Savitribai Phule Pune University, Pune

Third Year, B.Com. (Core Course)

Semester - VI Subject: Indian & Global Economic Development Course Code: 363
Total Credits: 3

Preamble:
An approach to Indian and Global Economic Development is to examine the Indian economic development policies in context
with global economies. This paper aims to provide knowledge about economic development of India, economic development policies
that are applied for development of economy in general and development of various sectors in particular. It also aims to develop
ability of the students to analyze the development of Indian economy as compared to global economies through the comparison of
different sectors like agriculture, Industry, service and availability of resources and its quality.
Scope of the Programme –
Knowledge related to development policies of Indian Economy as compared to World Economies.
Objectives:
1. To develop ability of students to analyze economic development process of India.
2. To acquaint the students with the knowledge of recent trends in Human Development Index.
3. To acquaint students with the emerging issues in policies of India’s foreign trade.
4. To update the students about International institutions and organizations.
Course Outcomes:-
1. Students will be able to understand the concept of Human Resource Development.
2. Students will be able to understand the role of foreign capital in Economic Development.
3. Students will be able to critically evaluate the Indian Foreign Trade Policy.
4. Students will be able to analyzethe role of International Financial Institutions.
5. Students will be able to evaluate the success of Regional Economic Cooperation’s.

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Unit
Topic Purpose & Skills to be Developed
No.
Human Resources and Economic Development
1.1 Role of Human Resources in Economic Development
1.2 Human Development Index and India
1.3 Concepts of Different Indexes in Quality of Life and Purpose: To make the students aware of concepts related to
Unit 1 Status of India Human Development and HDI
1.3.1 Gender Development Index Skills: Analyze & think critically, develop writing skills.
1.3.2 Gender Inequality Index
1.3.3 Human Poverty Index
1.3.4 Global Hunger Index
Foreign Capital and Economic Development
2.1 Role of Foreign Capital in Economic Development Purpose: To give the knowledge to students about Foreign
Unit 2 2.2 Types of Foreign Capital Capital and issues related to Foreign capital in India.
2.3 Foreign Investment in India Since 2001 Skills: Analyze & think critically, develop writing skills.
2.4 Limitations of Foreign Capital
India’s Foreign Trade and Balance of Payment Purpose: To make aware to students about the situation of
3.1 Role of Foreign Trade in Indian Economic Foreign Trade and Balance of Payments.
Development Skills: Analyze & think critically, develop writing skills.
3.2 India’s Foreign Trade Since 2001
3.3 India’s Recent Foreign Trade Policy
Unit 3 (EXIM Policy)
3.4 Meaning and Components of Balance of Payment
3.5 India’s Balance of Payment Since 2001
3.6 Causes of Unfavorable Balance of Payment
3.7 Convertibility of Indian Rupee – Current and Capital
Account

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 International Financial Institutions & Regional Purpose: To give the knowledge to students about
Economic Cooperation International Financial Institutions and Regional Economic
4.1 International Bank for Reconstruction and Cooperation
Development (World Bank) - Objectives and Functions Skills: Analyze & think critically, develop writing skills.
4.2 International Monetary Fund (IMF) - Organization and
Unit 4 Functions
4.3 World Trade Organization (WTO) - Introduction and
Functions
4.4 South Asian Association for Regional
Co-operation (SAARC) – Introduction and Functions
4.5 BRICS: Introduction and Functions

Teaching methodology:
Innovative Film shows
UnitN Total
methods and AV Project Expected Outcome
o. Lectures
to beused Applications
• Open Book
discussion • Implication of HDI • Students will understand concepts of
• You tube
• Casestudies • Policies of Indian Development
lectures
• Problem Government for improving • Will be able to critically evaluate
1 10 • Films
solvingbased Human Quality status of India as compared to world
learning
• Digital
• You tube • Role of Foreign Capital in
lectures • Will understand the concepts of
2 10 lectures Developing Countries
• Project based Foreign Capital
• Online PPTs • Concepts of Foreign Capital
learning

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 • Pair learning • Films • Role of Foreign Trade in
• Group • You tube Development of Developing • Will understand the concepts of
discussion lectures Countries Balance of Trade and Balance of
3 14 • PPTs made • Trends of Trade in developed Payment
by Teachers and developing countries • Will able to make comparison of
• Concepts of Balance of Trade Indian trade with other countries
and Balance of Payments
• Group • You tube • Role of International • Will understand the importance of
discussion lectures Financial Institutions In International Financial Institutions.
• Teacher driven • Online Development of Developing • Will be able the Organization and
4 14
power point PPTs Countries Functions of International Cooperation
presentation • Importance of Economic Organizations
Cooperation in Development

Recommended Books:
1. Misra S.K. and Puri V.K. Indian Economy, Himalaya Publishing House, Delhi.
2. Black and Sundaram,International Business Environment, Prentice Hall India.
3. TayebmonisH.,The Global Business Environment, Sage Publication, New Delhi.
4. Charles Hill, International Business, Competing in the Global Market place, Arunkumar Jain, Tata McGraw Hill.
5. Jhingan M.L., International Economics, Vrinda Publications, Delhi.
6. RuddarDatta and K.P.M. Sundaram, Indian Economy, S. Chand and Co., New Delhi.
7. Agarwal A.N., Indian Economy, Problems of Development and Planning, New Age International Publishers.
8. Bhole, L.M., impacts of Monetary Policy, Himalaya Publishing House, New Delhi.
9. JaywantR.Bhadane, (2018) Foreign Policy of NarendraModi, International Publi.
10. Brics development bank launched, first president to be from India, Times of India July 16,2014
11. Ministry of Finance, Government of India (Oxford Press), Economic Survey 2020.
12. Arun Kumar, International Business- competing in the Global Marketplace- Charles Hill.
13. UNDP, Human Development Report.
14. World Bank, World Development Report
15. Magazines / Journals Reports,
16. Web sites:
• www.,mospi.gov.in/national-sample-survey-office-nsso- (Ministry of Statistics and Programme Implementation, GoI)

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• https://www.yourarticlelibrary.com/economics/foreign-capital-in-india-need-and-forms-of-foreign-capital/23565
• https://www.iedunote.com/foreign-trade
• https://www.vedantu.com/commerce/liberalisation
• https://ncert.nic.in/textbook/pdf/keec103.pdf
• http://hdr.undp.org/en/content/latest-human-development-index-ranking
• https://communitymedicine4all.com/2019/12/24/human-poverty-index-hpi-and-multidimensional-poverty-index-mpi/
• https://resourcewatch.org/data/explore/Gender-Development-Index
• https://en.wikipedia.org/wiki/Brexit#:~:text=Brexit%20(%2F%CB%88br%C9%9B,(00%3A00%20CET).
• https://www.sebi.gov.in
• https://www.rbi.org.in – (Reserve Bank of India)

OR

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