Indian Economy: An introduction

 Indian Economy: An Introduction

One of the major portion of GS Paper III of UPSC Mains examination is Indian Economy.

So the main question which arises is:

How to prepare Indian Economy (Economics) for UPSC CSE Mains Examination? 

The preparation of any subject usually stands on 4 pillars of strategy.

1. Syllabus (which is already provided by UPSC)
2. Key terms with concept (including definitions and their features)
3. Previous year questions (PYQs)
4. Answer writing practice

One of the most important thing which should be kept in mind while preparing Economics is to read the Budget and Economic Survey of India thoroughly. 

Also, some of the data/fact related to Indian Economy (such as rank/performance of India in various global reports) must be kept in mind as it is proved to be very useful while writing answer in examination.

Syllabus 

• Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 
• Inclusive growth and issues arising from it. 
• Government Budgeting. 
• Major crops-cropping patterns in various parts of the country, - different types of irrigation and irrigation systems storage, transport and marketing of agricultural produce and issues and related constraints; e-technology in the aid of farmers. 
• Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System - objectives, functioning, limitations, revamping; issues of buffer stocks and food security; Technology missions; economics of animal-rearing. 
• Food processing and related industries in India- scope’ and significance, location, upstream and downstream requirements, supply chain management. 
• Land reforms in India. 
• Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth. 
• Infrastructure: Energy, Ports, Roads, Airports, Railways etc. 
• Investment models. 

Reference books:

1. NCERT Books - Click here to buy 
2. Indian Economy by Ramesh Singh - Click here to buy 

Next Article - Features of Indian Economy 

Notes on other subjects 

Ancient History

Medieval History

Modern History

Art & Culture

Polity

Geography

International Relations

Society

Ethics

Optional Subject 

Public Administration

Note - This is my Vision IAS Notes (Vision IAS Class Notes) and Ashutosh Pandey Sir's Public Administration Class notes. I've also added some of the information on my own. 

Hope! It will help you to achieve your dream of getting selected in Civil Services Examination 👍