Indian Economy
For UPSC Civil Services, Other State PSC Examinations, Govt.
Examinations and Professional Examinations
This book presents a comprehensive survey of the Indian Economy in
terms of GDP growth, savings, investment, banking, Finance, Taxation
and recent economy developments in various sectors such as agriculture,
industry and services.
Key Features of Indian Economy Book.
1. Extensive coverage on the Fourteenth Finance Commission 2015-20
and Foreign Trade Policy 2015-2020.
2. Coverage of Burning Socio-Economic Issues with connecting dots.
3. Recents Issues such as—GST, Insolvency and Bankruptcy, Niti’s
Niyatam and Action Agenda, Women Farmers, Climate Smart
Agriculture, Logistics and Housing for All,and increasing Tax
Compliance, NPAs, LoU and SWIFT.
4. Highlights of Union Budget 2019 to be Covered.
5. Summary and Explanation of Recent Economy Survey, Vol.1 and
Vol.2 covered in separate chapters.
6. Financial Sector together with External Sector and International
Organisations sections fully covered and revamped with new ideas
and inputs.
7. Taxation and Budgeting sections updated with recent amendments.
8. Government Schemes of All Central Ministry included.
9. Multiple Choice Questions (Prelim) and Model Answer (Mains)
sections have been included.
Chapter 1 INTRODUCTION: 1. Definition of Economics
2. Features of Economics
3. Challenges of the Economics
4. Role of the State in an Economy
5. Sectors of an Economy
6. Types of Economies
7. Concept of National Income: -GDP, NDP, GNP, NNP.
8. Method of Calculation of National Income
9. Amendments
10. MCQ
Chapter 2 GROWTH AND DEVELOPMENT: 1. Definition of Growth and Development
2. Economic Growth
3. Human Development Index
4. MCQ
Chapter 3 ECONOMIC PLANNING: 1. Definition
2. Types of Economic Planning
3. Features of Economic Planning
4. Major Objectives of Planning
5. NITI AAYOG
• Transforming India
• Functions of NITI Aayog
• The Guiding Principle
• Structure of the NITI
• Specialised Wings in the NITI Aayog
• Action Agenda of Niti Aayog
6. Central Planning
• The Five-Year Plans
• Twenty-Point Programme
• MPlADS
7. Central Sector Schemes and Centrally 5.46 Sponsored Schemes.
8. MCQ
Chapter 4 ECONOMIC REFORMS: 1. Introduction
2. Liberalisation
3. Privatisation
4. Globalisation
5. Approach of Economic reforms
6. MCQ
Chapter 5 INFLATION: 1. Definition
2. Types of Inflation
• low Inflation
• Galloping Inflation
• Hyperinflation
• Bottleneck Inflation
• Core Inflation
3. Some Important Terms
• Inflationary Gap
• Deflationary Gap
• Inflation Tax
• Inflation Spiral
• Inflation Accounting
• Inflation Premium
• Phillips Curve
• Reflation
• Stagflation
• Skewflation
• GDP Deflator
4. Effects of Inflation
5. Inflation in India
• Wholesale Price Index
• Revised WPI
• Consumer Price Index
• Revision in the CPI
• Trends in Inflation
• Healthy Range of Inflation
• Producer Price Index
• Housing Price Index
• Service Price Index
6. Steps to Check Inflation
7. MCQ
Chapter 6 AGRICUTURE: 1. Introduction
2. Kharif & rabi 3. Land reforms
4. Reasons for Failure of land Reforms
5. Green Revolution 6. Components of the Green Revolution
7. Impact of the Green Revolution
8. Cropping Patterns
9. Prevalent Cropping Systems
10. Changes in the Cropping Patterns
11. Animal rearing 12. MCQ
Chapter 7 FOOD MANAGEMENT: 1. Concept behind Food Management 2. Minimum Support Price
3. Market Intervention Scheme
4. Decentralised Procurement Scheme 5. Procurement Prices 6. Issue Price
