Indian Economy: UPSC Study Material of Indian Economy – II for IAS Mains

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

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