Programme: MBA – Masters of Business Administration

Teaching-Learning and Evaluation Plan

Course Information:

Course Code : 21MBACC202 Course Title : Indian Economic Policies and Reforms
Credit Units : 2 Total Contact Hours : 30 L-T-P: 30-0-0
CA : UE Weightage : 50 : 50 Pass Marks (CA and UE) : 40% and 40% Aggregate Pass Marks : 40%
UE Question Paper Marks : 100 Special Examination Fees : NA Pre-requisite (if any) : NA
Course Facilitator: Dr. Ajay Massand; Dr. Shakeela Banu, Dr. Xavier V.K., Dr. Salma Begum

Programme Outcomes (POs)

At the end of the programme, learners will be able to:
PO1 Apply knowledge of management theories and practices to solve business problems.
PO2 Foster analytical and critical thinking abilities for data-based decision making.
PO3 Develop value based leadership.

PO4 Understand, analyze and communicate global, economic, legal and ethical aspects of business.

Lead oneself and others in the achievement of organisational goals, contributing effectively to a team
PO5
environment.

Course Objectives
 Discuss the current reforms and policy framework of the Indian economy.
 Examine the importance, causes and impact of growth and development and the policies to achieve
inclusive growth.
 Understand the economic planning system of India and the role of NITI Aayog for the planning.
 Comprehend the integration of economies and crises and changing foreign policy of Indian economy.
 Relate role of Monetary and Fiscal policy with the present macroeconomic indicators of Indian
economy.

Course Outcomes
At the end of the course, learners will be able to:

Sl. Course Description Bloom’s Taxonomy Level

No. Outcome
1. CO1 Assess the present economic policies and reforms in India. Evaluate (5)
2. CO2 Investigate parameters for measuring growth and Analyse (4)
development of Indian economy.
3. CO3 Describe the economic planning systems in India. Understand (2)
4. CO4 Examine the role of India’s foreign policy in the era of Analyse (4)
globalization.
5. CO5 Interpret the role of impact of Monetary and Fiscal policy of Apply (3)
Indian economy.
COs to POs and PSOs Mapping:

PO1 PO2 PO3 PO4 PO5

CO1 2 2 1 3 2
CO2 2 3 1 3 1
CO3 2 2 1 3 1
CO4 2 1 1 3 1
CO5 3 2 1 3 1
Total 11 10 5 15 6
*1 – high; 2 – medium, 3 – low

Course Contents

Module 1: Indian Economic Growth and Development (6 Hours)

Introduction to Indian economy, colonialism and development of the Indian economy; Economic
Transformation from underdeveloped to developed, Socio-economic problems-poverty and inequality;
unemployment, Economic Growth vs Economic Development, Measurement of Development- Human
Development Index (HDI), other measurements for economic development. *

Module 2: Current Economic Policies and Reforms in India (10 Hours)

Economic Policies- New Economic Policy (LPG); Monetary policy, Fiscal policy; Industrial Policy. New Education
Policy and other policies. * Economic reforms- current economic reforms (SAP-Structural Adjustment
Programs, Globalization, Financial Sector Reforms, FDI, Privatization, Disinvestment, Demonetization, GST,
etc.*

Module 3: Economic Planning in India (6 Hours)

Finance commission of India, Planning commission, NITI Aayog, Sectoral development in India, *Five year
planning system. *

Module 4: Indian and Global Economy (8 Hours)

Recent trends in Global economy and its impact on Indian economy, Economic crisis, Balance of Trade, Balance
of Payment, Foreign Trade Policy. –Role of IMF, World Bank*

(* These topics are categorized as ‘Self-learning’ topics and are subjected to testing)

Basic Texts
1. Kapila U. (2020). Indian Economy: Performance and policies, Academic Foundation; 18th Revised
edition.
References