7. Buffer Stock 8. Open Market Sale Scheme 9. Price Stabilisation Fund 10. Farm Subsidies 11. Food Security and Public distribution system 12. Agriculture Marketing 13. Model APMC Act 14. Commodity futures Market 15. Supply Chain Management 16. Farm Waste Management 17. Irrigation 18. Irrigation Potential & Use 19. Agri-Credit & farmer’s Suicides 20. Agriculture Extension Services PMFBY 21. National Mission for Sustainable Agriculture (NMSA)
22. WTO and Agricultural Subsidies AMS
• The Boxes
• Amber Box
• Blue Box
• Green Box 23. National food Security Act 24. Food Processing Industry
• Importance
• Rules and Regulations
• Contributions 25. Infrastructure Development 26. Mega Food Parks Scheme (MFPS) 27. National Meat and Poultry Processing 28. Board (NMPPB) Indian Grape Processing Board 29. National Institute of Food Technology 30. National Mission on Food Processing (NMFP) 31. Doubling farm Income 32. MCQ
Chapter 8 INDUSTRY AND INFRASTRUCTURE: 1. New Industrial Policy, 1991
2. Disinvestment
3. Types of Disinvestment
4. Current Disinvestment Policy
5. MSME Sector
6. Steel Industry
7. Aluminium Industry
8. Apparel and Footwear Sectors
9. FDI Policy Measures
10. Ease of Doing Business
11. Make in India
12. Start-up India
13. MCQ
Chapter 9 INDIAN INFRASTRUCTURE: 1. Introduction
2. Uday Scheme
3. Railways
4. Roads
5. Civil Aviation
6. PPP Models
7. Concerns of Petroleum Sector
8. Renewable Energy
9. Logistics Sector
10. Housing Policy- recent Challenges
11. MCQ
Chapter 10 SERVICE SECTOR: 1. Introduction
2. India and Global Services
3. Services Performance of India
4. FDI in Services Sector
5. Services Trade
6. Consultancy Services
7. Research and Development (R&D) Services.
8. Space Services
9. Trade and Transport Services
10. Construction Development
11. Accountancy Services
12. Legal Services
13. Education Services
14. Need for Service Sector reforms
15. MCQ
Chapter 11 INDIAN FINANCIAL MARKET: 1. Introduction
2. Indian Money Market
3. Mutual funds
4. Indian Capital Market
5. Project Financing
6. Financial Institutions
7. Banking Industry
8. Insurance Industry
9. Security Market
10. MCQ
Chapter 12 BANKING IN INDIA: 1. Introduction
2. Types of Bank
3. RBI Monetary and Credit Policy
4. CRR
5. SLR
6. Bank Rate
7. Repo Rate
8. Reverse Repo Rate
9. Marginal Standing Facility (MSF)
10. Base rate
11. MCLR
12. Banking Sector Reforms
13. Problems of Banking Sector
14. Priority Sector lending
15. NPAs and Stressed ASSETS
16. Resolution of the NPAs
17. Public Sector Asset rehabilitation Agency (PArA)
18. Insolvency and Bankruptcy
19. SARFAESI Act, 2002
20. Wilful Defaulter
21. Capital Adequacy ratio
22. Basel Norms
23. Liquidity of Money
• Narrow Money
• Broad Money
• Money Supply
• High Power Money
• Reserve Money
24. Money Multiplier
25. Credit Rating
26. Labels of ATM
27. Small & Payment Banks
28. Payments Banks
29. Financial Inclusion
30. Pradhan Mantri Jan-Dhan Yojana
31. Gold Investment Schemes
32. Sovereign Gold Bonds
33. Gold Monetisation Scheme
34. Mudra Bank
35. MCQ
Chapter 13 INSURANCE IN INDIA: 1. Introduction
2. Types of Insurance Industry
3. Insurance reforms
4. IRDA
5. Concept of Reinsurance
6. Deposit Insurance and Credit Guarantee Corporation (DICGC)
7. Export Credit guarantee Corporation (ECGC)
8. National Export Insurance Account (NEIA)
9. Policy Initiatives of Insurance and New Insurance Schemes
10. MCQ
Chapter 14 SECURITY MARKET IN INDIA: 1. Introduction
2. Primary and Secondary Markets
3. Stock Exchanges
