Aspirant Forum presents the Indian Economy (GS-3) for the UPSC examinations. Indian Economy are a part of the General Studies Paper 3 (GS-3) of the IAS Mains Examination. If covered properly, this section can be a well scoring part of the paper.
This section will provide you various topics and articles on different subjects, that are important from the examination point of view. While we try to put online every article possible, as soon as we can, it would be a pleasure to conduct a healthy discussion on the forum about the topics.
Members can put in their views and perspectives on the issues and thus contribute to a healthy scholarly debate. We welcome the participation from anyone and everyone.
Keep following the blog for more updates and information.
| Basic Concepts |
| 1. Macroeconomic Concepts |
- Meaning of Economics
- Types of Economies
- Sectors of an Economy
- Other Sectors of Economy
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| 2. Microeconomic Concepts |
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| Economic Measurements |
| 1. National Income Concepts and Methods of Calculation |
- National Income
- Real National Income
- Calculating National Income
- Gross Fixed Capital Formation (GFCF)
- National Organizations Related to National Income Accounts
- Latest India’s National Income Estimates
- New Series of National Statistics (Base Year 2011-12)
- Annual Estimates of Expenditures on GDP
- Per Capita Income
- Purchasing Power Parity
- Lorenz Curve
- Philip’s Curve
- Gini Co-efficient
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| 2. Inflation |
- Concepts and Types of Inflation
- Causes of Inflation
- Effects of Inflation
- Measures of Inflation
- Change in Reporting of Inflation
- Measures to Check Inflation
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| 3. Economic Growth and Development |
- Economic Growth
- Economic Development
- Measurement of Economic Development
- Physical Quality of Life Index (PQLI)
- Millennium Development Goals (MDGs)
- Different Levels of Economic Development
- Economy and Environment
- Environment Taxes
- 12th Five Year Plan and Sustainability
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| Money and Banking |
| 1. Money Function and Classification |
- Money Concept
- Measures of Money Supply in India
- Indian currency system
- Broad and Narrow Money
- Money multiplier
- Digital Money
- New Monetary Aggregates
- Monetary Policy
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| 2. Financial Market and its Instruments |
- Concept and functions of financial markets
- Importance of money market
- Types of capital market
- Distinguish between capital market and money market
- Insurance Industry – Insurance Industry and Reforms
- Role of Financial Regulators: SEBI and IRDA
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| 3. Banking Structure in India |
- Scheduled Commercial Banks
- Nationalized Banks
- Public Sector Banks
- Private Banks
- Foreign Banks
- Regional Rural Banks
- Scheduled Co-operative Banks
- Reserve Bank of India (RBI)
- Methods of Credit Control
- Cash Reserve Ratio (CRR)
- Statutory Liquidity Ratio (SLR)
- Repo Rate
- Reserve Repo Rate
- Call Rates
- Marginal Standing Facility (MSF)
- Bank Rate
- Banking Sector Reforms in India
- Differentiated Banks
- New banking licence
- White Label ATM
- Unified Payments Interface
- Bank Board Bureau
- Marginal Cost of Funds Based Lending Rate (MCLR)
- Priority Sector Lending Certificates
- Concept of Micro ATM
- Banking Reforms
- Basel Norms
- Banking Ombudsman
- Development Financial Institutions
- Insurance Companies
- Recent developments in Economic Sector
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| Public Finance in India |
| 1. Budgeting |
- Union Budget
- Plan and Non Plan Expenditure
- Revenue Receipts
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| 2. Fiscal Policy |
- Fiscal Responsibility and Budget Management (FRBM) Act, 2003
- Revenue Deficit, Fiscal Deficit, Primary Deficit
- Deficit and Surplus Budget
- Deficit Financing
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| 3. Centre State Distribution |
- Finance Commission (A280)
- Tax Structure in India4.