1) Datt R. & Sundharam (2019). 72nd edition, Indian Economy, S. Chand & co.
2) Agrawal, A. N., & Agrawal, M. K. (2019). Indian Economy, New Age International Publishers.
3) Sarkar J. (2019). The Indian Economy: Policies, Practices and Heresies, Pearson Education India.
4) Krueger, A. O. (Ed.). (2002). Economic policy reforms and the Indian economy. University of Chicago
Press.
Other reading material

Ahluwalia, I. J., & Little, I. M. D. (2012). India's economic reforms and development: Essays for Manmohan
Singh. Oxford University Press. Retrieved from
https://EconPapers.repec.org/RePEc:oxp:obooks:9780198082231.
Srinivasan, T. N. (2003). Indian economic reforms: a stocktaking. Stanford Centre for International
Development, Working Paper, 190. Retrieved from
scid.stanford.edu/sites/default/files/publications/190wp.pdf

Massand, A. B., & Gopalakrishna, B. V. (2017). Determinants of Bank Foreign Direct Investment Inflow in India:
A Dynamic Panel Data Approach. IIM Kozhikode Society & Management Review, 6(1), 13-22. Retrieved from
http://journals.sagepub.com/doi/full/10.1177/2277975216674049

Massand, A., Lodi, M. K., & Ambreen, L. (2020). Atmanirbhar Bharat: Economic, Legal, and Social
Aspects. International Journal of Management (IJM), 11(6).

Eichenbaum, M. S., Rebelo, S., & Trabandt, M. (2020). The macroeconomics of epidemics (No. w26882).
National Bureau of Economic Research.

Websites:

https://aatmanirbharbharat.mygov.in/
https://www.rbi.org.in/
http://niti.gov.in/

Session-Wise Plan

Modul Session Topic Readings and Pedagogy/ Activity Planned CO Mode of

e References Delivery
Modul 1 Introduction to the https:// Highlighting the current CO1 Synchronou
e 1: Indian economy www.youtube.com/ situation of the Indian s
Indian watch? economy and global
PPT and
Econo v=d491MObou0I economy.
Discussion
mic https://
Discussion on What
Growt www.youtube.com/
Students think and know
h and watch?
about the present situation
Develo v=Zw1PHV7AbHQ
of the Indian economy.
pment https://
www.youtube.com/
watch?
v=PJVETehzTJ8

2 Colonialism and https:// Story Telling of the history CO Synchronou

development of the www.youtube.com/ of the Indian Economy. 2 s PPT,
Indian economy watch? Case Study: Impact of British Documentar
v=Os0uZNBUsBY rule in India y, and
Discussion
3 Economic https:// Understanding socio- CO *Asynchron
Transformation from www.youtube.com/ economic problems of India. 2 ous –
underdeveloped to watch? Discussion, Article reading. Watching
developed, Socio- v=Q8aURpN4Gqk videos and
economic problems- browsing
poverty and https:// information
inequality; ro.uow.edu.au/cgi/
unemployment, viewcontent.cgi?
article=2196&context
=aabfj

4 Economic Growth vs https:// Debate-Why India is still a CO Synchronou

Economic www.youtube.com/ developing country? 2 s PPT, Video
Development watch? Documentar
v=TsQFJaM0CcQ y, and
Discussion

5 Socio-economic https:// Data based Activity- CO *Asynchron

indicators, Measures www.rbi.org.in/ Finding data on the Indian 2 ous Data
of Economic Growth Scripts/ economy. Sources for macro based
and development PublicationsView.asp data on Indian economy learning
x?id=19734 exercise

RBI Annual
Publications-
Handbook of
Statistics on Indian
economy

https://
www.youtube.com/
watch?
v=iWufFRnelkM

6 Economic Growth vs https://www.linkedin.com/ CO *Asynchron

Economic learning/economic- 2 ous self-
Development indicators/welcome-to-the- paced
learning
 course?u=92695330 through
LinkedIn
https://www.linkedin.com/
learning/search?
keywords=poverty&u=9269
5330

