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M.A. FINAL ECONOMICS
PAPER III
INDIAN ECONOMIC POLICY
WRITTEN BY
SEHBA HUSSAIN
EDITED BY
PROF.SHAKOOR KHAN
M.A. FINAL ECONOMICS
PAPER III
INDIAN ECONOMIC POLICY
BLOCK 1
ECONOMIC DEVELOPMENT PLANNING
AND ECONOMIC REFORMS IN INDIA
2
PAPER III
INDIAN ECONOMIC POLICY
BLOCK 1
ECONOMIC DEVELOPMENT PLANNING AND
ECONOMIC REFORMS IN INDIA
CONTENTS
Page number
Unit 1 Approaches to economic development 5
Unit 2 Sustainable development and strategic planning 16
Unit 3 Economic reforms in India 50
3
BLOCK 1 ECONOMIC DEVELOPMENT PLANNING AND
ECONOMIC REFORMS IN INDIA
The aim of this block is to present certain concepts related to economic development, its
planning and economic reforms in India.
First unit deals with explaining the basic approaches to economic development. It focuses
on economic growth versus economic development; models of economic development;
measuring economic development and regional policy to encourage economic
development.
Unit 2 discusses concepts related to sustainable development and strategic planning. It
reveals Sustainable development in India followed by the states role in sustainable
development. Other areas of concern will be the role of higher education institutions in
promoting sustainable development, planning, strategies and sustainable development in
Indian context, development of grass root panchayats and NGO‘s and pressure groups to
promote sustainable development in India.
The last unit that is unit 3 presents to you the economic reforms in India. After giving
overview, the unit will move on discussing the rationale for internal and external reforms.
Globalisation along with its advantages and drawbacks will be dealt in detail. India and
the world trade organisation and WTO‘s concerns for India will finally be focused.
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