Economic Policies in India — What This Subject Is About
Engineering does not happen in a vacuum — it happens inside an economy, shaped by its policies. Economic Policies in India familiarises you with the basic concepts, structure, problems and issues concerning the Indian economy. This is Open Elective-2, Option 1: you choose either this subject or Mechatronics.
The units are the basic features and problems of the Indian economy, the sectoral composition of the economy, industrial development and policy, economic policies, and the external sector. The first unit carries the most weightage at 23% (08 periods). One honest note: in the PDF the units are numbered 1, 2, 3, 4 and then 6 — there is no Unit 5 heading — and the marks table lists rows 1–5. The unit names below follow the PDF headings exactly. Note the marks: this is a (Q) qualifying subject — 50 marks internal, 2 credits. Passing is compulsory, but the marks do not count for your percentage or division.
Subject 4.7 (Open Elective-2, Theory) (Q) • 50 Marks internal • 2 Credits • L 2 – P 0 • Choose this OR Mechatronics • Qualifying only • 4th Semester — Electrical Engineering • Session 2026–27
What You Will Study
Unit – 1: Basic features and problems of Indian Economy (08 Periods, 23%)
Economic History of India; Nature of Indian Economy, demographic features and Human Development Index, Problems of Poverty, Un employment, Inflation, income inequality, Black money in India.
Unit – 2: Sectorial composition of Indian Economy (05 Periods, 20%)
Issues in Agriculture sector in India, land reforms Green Revolution and agriculture policies of India.
Unit – 3: Industrial development, small scale and cottage industries, industrial Policy, Public sector in India, service sector in India (04 Periods, 17%)
Industrial development, small scale and cottage industries, industrial Policy, Public sector in India, service sector in India.
Unit – 4: Economic Policies (06 Periods, 20%)
Economic Planning in India, Planning commission v/s NITI Aayog, Five Year Plans, monetary policy in India, Fiscal Policy in India, Centre state Finance Relations, Finance commission in India. LPG policy in India.
Unit – 6: External sector in India (05 Periods, 20%)
India's foreign trade value composition and direction, India Balance of payment since 1991, FDI in India, Impact of Globalization on Indian Economy, WTO and India.
Complete Syllabus
The full examination scheme, the complete practicals list and the reference books from the official syllabus. The unit-wise topics are in the "What You Will Study" section above.
Examination Scheme
| Code | Paper | Type | L – P | Credits | Internal | External | Total |
|---|---|---|---|---|---|---|---|
| 4.7 | Economic Policies in India (Open Elective-2) | Theory (Q) | 2 – 0 | 2 | 50 | — | NA |
| Open Elective-2 Total | 2 | 50 | — | NA | |||
Units at a Glance
| Unit | Topic | Periods | Marks Share |
|---|---|---|---|
| 1 | Basic features and problems of Indian Economy | 08 | 23% |
| 2 | Sectorial composition of Indian Economy | 05 | 20% |
| 3 | Industrial development, small scale and cottage industries, industrial Policy, Public sector in India, service sector in India | 04 | 17% |
| 4 | Economic Policies | 06 | 20% |
| 6 | External sector in India | 05 | 20% |
Reference Books
As listed in the syllabus:
- Dutt Rudder and K.P.M Sunderam (2017). Indian Economy. S Chand & Co. Ltd. New Delhi
- Mishra S.K & V.K Puri (2017). Indian Economy and – Its Development Experience. Himalaya Publishing House
- Singh, Ramesh, (2016): Indian Economy, Tata-McGraw Hill Publications, New Delhi
- Dhingra, I.C., (2017): March of the Indian Economy, Heed Publications Pvt. Ltd.
- Karam Singh Gill, (1978): Evolution of the Indian Economy, NCERT, New Delhi
- Kaushik Basu (2007): The Oxford Companion to Economics of India, Oxford University Press
Frequently Asked Questions
How many marks is Economic Policies in India worth in the 4th semester?
It is a (Q) qualifying subject — 50 marks internal, 2 credits. Passing is compulsory, but the marks are not included for percentage and division.
Which unit carries the most weightage in Economic Policies in India?
Basic features and problems of Indian Economy, 23% (08 periods).
Is there any practical work in Economic Policies in India?
No — the official syllabus lists no practicals for this subject.
Which books should I read for Economic Policies in India?
6 reference books are listed in the official syllabus — the full list is in the Complete Syllabus section above.
How can I download the Economic Policies in India syllabus PDF?
The PDF is free to download — use the download link in the Download section below. It is prepared by KAMALDNP Academy from the official BTEUP syllabus.
Should I choose Economic Policies in India or Mechatronics?
Both are the two options of Open Elective-2 (4.7) — you choose one. Economic Policies in India is about the Indian economy, its sectors, industrial policy, planning, monetary and fiscal policy, and foreign trade; Mechatronics is about mechatronic systems, drives and hydraulics and pneumatics. Check which option your polytechnic offers.
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Download the Economic Policies in India Syllabus PDF
Download the complete Economic Policies in India syllabus PDF below — prepared by KAMALDNP Academy, with the full topic list and reference books.
Download the Economic Policies in India Syllabus PDF
Source: BTEUP 2nd Year Electrical Engineering curriculum (folder2627). The file's cover prints "YEAR 2025-2026", but the approval line "UPDATED AND APPROVED BY BOARD OF TECHNICAL EDUCATION U.P. LUCKNOW IN C.D.C MEETING HELD ON 16.07.2026" appears on every page (95 times), and the file is treated here as the 2026-27 syllabus on the strength of that approval. Topic lists follow the official syllabus; short explanations are the author's own plain-English summaries, not syllabus text. Please confirm with your own polytechnic for any local changes.
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