Modul 7 Economic Policies- https:// Story Telling-India’s CO1 Synchronou

e 2: New Economic Policy www.youtube.com/ economic reforms, video s PPT and
Curren (LPG), Industrial watch? documentary, history. video
t Policy v=WYaIXWd9a2U&t documentar
Econo =213s y, Discussion
mic
Policie 8 Foreign Direct https://dipp.gov.in/ Discussion on FDI Policy CO1 Synchronou
s and Investment (FDI) sites/default/files/ 2020 s PPT and
Refor FDI-PolicyCircular- Discussion
ms in 2020-
India 29October2020_0.pd
f

9 Monetary policy https:// Explanations of Monetary CO Synchronou

www.rbi.org.in/ Policy and Review of Policy 5 s PPT and
Scripts/ by discussion Discussion
BS_PressReleaseDispl
ay.aspx?prid=51077
https://
www.youtube.com/
watch?v=a-
ncEeyjz5M

https://
www.youtube.com/
watch?v=aP5-
dSrNRWI

10 Monetary policy https:// Analysis and Interpretation CO Synchronou

www.rbi.org.in/ of current Monetary Policy 5 s Class
Scripts/ discussion
BS_PressReleaseDispl
ay.aspx?prid=51077
https://
www.youtube.com/
watch?v=a-
ncEeyjz5M

https://
www.youtube.com/
watch?v=aP5-
dSrNRWI

11 Fiscal policy https:// Describing the fiscal CO Synchronou

www.youtube.com/ implication based on the 5 s PPT and
watch? Union Budget 2022. Discussion
v=aVAEa87TMnA Discussion on Impact of
Present Budget on Indian
https://
 www.youtube.com/ Economy.
watch?
v=gUrfn6mlcag

https://
www.indiabudget.go
v.in/

12 Economic reforms- dgft.gov.in/CP/? Discussion and CO1 Synchronou

current economic opt=ft-policy Understanding of New s PPT,
reforms (SAP- https://dpiit.gov.in/ Foreign economic policies videos, and
Structural publications/fdi- and reforms by Indian discussion
Adjustment statistics Government. How it will
Programs, affect Indian businesses in
Globalization, the global market?
Financial Sector
Reforms, FDI,
Privatization,
Disinvestment

13 Union Budget https:// How recent fiscal policy will CO Synchronou

www.indiabudget.go impact boosting the Indian 5 s guest
v.in/doc/ economy? lecture
Budget_Speech.pdf Guest Lecture delivered by
Modul
Industry
e 3:
Practitioner
Econo
mic 14 Recent Economic Guest Lecture CO1 *Synchrono
Planni Reforms us guest
ng in lecture
India delivered by
Industry
Practitioner

15 Recent Economic Students’ Video CO1 *Asynchron

Policies and Reforms- Presentation on Economic ous group
Disinvestment Policies and Reforms activity -
graded

16 Recent Economic Students’ Video CO1 *Asynchron

Policies and Reforms- Presentation on Economic ous group
New Education Policy Policies and Reforms activity -
graded

17 Recent Economic Students’ Video CO1 *Asynchron

Policies and Reforms- Presentation on Economic ous group
GST Policies and Reforms activity -
graded

18 Economic Planning- https:// Five Year Economic Planning CO Synchronou

Planning Commission www.youtube.com/ in India. Origin, Purpose, 3 s PPT and
watch?v=R-ihAi0V8jQ Present situation -discussion discussion
https://
www.youtube.com/
watch?
v=uDyAWpkWwJg
 19 Finance Commission https:// Finance Commission Vs CO Synchronou
of India fincomindia.nic.in/ Planning Commission, 3 s PPT and
ShowContent.aspx? Redefined role of States in discussion
uid1=2&uid2=1&uid3 Economic Planning.
=0&uid4=0

20 NITI Aayog https:// SDG Goals, Atmanirbhar CO *Synchrono

www.youtube.com/ Bharat- Industry guest 3 us work-
watch? lecture shop
v=ETJVno3kKOM&fea delivered by
ture=emb_logo Industry
https:// Practitioner
www.niti.gov.in/
sites/default/files/
2021-02/OUTPUT-
OUTCOMEMONIROI
NG-FRAMEWORK-
2021-22.pdf

