UPSC IES Syllabus - Indian Economics
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Topics
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Subtopics
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1. History of development and planning
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Alternative development strategies
—goal of self-reliance based on import substitution and protection, the post-1991 globalisation strategies based on
stabilisation and structural adjustment packages
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Fiscal reforms, financial sector reforms, and trade reforms.
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2. Federal Finance
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Constitutional provisions relating to fiscal and financial powers of the states
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Finance Commissions
and their formulae for sharing taxes
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Financial aspect of Sarkaria Commission Report, Financial aspects of 73rd and 74th Constitutional Amendments.
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3. Budgeting and Fiscal Policy
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Tax,
expenditure
, budgetary deficits, pension and fiscal reforms, Public debt management and reforms
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Fiscal Responsibility and Budget Management (FRBM) Act
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Black money and
Parallel economy
in India—definition, estimates, genesis, consequences, and remedies.
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4. Poverty, Unemployment and Human Development
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Estimates of inequality and poverty measures for India, appraisal of
Government measures,
and India’s human development record in a global perspective.
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India’s population policy and development.
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5. Agriculture and Rural Development Strategies
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Technologies and institutions
, land relations and land reforms, rural credit, modern farm inputs and marketing—
price policy and subsidies;
commercialisation and diversification.
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Rural development programmes
including poverty alleviation programmes, development of economic and social infrastructure and New Rural Employment Guarantee Scheme.
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6. India’s experience with Urbanisation and Migration
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Different types of migratory flows and their impact on the economies of their origin and destination
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The process of growth of urban settlements; urban development strategies.
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7. Industry: Strategy of industrial development
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Industrial Policy Reform;
Reservation Policy relating to small-scale industries. Competition policy, Sources of industrial finance.
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Bank, share market, insurance companies
, pension funds, non-banking sources and foreign direct investment, role of foreign capital for direct investment and portfolio investment
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Public sector reform, privatisation and disinvestment.
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8. Labour
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Employment, unemployment and underemployment, industrial relations and labour welfare— strategies for employment generation
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Urban labour market
and informal sector employment, Report of National Commission on Labour
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Social issues relating to labour
e.g. Child Labour, Bonded Labour
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International Labour Standard and its impact.
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9. Foreign Trade
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Salient features of India’s foreign trade, composition, direction and organisation of trade, recent changes in trade
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Balance of payments, tariff policy, exchange rate, India and WTO requirements.
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Bilateral Trade Agreements and their implications.
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10. Money and Banking
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Financial sector reforms, Organisation of India’s money market, changing roles of the
Reserve Bank of India,
commercial banks, development finance institutions, foreign banks and non-banking financial institutions,
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Indian capital market and SEBI
, Development in Global Financial Market and its relationship with Indian Financial Sector. Commodity Market in India-Spot and Futures Market, Role of FMC.
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11. Inflation
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Definition, trends, estimates, consequences and remedies (control)
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Wholesale Price Index.
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Consumer Price Index:
components and trends.
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