4. Players in the Stock Exchanges
5. SEBI
6. Commodity trading
7. FMC
8. Spot Exchanges
9. Spot Exchanges in India
10. Advantages of Spot Exchanges
11. Raising Capital in the Primary Market
12. Important terms of Stock Market
13. Scrip Share
14. Sweat Share
15. Rolling Settlement
16. Futures
17. Depositories
18. Demutualisation
19. Authorised Capital
20. Paid-up Capital
21. Subscribed Capital
22. Issued Capital
23. Greenshoe Option
24. Penny Stocks
25. ESOP
26. SBT
27. OFCDs
28. Derivatives
29. Indian Depository Receipts (IDRs)
30. Shares ‘at Par’ and ‘at Premium’
31. Foreign financial Investors
32. New Rules for Foreign Investment
33. Angel Investor
34. Participatory Notes (PNs)
35. Reasons for the popularity of PNs
36. Regulation of PNs
37. The Concerns related to PNs
38. International Situation
39. Hedge Fund
40. Short Selling
41. Bear and Bull
42. Book Building
43. IPO
44. Price Band
45. ECB Policy
46. Credit Default Swap (CDS)
47. Securitisation
48. Corporate Bond in India
49. Inflation-Indexed Bonds
50. Gold Exchange traded funds
51. Pension Sector reforms
52. Financial Stability Development Council (FSDC)
53. Financial Sector Assessment Programme (FSAP)
54. Financial Action Task Force (FATF)
55. Forex reserves
56. External Debt
57. Fixed currency regime
58. Floating Currency regime
59. Managed Exchange rates
60. Foreign Exchange Market
61. Exchange rate in India
62. Trade Balance
63. Trade Policy
64. Depreciation
65. Devaluation
66. Revaluation
67. Appreciation
68. Current Account
69. Capital Account
70. Balance of Payment (BoP)
71. Currency Convertibility
72. Convertibility in India
73. Current Account
74. Capital Account
75. IMF Conditions on India
76. Hard Currency
77. Soft Currency
78. Hot Currency
79. Heated Currency
80. Cheap Currency
81. Dear Currency
82. Special Economic Zone
83. GAAR
84. Risks in foreign Currency Borrowings
85. India’s External Performance
86. Invisibles items
87. Composition of Trade
88. New Steps to Promote trade
89. Exchange rate Monitoring
90. New foreign trade Policy
91. Trans-Pacific Partnership Partnership
92. Deglobalisation and India
93. MCQ
Chapter 15 INTERNATIONAL ECONOMIC ORGANISATONS: 1. Introduction
2. International Monetary fund
3. World Bank
4. Asian Development Bank
5. OECD
6. World trade Organization (WTO)
7. BRICS Bank
8. Asian Infrastructure Investment Bank
9. MCQ
Chapter 16 TAX STRUCTURE IN INDIA: 1. Introduction
2. Meaning of tax
3. Methods of taxation
4. Types of Tax
5. Goods and Service tax
6. Commodities transaction tax
7. Securities transaction tax
8. Capital Gains tax
9. Minimum Alternate tax
10. Tax deducted at Source
11. Tax Collected at source
12. 14th finance Commission recommendation
13. MCQ
Chapter 17 PUBLIC FINANCE IN INDIA: 1. Introduction
2. Meaning of Budget
3. Types of Budgets
4. Deficit Financing
5. Fiscal Policy
6. Fiscal Consolidation in India
7. Zero-Base Budgeting
8. Charged Expenditure
9. Cut Motion
10. Current fiscal Situation
11. MCQ
Chapter 18 CLIMATE CHANGE:
1. Introduction
2. Sustainable Development Goals (SDGs)
3. Paris Agreement (COP 21)
4. Green Climate Fund
5. UNFCC
6. Climate Sustainable Development and Climate Change in the Indian Context
7. MCQ
Chapter 19 BURNING SOCIO- ECONOMY ISSUES IN INDIA: 1. Twin Balance Sheet Problem
2. Universal Basic Income
3. NPA Problem of Banks.
4. Farm Indebtedness
5. Effects of Deglobalisation
6. Effeccts of demonitisation
7. Impact of Cyptocurrency
8. MCQ
Chapter 20 - 1000+ ECONOMIC CONCEPTS AND TERMINOLOGIES: