Prepare Subject

Indian Economy

UPSC EPFO - Indian Economy Syllabus

UPSC EPFO - Indian Economy

Economic growth and development – Basic concept & definition of economy and economics,
Fiscal policy – definition, use and transfer of resources, distributive effects, the distributive impact of economic policies
Inclusion – definition, relevance, types, macroeconomic and microeconomic policy, micro-macro balance, financial inclusion, recent initiatives. component, budget

UPSC EPFO Economy Books

While there isn't one single, perfect book to cover the entire UPSC EPFO Economy section, there are a couple of widely recommended resources that can be a great foundation for your studies:

Indian Economy by Ramesh Singh: This book offers a comprehensive overview of the Indian economy, covering topics from development to agriculture, industry, and the service sector. It's known for its clear explanations and well-structured approach.
Indian Economy by Mishra and Puri: Another excellent choice, this book delves deeper into specific economic concepts and theories. It's a good option if you're looking for a more challenging read that will help you solidify your understanding.

Additional Resources:

NCERT Textbooks (Class XI - Indian Economic Development, Class XII - Macroeconomics) : These NCERT books provide a strong foundational understanding of economic concepts. They're a great way to build your knowledge base before moving on to more advanced materials.
Economic Survey : This annual document published by the Ministry of Finance provides valuable insights into the current state of the Indian economy and the government's economic policies.
Budget Documents : Understanding the Union Budget is crucial for anyone aiming for a career in finance or economics. By studying these documents, you'll gain a deeper understanding of government spending and revenue generation.
Remember, along with these books, practicing with previous years' UPSC EPFO question papers and mock tests is essential to get a feel for the exam format and improve your time management skills.

Most Important Micro Courses from Prelims point of view

Here's a strategy to prepare for the Indian Economy section of the UPSC EPFO exam:

Understanding the Syllabus:

Begin by thoroughly understanding the UPSC EPFO syllabus for the Indian Economy section. This will give you a clear idea of the topics you need to cover.

Building a Foundation:

NCERT books form a strong base for understanding core economic concepts. Start with NCERTs from Class XI and XII on Economics.

Standard Reference Books:

Supplement your NCERT understanding with standard reference books like:

Indian Economy by Ramesh Singh

Macroeconomics by Sanjeev Sanyal

Indian Economy by Dutt & Sundaram

Focus on Current Affairs:

Stay updated on current economic issues and government policies by reading newspapers like The Hindu or The Indian Express, and economic magazines like Business World or Business Today.

Previous Year Papers:

Practice and analyze previous years' UPSC EPFO question papers to understand the exam pattern, weightage of marks given to different topics, and the nature of questions asked.

Answer Writing Practice:

Regularly practice writing answers following the UPSC guidelines. Focus on clarity, conciseness, and structuring your answers well.

Additional Tips:

Making short notes and mindmaps can be helpful for revising complex topics.

Discuss and debate economic concepts with fellow aspirants to improve your understanding.

Enroll in a coaching class if needed for additional guidance and support.

Online Resources:

You can also find helpful resources online, such as:

UPSC websites

YouTube channels focused on UPSC preparation

Online coaching portals