Indian Economy is one of the toughest subjects in comparison of other mainstream subjects of UPSC IAS Syllabus. Particularly, GS Economy is technical than other subjects and the aspirants must not skip to study it. The reason is that while you are writing answers of other GS subjects of IAS Mains Exam you may require to mention the economic dimensions of questions asked. The aspirants must have the prime motive of scoring good in every subject either it is Economy, Polity, Geography, History, Science and Technology or Environment and Ecology, they have to study all the subjects as well during IAS Preparation.
Indian Economy Prelims Syllabus
Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.
Indian Economy Mains 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.
How to tackle Economy For IAS Exam
Initially, it is obvious that an aspirant with non economics background will find it difficult to understand the various terms of GS Economy but the aspirants should not feel as disappointing. Before going into the next level of IAS Preparation, they should compulsorily finish the basic study materials first which I would like to mention here.
- NCERT Class X – Understanding Economic Development
- NCERT Class XI – Indian Economic Development
- NCERT Class XII – Macroeconomics
- Daily Newspaper- any one standard Newspaper
The above study materials are much helpful for static as well as for dynamic portion of GS Economy section. The aspirants must revise these books 2-3 times which will make their basic concepts of Economy clear and broader. Usually, the aspirants find it difficult to understand the economy articles given in the newspapers or any business magazine but after studying the above NCERT books helps them to understand the recent events of an economy.
After revising these books, the aspirants should go for the next level of their preparation and they should study Indian Economy for Civil Services Examinations by Ramesh Singh of TMH publication. In market there are lot of books available for Indian Economy but the IAS aspirants should not waste their precious time on reading number of books.