Economic Environment and Policy II Class Schedule

Broad Theme Session Topic India in a global setting Readings Material presented through power point

India in a global 1 setting (attempt will be made to give a comparative picture of 2 India vis--vis other developing countries, say China; and focus on the challenges for India ahead) State and Development in newly industrializing economies (NTEs) 3

India in a global setting

Material presented through power point

Market failures vs government failures the need for state intervention in developing economies The East Asian Miracle The East Asian Payments crisis Foundation of Indias Development Strategy the Mahalanobis model and the Nehru Mahalanobis model will be discussed here to acquaint the participants about the foundation of Indias post independent development strategy Foundation of Indias Development Strategy (contd.

, Symposium on the State and Economic Development Journal of Economic Perspectives, Vol.4, No.3, 1990. e, The East Asian Miracle, World Development, ol.22, No.4, 1995 aterial presented in the class Development Planning, endan Press, Oxford, 1987.

4 5 Indias Development Strategies 6

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Foundation of Indias Development Strategy : Democracy and Development Changes in the structure of Indian Economy some basic structural features of the Indian economy like shifts in the distribution of work force across agriculture, industry and services Economic Development and Structural Changes: International Evidences Changes in the structure of Indian Economy Agricultural Sector : (Rural Development Strategies, the role of institutional change such as land reforms) Issues relating to agricultural subsidies a case study of fertilizer subsidies Changes in the structure of Indian Economy Industrial policy and performance Indias Economic Crisis 1991-92: the causes and the dimensions of the crisis Indias Economic Reforms an Overview of Structural Adjustment Program

(material will be distributed in the class) , Changing Structure of the Economy, in Indian Economy since Independence (ed) by Uma Kapila Nambiar R.G., Services vs commodities, The Economic Times, Friday October 18,. 1985. al Change and Economic Growth in Developing Countries, paper presented at the World Economic Congress held in Delhi, 1986. culture Policy and Performance in Bimal Jalan (ed) Indian Economic Problems and Prospects, 1992, Material presented during the lecture. Material presented in the class rial Policy and Controls, Indian Economy Problems and Prospects (ed) Bimal Jalan, 1992. at the Cross Roads: Illusion and Realties, Economic and Political Weekly, April 10, 1993. Plus other materials presented during the class conomic Reforms: An Appraisal in India in the Era of Economic Reforms, edited by Jaffery Sachs etc., Oxford University Press, 1999.

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12. 13. Economic Reforms: Post 1991 scenario 14

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Economic Reforms The New Industrial Policy the changes in the role of FERA, MRTP etc. will be reviewed. Fiscal and Financial Sector Reforms

an Economy since Independence: Chapter on Industrial Development and Policies since independence Fiscal and Trade Policy, Indias Economic Reforms, 1991-2001, Oxford University Press and also chapter on Financial Sector Reforms.

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Trade Reforms Economic Reforms Appraisal of its impact on Balance of payment, FDI, Fiscal deficit, Poverty etc. will be discussed. Economic Reform appraisal (contd.) dian Economy Since Independence, 1998-99 edition. Chapters on Fiscal and Financial sector reforms. Import Liberalization hurting domestic industries, Economic and Political Weekly, Oct. 1997. rld Trade Organization (WTO) and India, in The Role of India, Egypt and other Developing Countries in the Emerging Instrument order, ICSSR

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World Trade Organization (WTO)

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WTO (contd.) WTO, a case study of the application of sanitary and phytosanitary measures (SPS) Intellectual Property rights (IPR)

25 Some current scenario 26 27 28 29 30

IPR (contd.) Exchange rate movements appreciation of Indian rupee Privatization, disinvestments of PSUs etc. Special Economic Zones (kept blank to accommodate any additional topic) (kept blank to accommodate any additional topic)

Material presented in the class

Recommended text books ARAVIND PANAGRIYA: INDIA, the Emerging Giant, Oxford University Press, 2008. UMA KAPILA ( ed ) Indian Economy Since Independence , Academic foundation , Delhi