INDIAN ECONOMY & ECONOMIC DEVELOPMENT : Indian Economy
Before attempting to answer the questions asked in PT and Main Examination, one must have a clear foundation of the concepts related to Economics. For, this I find the book on " Indian Economy by Ramesh Singh" an appropriate one. In our SAVE classes, much research work has been done to develop a proper approach to study Indian Economy from a Civil Services' Aspirant's point of view. One must "Actively" LISTEN the classes (i.e taking down notes simultaneously) and to refer the prescribed piece of material ( given as post script along with SAVE classes) and then to attempt for MCQ and Short answer type questions.
Overview of the Syllabus
Chapter-1-Introduction To Economics
Before studying any discipline, it is pre-requisite that we must understand the basics of that subject, its definition, its subject domain, its scope and some key terminology used to describe the subject. An effort has been made to lay the foundation stone of the subject by discussing the fundamentals of the subject.
Chapter-2- Measuring National Income
National Income and the concept related to GDP, GNP, NNP etc are the fundamentals of Economy. Most of the students loose interest in such an interesting discipline of Economics, because they do have problems in understanding of fundamentals. It is true, that once these aspects get clear, one gets mastery over the subject matter concerning the GS syllabus. Sometimes, we do expect direct questions from this area, too. Students must refer NCERT Macro-economics after actively listening the SAVE Class. Practice of the question is important to reinforce the concept gathered here.
Chapter-3- Social Sector and Agriculture Sector
This chapter deals with the soul of the guiding principles of Policy Making by the Nations across the world. It is the most favourite topic from GS Main's point of view and questions in PT is also not an oddity. Students must present a write up on this topic, because in Essay Paper so many convincing paragraphs you can make from this chapter.
Chapter-4- Money and its Supply
The basic concept of economy as discussed in NCERT is a pre-requisite for the Civil Services Aspirant. A student must practice a large number of objective question to sharpen his understanding and acumen. The more one practice, the more is likelihood for accuracy in the MCQ asked in the examination.
Chapter-5- Government Budget and Economy
Budget and Economic Survey are considered dynamic aspect of the Indian Economy from Civil Services point of view, since every year with their becoming public new dimensions are added to the curriculum. But, it is significant to note that the basic concept of economic practices and principle are the constant features, the understanding of which makes your task easier to comprehend the budget in no time. This chapter, taking reference from NCERT Macro-economic is a positive step in this direction.
Chapter-6- Forex, BOP and International Trade
The content of this chapter opens a vista for understanding of various domains of International Polity, Economy and related trade etc. This is the most dynamic aspect of the syllabus of Economics. Students must keep themselves abreast with current data, which is just a small exercise, but understanding of the concept will go a long way.
Chapter-7- Industry and Infrastructure
The content of this chapter includes New Industrial Policy, Disinvestment, MSME Sectors, FDI, Ease of doing business, Make in India, Indian Infrastructure- (UDAY, NAtional LED programme), SMART cities, PPP model etc. One must appreciate that most of the contents are dynamic, hence linkage with Current Affairs ( Views on News- Economy Section of SAVE Classes ) is must for aspirants.