Part-II (Indian Economics)
Main features; Geographic size-Endowment of natural resources, Population;
size, composition quality and growth trend-Occupational distribution-Effects
of British Rule with reference to Drain theory and Laissez Faire policy.
Major problems, their dimensions, nature and broad causes; Mass
poverty-Unemployment and its types-Economics effects of population
pressure-Inequality and types thereof-Low productivity and low per capita
income, Rural-urban disparities-Foreign Trade and payments imbalances.
Balance of Payments and External Debt- Inflation, and parallel economy and
its effects-Fiscal deficit.
Growth in income and employment since Independence-Rate, Pattern, Sectoral
trends-Distributional Changes-Regional disparities.
Economic Planning in India : Major controversies on planning in
India-Alternative strategies-goals and achievements, shortfalls of different
plans-planning and the Market.
Broad Fiscal, monetary, industrial trade and agricultural
policies-objectives, rationale, constraints and effects