What is the course about?
Explore and assess India’s potential to be the next global economic powerhouse. This interactive lecture-based course will give you an overview of the current state of India’s economy and its future prospects, critically assessing both opportunities and remaining challenges. You will learn about India’s road to economic development taken so far, looking at past economic reforms and their impact on the country’s growth. In so doing, the course provides the historical context for evaluating India’s place in the world economy for the coming years.
What will we cover?
-Historical overview of India’s economic growth and economic reforms since its independence in 1947
-Characteristics of India’s capitalism – comparative advantages over other emerging market economies
-Identifying the most important challenges to economic growth (skill development and employment for the future workforce, a more inclusive growth model that includes rural India and a good healthcare infrastructure)
-Possible solutions to these policy dilemmas (reskilling programmes, higher labour market participation rates for women, infrastructure development programmes in rural India…).
What will I achieve?
By the end of this course you should be able to...
- Critically assess India’s potential to be the next global economic powerhouse
- Develop a good understanding of the economic reforms taken so far and their significance for India’s economic development
- Explain and analyse some of the remaining challenges that hamper India’s economic growth and the country’s development at large
- Assess the current state of India’s economy and anticipate its likely role in the world economy in the coming years.
What level is the course and do I need any particular skills?
No previous knowledge is required as this is an introductory course. However, an interest in current affairs may prove helpful to understand and analyse the latest trends and developments in India’s economy. You will gain more from the course both in terms of enjoyment and learning outcomes if you follow the news. All the economic concepts necessary to understand the state of India’s economy will be covered in class.
How will I be taught, and will there be any work outside the class?
A mixture of lectures/ short presentations by the tutor, Q&A, pair/group work and class discussions. A comprehensive bibliography will be given at the beginning of the course. Also, (brief) supplementary reading materials will be handed out at the end of each session. These will mostly cover issues raised in the news regarding India’s economy. While this supplementary reading is not a course requirement, course participants will benefit more from the course if they do some of the supplementary readings recommended by the course tutor. Please note, that as the course progresses, course participants are encouraged to take a more active part in the course – this will be achieved through a mixture of smaller group work but also class discussions.
Are there any other costs? Is there anything I need to bring?
Although you are not required to buy anything, you may wish to buy books, current affairs magazines or attend talks on India’s economy to deepen your understanding of the issues raised in the class. However, please note that this is not necessary to follow the class as such.
When I've finished, what course can I do next?
You may be interested in the range of courses available in our India season. For this, as well as our range of economics, history and politics classes, please see our website.