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Important Economy Topics for UPSC Prelims 2025

Important Economy Topics for UPSC Prelims 2025 will help boost your preparation. Check out the key Economy topics for UPSC Prelims 2025!
authorImageSheetal Gaur17 Feb, 2025
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Economy Important Topics For UPSC

Important Economy Topics for UPSC Prelims 2025:  As you gear up for the UPSC Prelims 2025, understanding the economy section is crucial for scoring well. Pay attention to inflation, GDP growth, government budgets, and key economic policies. Stay updated on current affairs and important schemes to enhance your understanding and improve your score in this section.

Reading UPSC Prelims economy topics is essential for a solid foundation and also a smart way of preparing. Keep reading to learn about Economy important topics for UPSC Prelims 2025 based on past trends to help you focus on what matters most.

Important Economy Topics for UPSC Prelims 2025

The economy is a dynamic and integral part of the Economics syllabus for UPSC Prelims and Mains. It covers a wide range of topics from the basics of economic theory to the current economic policies and their impact on India. Understanding the Economy important topics for UPSC Prelims 2025 that you need to cover can help you organize your studies better. Here is the structured outline of important economic topics for UPSC, organized in a table format:
Important Topics in Economics for UPSC Prelims 2025
Chapter Important Topics
Basic Concepts
  • Factors of Production
  • National Income
  • GDP, GNP, NDP, & NNP
  • Personal Income
  • Overview of Indian Economy
  • India’s New GDP Series
Inflation
  • Definition
  • Measurement (WPI, CPI, Deflator)
  • Types and Causes
Fiscal Policy
  • Budget and Vote on Account
  • Cut Motions (Policy, Economy, Token)
  • Tax Expenditure
  • Fiscal and Current Account Deficits
  • Government Budgeting
  • FRBM Act
  • Taxation
  • GST
  • UBI
Monetary Policy
  • Monetary Policy in India
  • Money Supply
  • Expansionary vs Contractionary Policy
  • REPO
  • Reverse REPO
  • CRR, SLR, MSF, & CRAR
  • Rupee Devaluation
  • UPI
Planning and Federalism
  • Issues Related to Planning
  • Investment Models
  • Mobilization of Resources
  • Growth
  • Development
  • Employment
  • 12th Five Year Plan
  • 15th Finance Commission
  • NITI Aayog
Growth and Development
  • Poverty
  • Human Capital
  • National Education Policy 2020
  • SHGs
  • NGOs
  • Economic Growth vs Development
  • Human Development Index
  • Green GDP
  • Gross National Happiness Index
  • MDGs & SDGs
Indian Economy – Sectors Primary (Agriculture) Sector
  • Food Processing
  • PDS
  • Land Reforms
  • Agricultural Marketing
  • MSP

Cropping Patterns Secondary (Industrial) Sector

  • IIP
  • Make In India
  • Companies Act
MSME Tertiary (Service) Sector:
  • NIIF
  • Bankruptcy Code
  • Banking
  • Development Finance
  • Bank Reforms
  • Non-Performing Assets
  • Financial Inclusion
  • Employment Linked Incentive and Model Skill Loan Scheme.
Foreign Trade
  • Balance of Payments
  • Free Trade Agreements
  • Masala Bonds
  • FDI
  • Infrastructure (Energy, Roads, Ports, Airports, Railways)
Financial Market
  • Speculation
  • Hedging
  • Arbitrage
  • Investment
  • Money Market
  • Capital Market
  • SEBI
World Economy
  • WTO
  • Trade Facilitation Agreement
  • Fiscal Cliff
  • Fiscal Drag
  • Bitcoin
  • NFTs
  • Cryptocurrency
  • Ease of Doing Business
  • Budget and Economic Survey
 Current Affairs
  • Liquidity Coverage Ratio (LCR)
  • National Bamboo Mission (NBM)
  • MSME Trade Enablement and Marketing (TEAM) Initiative
  • Fiscal Health Index 2025
  • Tax Avoidance Treaties, etc.

Study Resources for UPSC Prelims Economy Topics

Preparing for the UPSC Prelims Economy Topics requires the right resources to ensure a comprehensive understanding. Here are some essential study materials that can enhance your preparation:

How to Prepare the Economy Syllabus for UPSC Prelims?

Here are simple steps to help you prepare effectively for the important topics of economics for UPSC mains:
  1. Start with NCERT Textbooks and standard UPSC books from classes IX to XII to build a strong foundational understanding of basic economic concepts.
  2. Move on to more detailed books like "Indian Economy" by Ramesh Singh or " Economic Survey and Budget " which offer deeper insights into the workings of the Indian economy.
  3. Keep Up with Current Affairs. Economic policies and events are highly dynamic. Regularly following newspapers and economic magazines is crucial for staying updated with the latest developments.
  4. Going through past year question papers will help you understand the type of questions asked and how they are framed.
  5. UPSC Test series helps in regular revision to cover the economy important topics for UPSC Prelims 2025 and provides practice in answering questions under time pressure.
  6. Engaging in discussions with fellow aspirants and mentors can clarify doubts and enhance understanding.
By focusing on these areas and following these preparation tips, you'll be well on your way to mastering the Economy section for the UPSC Prelims. Remember, consistent study and staying updated on current economic events are key to success in this section.
Enroll now in PW Online UPSC coaching classes to enhance your preparation for the Prelims.

Economy Important Topics for UPSC Prelims 2025 FAQs

Is economics a crucial subject for the UPSC Prelims?

Yes, economics is essential for understanding national policies and developmental issues in the UPSC Prelims.

How crucial is selecting the right economics books for UPSC?

Yes, it is crucial to select the right books. It can simplify complex concepts and tailor your preparation for the UPSC format.

What are some recommended economics books for UPSC Prelims?

"Indian Economy" by Ramesh Singh and UPSC Wallah textbooks are recommended for their comprehensive coverage.

Does a strong foundation in economics offer an advantage in UPSC exams?

Yes, it provides a significant advantage in tackling questions related to fiscal policies and economic development.
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