Comprehensive Economy Preparation
This section covers all aspects of Indian Economy from basic concepts to advanced topics like fiscal policy, banking, and economic reforms. Organized systematically with clear explanations, diagrams, and current data to help you master the economy syllabus for UPSC.
Micro & Macro Economics
Difference between micro and macro economics, their scope and importance
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National Income Accounting
GDP, GNP, NNP, NDP at market price and factor cost, calculation methods
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Inflation
CPI, WPI, causes, effects, measures to control inflation
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Deflation & Stagflation
Concepts of deflation, stagflation, reflation with examples
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Money & Its Functions
Evolution of money, types and functions of money in economy
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Demand & Supply
Law of demand and supply, elasticity concepts and applications
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Fiscal & Monetary Policy
Objectives, tools and differences between fiscal and monetary policies
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Banking Structure in India
Scheduled, non-scheduled banks, public, private and foreign banks
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RBI Functions
Role and functions of Reserve Bank of India as central bank
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Monetary Policy Tools
CRR, SLR, Repo, Reverse Repo rates and their impact
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NPAs & Banking Reforms
Non-performing assets, IBC, banking sector reforms
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Digital Payments
UPI, digital wallets, payment systems and their regulation
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Basel Norms
Basel I, II, III accords and their implementation in India
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Types of Taxes
Direct and indirect taxes, progressive and regressive taxes
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Goods & Services Tax
GST structure, slabs, council, benefits and challenges
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Tax Reforms
Tax buoyancy, Laffer curve, recent tax reforms in India
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Finance Commission
Role, functions and recommendations of Finance Commission
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Balance of Payments
Current account, capital account and their components
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Exchange Rate System
Fixed vs floating exchange rate, rupee convertibility
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Foreign Exchange Reserves
Composition, importance and management of forex reserves
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FDI & FPI
Foreign Direct Investment vs Foreign Portfolio Investment
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Trade Agreements & WTO
India's trade agreements, WTO and its impact on India
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Poverty & Unemployment
Measurement, causes, government measures to address them
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Inequality & Human Development
Gini coefficient, Lorenz curve, HDI and other indices
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Sustainable Development
SDGs, green GDP, circular economy concepts
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Demographic Dividend
Opportunities and challenges of India's young population
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Inclusive Growth
Strategies for inclusive growth, measurement parameters
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Rural & Urban Development
Rural-urban divide, migration, smart cities mission
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Economic Planning
Five-Year Plans, NITI Aayog, comparison with Planning Commission
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1991 LPG Reforms
Liberalization, Privatization, Globalization reforms
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Public Sector & Disinvestment
Disinvestment policy, strategic and non-strategic sectors
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Infrastructure Development
Roads, railways, power, ports and their financing
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Make in India
Objectives, sectors, achievements and challenges
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Startup India
Startup ecosystem, government initiatives and funding
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Agricultural Pricing
MSP, procurement, issues with agricultural pricing
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Land Reforms
Historical land reforms, current land leasing policies
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Crop Insurance & Irrigation
PM Fasal Bima Yojana, irrigation schemes
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Agricultural Marketing
APMCs, e-NAM, contract farming reforms
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Industrial Policy
Industrial policies since 1948, Make in India initiative
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MSMEs & Startups
Definition, challenges, government support for MSMEs
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Service Sector Growth
IT, tourism, healthcare and other service sectors
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Labour Reforms
New labour codes, social security schemes
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Pradhan Mantri Awas Yojana
Urban and rural housing schemes, achievements
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MGNREGA
Features, outcomes and challenges of rural employment scheme
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PM-KISAN
Direct income support scheme for farmers
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Atmanirbhar Bharat
Five pillars, stimulus packages and self-reliance initiatives
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National Infrastructure Pipeline
Projects, funding and implementation status
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"The economy is not just about numbers and policies - it's about people's lives and aspirations." - StudyNotesHub
Additional Resources
Enhance your preparation with our exclusive resources: Economic Survey summaries, Union Budget analysis, current economic affairs, practice questions, and comparative tables for quick revision. All materials are updated with the latest data and government policies.
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