpande (2014) The Problem of Caste, Orient Blackswan Private Limited.
S. Jodhka (2012) Village Society, Orient Blackswan.
Tirthankar Roy (2011) "Economic History of India, 1857-1947." OUP Catalogue.
Uma Kapila. Indian Economy Since Independence, Academic Foundation.
UtsaPatnaik (1999) The Long Transition: Essays on Political Economy, Tulika, Delhi.
Tentative Assessment schedule with details of the distribution of weight:
Date/period in which Assessment will take place
Distribution of weight
Class test 1
Mid February/End week of February
Class test 2
Mid March/ End week of March
End Semester Exam
End of semester