The UPSC Economic Syllabus covers a wide range of topics including economic development in India, poverty and inclusive growth, agriculture, industry, infrastructure, banking and financial institutions, fiscal policy, monetary policy, international trade and organizations, and economic reforms. Prepare for the UPSC examination by understanding key concepts, referring to standard textbooks and reports, staying updated with current affairs, and practicing answer writing. Gain a strong foundation in economics and enhance your knowledge of India’s economic landscape to excel in the UPSC Economy subject.
Economic growth and development – basic concept and definition of economy and economics, uses and transfer of resources, distributive effects, macro and micro economic policy, micro-macro balance, distributive impact of economic policies, development versus growth, determinant of growth and development, concepts such as HPI/MPI, HDI, PQLI, GEM, GDI/GII, TAI, Green index, sustainable development, India’s ranking in the various indices.
Definitions, causes, distribution-deprivation, income versus calories, measurement of poverty, status of poverty, eradication programmes, poverty and resource policy, tribal rights and issues, livelihood mission.
Inclusion – definition, relevance, types, financial inclusion, recent initiatives.
It is important to have a broad understanding of the concept and its application in various fields. Candidates should be familiar with environmental and ecological issues, conservation practices, sustainable agriculture, renewable energy, and other related topics, as these are often asked in the examination in the context of different subjects.
Financing health policy, education policy, sanitation, drinking water, social security, infrastructure policy, international trade issues, regional cooperation.
- Indian Economy and issues relating to planning, mobilization of resources, development, growth and employment.
- Inclusive growth
- Major cropping patterns in different parts of the country, different types of irrigation, transport and marketing of agricultural produce and issues and associated constraints; e-technology for
- Direct and indirect farm subsidies and minimum support prices; PDS- objectives, functioning, limitations; issues of buffer stocks, food security; economics of animal-rearing, Technology missions.
- Food processing and related industries
- Land reforms
- Effects of liberalisation
- Infrastructure: energy, roads, ports, airports and railways
- Investment models
|Topic||Probability Number of Question|
|Indian Economy||40% – 45%|
|Micro and Macro Economics||40% – 35%|
|Money , Banking & Public Finance||20% – 15%|
|International Economics||15% – 10%|
|Growth and Development||15% – 10%|
|Statistics||10% – 5%|
Suggested study material
Unsolved paper since 2012
Your Note / Class Note
Like – The Hindu , Indian Express , Economic Times
IMPORTANT TOPICS TO FOCUS ON:
- Features of Indian Economy – division of economic activities, poverty, unemployment, HDR, measures to eradicate poverty
- Basic Economic Indicators – national income, price index, production, population, foreign trade
- Population – growth, census, consumption pattern (energy)
- National income – concepts, methods of calculation
- Agriculture – crops, seasons, agricultural credit agencies, Kisan Credit agencies, land reforms, insurance, green, white, blue, yellow revolutions, irrigation
- Industry – industrial policies (1948, 1956, 1991), small scale industries, key industries, industrial sickness, the different committees, disinvestment, PSU policy, industrial finance
- Foreign trade – composition, direction, EXIM policy, WTO, balance of payments, measures to improve foreign trade
- Money and banking – Money market, credit control (different rates), commercial banks, cooperative banks, NBFCs, committees, SEBI, stock market developments, insurance industry, new banking sector reforms, money supply measures, inflation, deflation
- International organisations
- Planning commission – five year plans
- Public finance – finance commission, taxation, deficit financing, public spending and debt
It is a part of GS – III syllabus, Check This – https://upsc.ind.in/general-studies/