Indian Economy: The Planning Era (1950-1990) and Fiscal Policy

India's rapid economic transformation is rooted in the planning and policy decisions made between 1950 and 1990. This course provides a comprehensive, text-based foundation for understanding the historical context and the current framework of government finance. By the end of this course, you will be able to interpret key economic indicators, analyze historical policy shifts, and confidently explain the process and components of the annual government budget. What you'll learn: * Understand the core concepts of national income accounting, inflation, and Balance of Payments (BoP). * Analyze the objectives, strategies, and outcomes of economic planning during the 1950-1990 era. * Master the structure, components, and classifications used in the modern Union Government Budget. * Apply knowledge of fiscal policy instruments, including taxation, expenditure, deficits, and debt management. * Interpret fundamental economic indicators and evaluate the impact of budgetary decisions on the economy. This course begins with essential economic terminology and then progresses through the historical context of planning before diving into the practical mechanics of the modern budgetary process and fiscal responsibilities. This is a beginner-friendly course requiring absolutely no prior knowledge of economics or finance. Start reading and build a strong foundation in Indian economic history and policy today.