21 Sectoral https:// Agriculture bills passed in CO Synchronou

development in India krishijagran.com/ 2020 and other initiatives by 3 s PPT and
agripedia/list-of- GOI discussion
recent-major-
government-
Modul initiatives-in-the-
e 4: agricultural-sector/
Indian
and https://pib.gov.in/
Global PressReleaseIframeP
Econo age.aspx?
my PRID=1655890

22 Atmanirbhar Bharat https:// Case Study CO *Asynchron

Abhiyan aatmanirbharbharat. 1 ous group
mygov.in/ activity -
graded
Massand, A., Lodi, M.
K., & Ambreen, L.
(2020). Atmanirbhar
Bharat: Economic,
Legal, and Social
Aspects. Internationa
l Journal of
Management
(IJM), 11(6).

23 Government https:// Case Study –e.g. Agriculture CO *Asynchron

Initiatives and Recent krishijagran.com/ bills passed in 2020 and 1 ous group
developments In agripedia/list-of- other initiatives by GOI activity -
Agriculture, recent-major- graded
Manufacturing and government-
Services sector initiatives-in-the-
agricultural-sector/

https://pib.gov.in/
PressReleaseIframeP
 age.aspx?
PRID=1655890

24 Recent trends in Industry guest lecture CO *Synchrono

Global economy and 4 us work-
its impact on Indian shop
economy delivered by
Industry
Practitioner

25 Economic crisis- Industry guest lecture CO *Synchrono

Global 4 us work-
shop
delivered by
Industry
Practitioner

26 Balance of Trade, http://mospi.nic.in/ CO Synchronou

Balance of Payment sites/default/files/ 4 s PPT and
Statistical_year_book discussion
_india_chapters/
Chapter%20No.4.pdf

27 Foreign Trade Policy https:// CO Synchronou

www.dgft.gov.in/ 4 s PPT and
CP/?opt=ft-policy discussion

28 Role of IMF, World https:// Industry guest lecture CO *Synchrono

Bank-in global www.imf.org/en/ 4 us work-
economy Home shop
https:// delivered by
www.worldbank.org/ Industry
en/home Practitioner

29 Economic crisis- Kumar, R., & Case Study analysis- CO Synchronou

Linkages of Indian Vashisht, P. (2009). discussion 4 s PPT and
and global The global economic discussion
economies crisis: Impact on India
and policy responses.

30 IMF, World Bank and https://www.linkedin.com/ CO *Asynchron

Global economic learning/economic- 4 ous self-
Policies. indicators/imf-quarterly- paced
gdp-forecasts?u=92695330 learning
through
LinkedIn

Module TAP Sessions / Hours

1 T & A : Faculty Facilitated sessions 14
2 A & P : Post Class Readings / activities / LMS discussions 2
3 A & P : Post Class Assessment Components 5
4 A & P : Industry Practitioner’s Sessions / Workshops 6
5 T,A & P : Self-Paced LinkedIn Learning courses / certifications 3
Total 30
Assessment Scheme (CA: UE - 50: 50)

Formative /
Sl. No. Assessment Details Frequency Weightage CO
Summative
Individual Assignment:
1 Formative Continuous 10% CO1 and CO2
Case Study Analysis
Group Assignment: Debate CO1, CO4 and
2 Formative 1 10%
on Policies and Reforms CO5
Individual Assignment : CO1, CO2, CO3,
3 Formative 1 10%
MCQ Test CO4 and CO5
Class Participation-Class
CO1, CO2, CO3,
4 Performance and IEMUN Formative 1 10%
CO4 and CO5
Presentation
CO1, CO2, CO3,
5 Block-End Test Summative 1 10%
CO4 and CO5
End Semester CO1, CO2, CO3,
6 Summative 1 50%
Examination(UE) CO4 and CO5

Blooms Taxonomy
 IEP CIA-1 Case Study Analysis

COs mapped: CO1 and CO2

1. CO1 Assess the present economic policies and reforms Evaluate (5)
in India.
2. CO2 Investigate parameters for measuring growth and Analyse (4)
development of Indian economy.