- Tax – Direct Tax, Indirect Tax
- Methods of Taxation – Progressive,
- Regressive, Proportional
- Value Added Tax – VAT in India
- Goods and Services Tax – GST, GST Council
- Service Tax
- DTC – Direct Tax Code
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| Planning |
| 1. Meaning Objectives and History |
- Meaning of Economic Planning
- Objectives of Planning
- Strategies of Planning
- Regional and National Planning
- Imperative and Indicative Planning
- History of Planning in India
- Visvesvaraya Plan, Gandhian Plan-FICCI Proposal, Congress Plan, Bombay Plan
- Planning Commission and
- National Development Council (NDC)
- Central Planning – 5 Year Plans, 20 Point Program, MPLADS
- Decentralized Planning
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| 2. Planning Institutions |
- Planning Commission
- NITI Aayog
- National Development Council (NDC)
- Five Year Plans in India3.
- 12th Five Year Plan (2012-2017)
- Alternative Scenarios During 12th Plan
- Economic Reforms
- Vision Documents
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| Open Economy |
| 1. Foreign Trade Concepts |
- Balance of Payments
- Foreign Capital – FDI, FPI, FII, QFH
- Foreign Exchange–Exchange Rate
- NEER & REER, ETF
- FERA & FEMA
- Capital Account Convertibility in India
- India’s External Debt
- NRI Deposits
- Trade Composition
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| 2. Trade Policy and Agreements |
- Import Cover
- Import/Export Controls
- Foreign Trade policy 2015-20
- Export Promotion
- General Agreement on Tariffs and Trade
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| 3. Exchange Rate |
- Exchange
- LERMS
- NEER
- REER
- ETF
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| 4. International Organization United Nations |
- Food and Agriculture Organization (FAO)
- International Civil Aviation Organization (ICAO)
- International Fund for Agricultural Development (IFAD)
- International Labour Organization (ILO)
- International Maritime Organization (IMO)
- International Monetary Fund (IMF)
- International Telecommunication Union (ITU)
- United Nations Educational, Scientific and Cultural Organization (UNESCO)
- United Nations Industrial Development Organization (UNIDO)
- Universal Postal Union (UPU)
- World Bank Group (WBG)
- International Bank for Reconstruction and Development (IBRD)
- International Finance Corporation (IFC)
- International Development Association (IDA)
- World Health Organization (WHO)
- World Intellectual Property Organization (WIPO)
- World Meteorological Organization (WMO)
- World Tourism Organization (UNWTO)
- World Trade Organization (WTO)
- Asian Development Bank
- Asian Infrastructure Investment Bank (AII)
- New Development Bank
- African Development Bank
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| 5. Trade Agreements |
- RCEP
- TPP
- NAFTA
- MERCOSUR
- Southern African Development Community (SADC)
- ASEAN
- SAFTA
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| 6. Recent Developments in External Sector |
- Global foreign exchange committee
- Price capping of medical devices in India
- Review of the International Investment Agreement (IIA)
- India signed the OECD multilateral convention to prevent BEPS (Base Erosion and Profit Shifting)
- Second Exchange Traded Fund (ETF) Bharat 22
- Double Tax Avoidance Treaty
- Preferential Trade Agreement with Chile
- Advance Pricing Agreement
- National Committee on Trade Facilitation
- E-tourist Visa
- India’s Asylum Policy
- Investor-State Dispute Settlement (ISDS)
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| Economic Sectors |
| 1. Poverty |
- Definition and Indices
- Poverty in India
- Human Poverty Index (HPI)
- Expert Groups for Estimating Poverty
- Inequality
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| 2. Employment |
- Employment and Unemployment
- Poverty Eradication and Employment Related programs
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| 3. Government Schemes and Programs |
- New Social Welfare Schemes
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
- Other Social Protection Programmes
- Rural Infrastructure and Development
- Urban Infrastructure, Housing and Sanitation
- Education Schemes
- Financial Inclusion Schemes
- Health Schemes
- Women Empowerment Programmes
- Other Women Empowerment Programmes
- Social Security
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| 4. Committees |
- Ratan P Watal Committee on Digital Payment
- Committee for Market
- Infrastructure Institution (MII)
- D. P. J. Nayak Committee
- Deepak Mohanty Committee Report on Medium-term Path on Financial Inclusion
- Narasimham Committee Report on Banking Sector Reforms
- Uday Kotak Committee on Corporate Governance
- Nachiket Mor Committee
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Cheers people!!
Team Aspirant Forum
