NDSS Academy

Indian Economy

Planning, budget, banking, inflation, agriculture and economic schemes.

3 MonthsDuration 13Chapters53Topics
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Syllabus · पाठ्यक्रम

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01Basic Concepts and National Income 4 topics
  1. Micro and macro economics, sectors of the economy
  2. GDP, GNP, NDP, NNP and GVA
  3. Methods of measuring national income
  4. Base year and CSO / NSO estimates
02Economic Planning and NITI Aayog 4 topics
  1. Planning Commission and Five Year Plans
  2. Objectives and models of plans
  3. Plan holiday and rolling plan
  4. NITI Aayog
03Economic Reforms since 1991 4 topics
  1. Crisis of 1991
  2. Liberalisation, privatisation and globalisation
  3. New Industrial Policy 1991
  4. Disinvestment
04Money, Banking and the RBI 5 topics
  1. Functions of money and money supply measures
  2. RBI: history and functions
  3. Commercial, co-operative and regional rural banks
  4. Bank nationalisation and Narasimham Committees
  5. Financial inclusion and NPAs
05Monetary Policy and Inflation 4 topics
  1. Instruments: CRR, SLR, repo, reverse repo, OMO
  2. Monetary Policy Committee and inflation targeting
  3. Types and causes of inflation
  4. WPI and CPI
06Financial Markets and Institutions 4 topics
  1. Money market and capital market
  2. SEBI, stock exchanges and indices
  3. Insurance and pension regulators
  4. Development financial institutions
07Public Finance: Budget and Taxation 4 topics
  1. Annual Financial Statement and budget process
  2. Revenue and capital receipts and expenditure
  3. Direct and indirect taxes
  4. GST
08Fiscal Policy and Deficits 4 topics
  1. Types of deficit
  2. FRBM Act
  3. Public debt
  4. Finance Commission and fiscal federalism
09Agriculture and Food Security 4 topics
  1. Land reforms and green revolution
  2. MSP, CACP and procurement
  3. Agricultural credit and insurance
  4. PDS and National Food Security Act 2013
10Industry, Infrastructure and Services 4 topics
  1. Industrial policy and core industries
  2. MSMEs and Make in India
  3. Infrastructure: energy, transport, communication
  4. Service sector
11External Sector 4 topics
  1. Balance of payments
  2. Exchange rate and convertibility
  3. FDI and FPI, FEMA
  4. WTO, IMF and World Bank
12Poverty, Unemployment and Inclusive Growth 4 topics
  1. Measurement of poverty: committees
  2. Types of unemployment
  3. Employment and poverty schemes (MGNREGA)
  4. Financial inclusion schemes
13Human Development and Social Sector 4 topics
  1. Human Development Index
  2. Inequality: Gini coefficient and Lorenz curve
  3. Health and education indicators
  4. Demographic dividend

About

You will be able to

  • Explain national income concepts and compute GDP, GNP and NNP from given data
  • Describe planning in India, NITI Aayog and the 1991 reforms
  • Explain banking, RBI's monetary policy tools and inflation measurement
  • Compute and interpret fiscal, revenue and primary deficits
  • Explain agriculture, industry, external sector and international organisations
  • Relate poverty, unemployment and human development to government schemes
  • Solve UPSC / UPPSC prelims economy questions confidently

Who it is for

  • UPSC Civil Services (Prelims) aspirants
  • UPPSC PCS and other state PSC aspirants
  • Banking and other government exam aspirants

What you need

  • Graduation (pursuing or completed)
  • No economics background needed; Class 11-12 NCERT economics is helpful

Questions

Do I need an economics background?

No. The course starts from basic concepts and builds up to prelims level with simple examples.

Is the latest Budget and Economic Survey covered?

The module covers lasting concepts. The centre adds a monthly current-affairs set, including Budget and Economic Survey highlights when they are released.

Are numerical questions included?

Yes. Simple calculations on national income, deficits and the money multiplier are practised.

Is it useful for banking exams?

Yes. Banking, RBI and monetary policy chapters are useful for banking awareness too.

Download the syllabus (PDF)

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