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Indian Economy : (Vol:1- 5) Indian Economy for IAS Mains

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    Useful Material for UPSC

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    complete Study Material of Indian Economy for IAS Mains exam, it’s excellent

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UPSC Study Material of Indian Economy (Vol:1- 5) for IAS Mains

What is GS SCORE covering in the Indian Economy for UPSC Mains notes?

The five volumes of GS SCORE Mains series related to issues pertaining to the Indian economy. We bring you an exhaustive text for studying and understanding the world’s third-largest economy made comprehensively and in a lucid manner. Special attention has also been paid to discuss the latest developments, policies and problems related to the Indian economy in a very coherent and easily understandable language.

Volume-I is Basics of Economy. It includes in detail about the issues related to:

  • Economic Theory:
    1. Basics of market equilibrium,
    2. Market structures,
    3. Elasticity, and
    4. Resource mobilisation.
  • Overview of the Indian Economy:
    1. Pre-Independence,
    2. Impact of British rule in India,
    3. Post-Independence Economics situation.
  • Economic Planning and Development:
    1. The Planning Commission,
    2. Its objectives, achievements and failures.
  • Phases of Economic Development in India:
    1. Nehruvian Socialist Economy
    2. Inflationary Economy
    3. Agriculture since Independence
    4. Changing Agrarian Economy
    5. Industrial development and progress
    6. Foreign Trade Policy since independence

Volume-II is the Budgeting, Financial Markets and Banking in India. It includes in detail about the issues related to:

  • Fiscal Policy
  1. Overview
  2. Important terms
  • Taxation
  1. Principles
  2. System in India
  • GST
  1. Model and Operational Framework
  2. Implementation
  3. Impact
  4. Issues
  5. Way Forward
  • Subsidies
  1. Rationale
  2. Public Distribution System (PDS)
  3. Export Promotion
  4. National Food Security Act
  • Direct Benefit/Cash Transfer
  • Monetary Policy in India
  1. Instruments
  2. Pre-Reform Era
  3. Post-Reform Era
  4. Urjit Patel Committee Report
  5. Inflation Targeting
  • Financial Markets and Instruments
  1. Money Market
  2. Capital Market
  3. Regulatory Framework
  4. Market Reforms in India
  • Banking
  1. Indian Banking System
  2. Functions of Commercial Banks
  3. Nationalisation of Banks
  4. Banking Reforms in India
  5. New Bank License Criteria
  6. Small Finance Banks
  7. Payments Banks
  8. Non-Banking Financial Company
  9. Other Terminologies and Concepts

Volume-III is Agriculture in India.

It includes in detail about the issues related to:

  • Agriculture:
  1. Overview
  2. Role in Indian Economy
  3. Land Reforms
  • Resource Management in Agriculture
  • Agriculture Financing
  1. Challenges and Suggestions
  • Agriculture Credit Institutions
  1. Commercial Banks
  2. Lead Bank Scheme
  4. Kisan Credit Card (KCC)
  • Crop Insurance in India
  1. Issues and Challenges
  2. Pradhan Mantri Fasal Bima Yojana
  3. Way Forward
  • Agricultural Marketing
  1. Processes and Structure
  2. Government Measures
  • Agricultural Products and Market Committee
  1. Issues and rising food inflation
  2. Model Act
  3. Reforms needed
  4. Emerging Alternative marketing Models
  • Food Corporation of India
  1. Performance Evaluation
  2. Price Support to Farmers
  3. Shanta Kumar Committee
  • Sustainable Agriculture
  • GM Crops
  • Agricultural Revolutions in India
  • Agricultural Diversification
  1. Agroforestry
  • Food-Processing Sector
  1. Policies and Initiatives
  2. FDI and Infrastructure development
  3. Issues and Way Forward
  4. Notable Trends and Growth Factors

Volume-IV is Industry and Infrastructure in India.

It includes in detail about the issues related to:

  • Industrial Policy in India
  • Micro, Small and Medium Enterprises
  • Make in India
  • Exit Policy: Insolvency and Bankruptcy Code
  • Impact of Liberalisation on Employment
  • Contemporary Employment Trends in India
  • Employment Generation and Growth
  • Manufacturing Sector
  • Unemployment in Inda
  • Labour Reforms
  • Skill Development
  1. Challenges
  2. Initiatives and Way Forward
  • Investment
  1. Strategies and Models
  • Transport Infrastructure
  1. Roads
  2. Railways
  3. Aviation
  4. Port and Shipping
  5. Inland Waterways
  • Power
  • Telecommunications
  • Public-Private Partnerships

Volume-V is Trade, Foreign capital and International Organisations (External Sector).

It includes in detail about the issues related to:

  • International Trade
    • Features, Advantages and Disadvantages
    • Analysis of Foreign Trade
    • Foreign Trade in India 2017-2018
  • Trade Policy
    • Aspects, Instruments and their Effects
    • Highlights of FTP 2015-2020
    • New Trade Policy
  • Balance of Payments
    • Current and Capital Account
  • Foreign Capital
    • Arvind Mayaram Committee on rationalising the FDI/FII definition
    • Increase in Foreign Investment
    • Challenges and Way forward
  • Impact of Globalisation on Indian Economy
    • Concerns and Demands
    • Way Forward
  • International Monetary Fund (IMF)
    • Development and Functions
    • International Liquidity
    • Special Drawing Rights (SDR)
    • IMF Quota
    • Recent Reforms
  • World Trade Organisation (WTO)
    • TRIMS
    • Doha Round
    • Success and Challenges
  • World Bank Group
    • World Bank and India
    • AIIB and NDB
  • Deglobalisation
    • Protectionism
    • Brexit
    • Refugee Crisis
    • Decline of Multilateralism


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