Points to be noted

⮚ Students need to read and analyse the case in a group but the report submission
has to be Individual.
⮚ After discussion, you need to write a summary of the case, identify the problem
(if any) in the case, and answer the questions.
⮚ There will be viva voce for the case study analysis (in a group).

⮚ The following rubrics will be followed for evaluation

Assig Particulars Assessment marks distribution To

nment tal
Excellent Good Fair Poor Very poor
no. M
(100%) (80%) (60%) (40%) (20%)
ar
ks

3. Case Study: Can Can Can Can Cannot

understand fairly understan understan understan
a. Indivi
the case, understan d the d the d the case,
dual
d the case, case, but cannot
Report Identify
case, cannot
the Identify identify
problem in identify the identify the 50
the case the problem the problem
and relate problem in the problem in the case
it well. in the case but in the and
case and cannot case and cannot
relate it relate. cannot relate it
relate it

b. viva Learner Learner Learner Learner Learner 50

could could could could not could
analyse analyse analyse analyse neither
the case the case the case the case analyse
and and and and the case
 answer all could could could and nor
the answer answer to answer to answer
questions fairly to at least at least even one
of all the one one question
concepts questions question question satisfactor
and of of of ily
applicatio concepts concepts concepts
n. and and and but
applicati applicati not on
on on the
applicati
on

IEP CIA-2

Group Presentation on Economic Policies & Reforms

Syllabus: Module-3

CO Mapped: CO1, CO4, and CO5

Assess the present economic policies and reforms in

CO1 Evaluate (5)
India.
Examine the role of India’s foreign policy in the era of
CO4 Analyse (4)
globalization.
Interpret the impact of Monetary and Fiscal policy of
CO5 Apply (3)
Indian economy.

S.I. Topics Groups

Monetary Policy Review

1 Group-1:
(held on 10th February 2022)

Review of Union Budget 2022-23

2 Group 2

3 Atmanirbhar Bharat Package-Impact Group 3

Disinvestment
4 Group 4

5 GST Group 5
 6 Taxation on Digital Assets Group 6

The stimulus package by the Indian Government during

7 Group-7
COVID times

8 An Analysis of the Impact of Foreign Direct Group-8

Investment on the Indian Economy

9 Union Budget 2023-Agriculture sector Group-9

10 Review of New Education Policy Group-10

11 Make in India

*topics are tentative and may change based on faculty facilitator

Rubrics to be followed for CIA-2

Assignment Particulars Assessment marks distribution Total

no. Marks

100
Excellent Good Fair (60%) Poor (40%) Very poor
(100%) (80%) (20%) (conve
rted
into
10)

2. Group Learner Learner Learner Learner Learner 20

Presentation could could could could not could not
on Economic Present Present Present Present Present
Policies well, put well, put well, put well and well
its points its points its points put its
a. based on based on points and not
Presentation the fact the fact But not able to
and and from the But not bring the
figures, figures, fact and from the points
updated but less figures, fact and from the
on knowledge and less figures, fact and
knowledge of current knowledge and less figures, no
of current policy of current knowledge knowledge
policy. policy of current of current
policy policy
 Learner Learner Learner Learner Learner 50
was was good was fair in was poor could not
excellent in analyzing in analyze
in analyzing and analyzing and
analyzing and interpretin and interpretin
and interpretin g the interpretin g the
interpretin g the policy or g the policy or
g the policy or reforms. policy or reforms.
policy or reforms. reforms.
reforms.

b. Group Well Well Fairly well Fairly well Neither 30

Report written, written, written, written, written
structured, structured, structured, but not properly,
and but not but not structured nor
concluded concluded concluded properly structured,
well well and not and
concluded
concluded well
well

IEP-3 MCQ Test

Syllabus: Module-3

CO Mapped: CO1, CO2, CO3, CO4, and CO5

Sample MCQs are attached