INDIAN ECONOMY
SEMESTER- IV
Semester – III
B.Com / BMS
Study Material
2024
2023
PRIVATE CIRCULATION ONLY 1
,All rights reserved. No part of this work may be reproduced in any form, by any means, without
written permission from JAIN (DEEMED-TO-BE UNIVERSITY)
The study material is developed for the students at JAIN (DEEMED-TO-BE UNIVERSITY)
For Internal Circulation Only
Edition: 2023
NOTE:
THE STUDY MATERIAL IS ONLY DIRECTIVE FOR STUDENTS AND NOT
EXHAUSTIVE TOWARDS THE COURSE. THE STUDENTS MUST REFER TO THE
REFERENCE BOOKS AND READING LISTS MENTIONED.
Developed by:
School of Commerce
JAIN (DEEMED-TO-BE UNIVERSITY)
Published Printed by:
Center for Virtual Learning & Innovation,
JAIN (DEEMED-TO-BE UNIVERSITY)
PRIVATE CIRCULATION ONLY 2
, INDIAN ECONOMY
Credits: 03 45 Hours
Course Outcomes:
At the end of the course, students will be able to:
Sl. No. Course Description Bloom’s
Outcome Taxonomy Level
1 CO 1 Demonstrate knowledge of the characteristics Understanding (2)
of the Indian economy.
2 CO 2 Discuss various programmes implemented Understanding (2)
under economic planning.
3 CO 3 Assess the policy measures for poverty Analyzing (4)
alleviation and unemployment.
4 CO 4 Illustrate the importance of industry and Applying (3)
services sector in India
5 CO 5 Evaluate Sectoral Performance of the Evaluating (5)
economy.
Unit I: India as a Developing Economy (9 hours)
Colonial exploitation and drain Theory - Indian economy since independence - Characteristics
of Indian economy - New facets of Indian economy; Transition of Indian economy -National
income estimates – Trends & patterns
Unit II: Economic Planning in India (9 hours)
Evolution of planning in India - Achievements and failures of five-year plans in India -
12thFive-yearplan - NITI Aayog
Unit III: Demographic Features, Poverty and Unemployment (9 hours)
Broad demographic features of Indian Population - Migration and Urbanization - Occupational
structure - Employment and unemployment in India- employment trends, structure, nature and
estimates of unemployment - Major employment programmes- MGNREGS - Poverty in India-
Poverty alleviation programmes
Unit IV: Agricultural Sector (9 hours)
Agriculture production and production trends - Land reforms - Agricultural price policy -
Agricultural finance policy - Food security and Public distribution system - Agriculture and
WTO - Farmer welfare schemes in India - Recent issues
PRIVATE CIRCULATION ONLY 3
, Unit V: Industrial & Service Sector (9 hours)
Industrial policy reforms - New Industrial policy 1991 - Recent trends in industrial growth and
diversification - Public sector enterprises and their performance, privatization and
disinvestments - Recent issues- MSME crisis - Service sectors- Role, pattern and performance
of service sector - IT & ITES- Role & performance
Reference Texts
1. Brahmananda P.R. and V.R.Panchamukhi,(Ed) - The Development Process of the
2. Government of India Economic Survey, Ministry of Finance, New Delhi
3. Indian Economy.
4. R.B.I – Report on Currency &Finance
5. Rudder Dutt and K.P.M.Sundaram (2018). Indian Economy, S.Chand& Company Ltd.
6. S.K.Mishra and V.K.Puri (2018). Indian Economy, Himalaya Publishing House
7. Uma Kapila (2008). Indian Economy since Independence (Ed), 19th Edition,
8. Xavier V K et. al (2022): Indian Economics: Issues and Policy, Magi’s Publications,
Bengaluru, Karnataka 560093
PRIVATE CIRCULATION ONLY 4
SEMESTER- IV
Semester – III
B.Com / BMS
Study Material
2024
2023
PRIVATE CIRCULATION ONLY 1
,All rights reserved. No part of this work may be reproduced in any form, by any means, without
written permission from JAIN (DEEMED-TO-BE UNIVERSITY)
The study material is developed for the students at JAIN (DEEMED-TO-BE UNIVERSITY)
For Internal Circulation Only
Edition: 2023
NOTE:
THE STUDY MATERIAL IS ONLY DIRECTIVE FOR STUDENTS AND NOT
EXHAUSTIVE TOWARDS THE COURSE. THE STUDENTS MUST REFER TO THE
REFERENCE BOOKS AND READING LISTS MENTIONED.
Developed by:
School of Commerce
JAIN (DEEMED-TO-BE UNIVERSITY)
Published Printed by:
Center for Virtual Learning & Innovation,
JAIN (DEEMED-TO-BE UNIVERSITY)
PRIVATE CIRCULATION ONLY 2
, INDIAN ECONOMY
Credits: 03 45 Hours
Course Outcomes:
At the end of the course, students will be able to:
Sl. No. Course Description Bloom’s
Outcome Taxonomy Level
1 CO 1 Demonstrate knowledge of the characteristics Understanding (2)
of the Indian economy.
2 CO 2 Discuss various programmes implemented Understanding (2)
under economic planning.
3 CO 3 Assess the policy measures for poverty Analyzing (4)
alleviation and unemployment.
4 CO 4 Illustrate the importance of industry and Applying (3)
services sector in India
5 CO 5 Evaluate Sectoral Performance of the Evaluating (5)
economy.
Unit I: India as a Developing Economy (9 hours)
Colonial exploitation and drain Theory - Indian economy since independence - Characteristics
of Indian economy - New facets of Indian economy; Transition of Indian economy -National
income estimates – Trends & patterns
Unit II: Economic Planning in India (9 hours)
Evolution of planning in India - Achievements and failures of five-year plans in India -
12thFive-yearplan - NITI Aayog
Unit III: Demographic Features, Poverty and Unemployment (9 hours)
Broad demographic features of Indian Population - Migration and Urbanization - Occupational
structure - Employment and unemployment in India- employment trends, structure, nature and
estimates of unemployment - Major employment programmes- MGNREGS - Poverty in India-
Poverty alleviation programmes
Unit IV: Agricultural Sector (9 hours)
Agriculture production and production trends - Land reforms - Agricultural price policy -
Agricultural finance policy - Food security and Public distribution system - Agriculture and
WTO - Farmer welfare schemes in India - Recent issues
PRIVATE CIRCULATION ONLY 3
, Unit V: Industrial & Service Sector (9 hours)
Industrial policy reforms - New Industrial policy 1991 - Recent trends in industrial growth and
diversification - Public sector enterprises and their performance, privatization and
disinvestments - Recent issues- MSME crisis - Service sectors- Role, pattern and performance
of service sector - IT & ITES- Role & performance
Reference Texts
1. Brahmananda P.R. and V.R.Panchamukhi,(Ed) - The Development Process of the
2. Government of India Economic Survey, Ministry of Finance, New Delhi
3. Indian Economy.
4. R.B.I – Report on Currency &Finance
5. Rudder Dutt and K.P.M.Sundaram (2018). Indian Economy, S.Chand& Company Ltd.
6. S.K.Mishra and V.K.Puri (2018). Indian Economy, Himalaya Publishing House
7. Uma Kapila (2008). Indian Economy since Independence (Ed), 19th Edition,
8. Xavier V K et. al (2022): Indian Economics: Issues and Policy, Magi’s Publications,
Bengaluru, Karnataka 560093
PRIVATE CIRCULATION ONLY 4
