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Course information

Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Semester
Course period Spring
Changes in course schedule may occur
Monday 11.40-14.15, Week 6-13
Time Table Please see course schedule at e-Campus
Max. participants 35
Study board
Study Board for Asian Study Programme
Course coordinator
  • Anthony D'Costa - Department of International Economics and Management
Secretary Marianne Christensen - mc.int@cbs.dk
Main Category of the Course
  • Globalization, International Business, markets and studies
Last updated on 25-10-2012
Learning objectives
The course will prepare students to understand contemporary India in the following ways:
1. Appreciate the social basis of Indian economic transformation
2. Link Indian politics under parliamentary democracy to social and economic mobility
3. State planning, economic reforms, and Indian style globalization
4. Corporate expansion, market development, entrepreneurship, and outward FDI
5. Global developments such as Washington Consensus, WTO, and the Rise of China
The course is designed to prepare students to have a nuanced understanding of transforming India. This means they must know the basics of Indian social structure and changing social institutions, the political framework by which India is governed, the changing policy environment, and its implications for economic development and India’s global engagement. Students will be given basic references to theories and frameworks drawn from a range of disciplines including international business, development studies, economics, politics, and sociology. Cognitively they should know simple economic relationships operating in the context of politics and social change.
Any undergraduate can take this course.
Written Essay, 10 pages
Written Essay, 10 pages:
Type of test Home Assignment
Marking scale 7-step scale
Second examiner No second examiner
Exam period May/June
Aids Please, see the detailed regulations below
Duration Please, see the detailed regulations below

There will be a written take home essay of 10 pages per student.  Group projects are encouraged (with maximum two members in each group).  Each project team will comprise 2 students, with 10 pages per student.  Each student specifies which 10 pages he/she is responsible for and this is used for individual grading. Individual papers will be accepted, max 10 pages.  

The essay will be prepared outside the classroom turned in after the course lecturing is over on a given hand-in date and time.  The paper will be based on the analysis of a topic from a list that the teacher will prepare.  This topic will be related to the objectives outlined above.  Student interest will be also taken into account.  The essay will be turned in on a specific date during the examination period set by the Study Board.

Course content

This course is an introduction to contemporary India. It examines why and how India is participating in the global economy. There are two parts to answering this question. The first has to do with internal changes that are transforming India in economic, political, and social ways. It is argued that such change is creating the foundations for India’s global participation. The second part links these internal changes to shifts in the world economy such as the process of globalization (trade, foreign investment, technology flows), the IT revolution and India’s particular place in it, the Indian diaspora which is linking the global economy with Indian business through technical and commercial knowledge, and India’s increasing global visibility in world affairs. In the best traditions of interdisciplinary studies, this course is historically grounded and integrates social science, economics, and business disciplines in a critical manner. Indian economic development is seen with multilayered interactions between class, caste, ethnicity, and region. Particular attention is given to the role of the Indian state, especially in terms of economic policy, from intervention to liberalization and reforms and increasingly to active global participation. With this course students will be intellectually better prepared to appreciate the complexities of a transforming modern India and the economic and business opportunities and challenges that arise for both India and the world.

Teaching methods
The student will be exposed to specific social science theoretical frameworks that shed light on economic and social transformation and corresponding economic and business frameworks that aim to capture commercial developments. The course readings are important introductions to the various topics and will be complemented by the teacher’s two decades of research on India.
Expected literature


1. Stern, Robert W. 2003, Changing India: Bourgeois Revolution in the Subcontinent, Cambridge: Cambridge University Press (2nd edition) (Stern).

2. D’Costa, A.P. 2005, The Long March to Capitalism: Embougeoisment, Internationalization, and Industrial Transformation in India, Basingstoke Houndmills: Palgrave Macmillan.

Recommended Newspapers/Magazines:

The Statesman, India Today, Business India, Economic and Political Weekly, the Economist, Business Week, the New York Times, Frontline, The Hindu Businessline, Economic Times of India, Times of India.

Other Readings:

Damodaran, H. 2008, India’s New Capitalists: Caste, Business, and Industry in a Modern Nation, Basingstoke Houndmills: Palgrave Macmillan.

D.L. Sheth: “Society” in Bouton, Marshall and Oldenberg, Philip (editors) 1999, India Briefing: A Transformative Fifty Years, Armonk, New York: M.E. Sharpe and Asia Society (pp. 91-120).

Yogendra Yadav “Politics” (pp. 3-38) in Bouton, Marshall and Oldenberg, Philip (editors) 1999, India Briefing: A Transformative Fifty Years, Armonk, New York: M.E. Sharpe and Asia Society.

Dhume, “From Bangalore to Silicon Valley and Back” in Ayres, Alyssa and Oldenburg, Philip (eds.) 2002, India Briefing: Quickening the Pace of Change, Armonk, NY: M.E. Sharpe. (pp. 91-120).

D’Costa, A.P. 2003, Uneven and Combined Development: Understanding India’s Software Exports, World Development, 31 (1), 211-226.


Mukherji, J. “The Indian Economy” in Ayres, Alyssa and Oldenburg, Philip (eds.) 2002, India Briefing: Quickening the Pace of Change, Armonk, NY: M.E. Sharpe. (pp. 55-90).

Basu, K. 2004, The Indian Economy: Up to 1991 and Since, in Basu, K (ed.) 2004, india’s Emerging Economy: Performance and Prospects in the 1990s and Beyond, pp. 1-31


There will be screening of selected videos.

Video: Diverted to Delhi

Video: Emerging Powers: India

Video: Global Software Programmers

Last updated on 25-10-2012