ECONOMICS
PAPER – II
1. Indian Economy in
Pre-Independence Era:
Land System and its changes,
Commercialization of agriculture, Drain theory, Laissez faire theory and critique.
Manufacture and Transport: Jute, Cotton, Railways, Money and Credit.
2. Indian Economy after Independence
A The Pre Liberalization Era:
(i) Contribution of Vakil, Gadgil
and V.K.R.V. Rao.
(ii) Agriculture: Land Reforms and
land tenure system, Green Revolution and capital formation in agriculture.
(iii) Industry Trends in composition
and growth, Role of public and private sector, Small scale and cottage
industries.
(iv) National and Per capita income:
patterns, trends, aggregate and Sectoral composition and changes their in.
(v) Broad factors determining
National Income and distribution, Measures of poverty, Trends in poverty and
inequality.
B The Post Liberalization Era:
(i) New Economic Reform and
Agriculture: Agriculture and WTO, Food processing, Subsidies, Agricultural
prices and public distribution system, Impact of public expenditure on
agricultural growth.
(ii) New Economic Policy and
Industry: Strategy of industrialization, Privatization, Disinvestments, Role of
foreign direct investment and multinationals.
(iii) New Economic Policy and Trade:
Intellectual property rights: Implications of TRIPS, TRIMS, GATS and new EXIM
policy.
(iv) New Exchange Rate Regime:
Partial and full convertibility, Capital account convertibility.
(v) New Economic Policy and Public
Finance: Fiscal Responsibility Act, Twelfth Finance
Commission and Fiscal Federalism and
Fiscal Consolidation.
(vi) New Economic Policy and
Monetary system. Role of RBI under the new regime.
(vii) Planning: From central
Planning to indicative planning, Relation between planning and markets for
growth and decentralized planning: 73rd and 74th Constitutional amendments.
(viii)New Economic Policy and
Employment: Employment and poverty, Rural wages, Employment Generation, Poverty
alleviation schemes, New Rural, Employment Guarantee Scheme.
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