Indian Economy though specifically mentioned in the syllabus of Preliminary Examination Paper I & GS Mains Paper III but the topics have wider coverage in different papers as well as in Essay. This makes the study of Indian Economy indispensable. This can be cleared by going through following previous years questions:
• Critically examine whether growing population is the cause of poverty OR poverty is the main cause of population increase in India.
• Discuss the changes in the trends of labour migration within and outside India in the last four decades.
• Though 100 per cent FDI is already allowed in non-news media like a trade publication and general entertainment channel, the Government is mulling over the proposal for increased FDI in news media for quite some time. What difference would an increase in FDI make? Critically evaluate the pros and cons.
• The setting up of a Rail Tariff Authority to regulate fares will subject the cash strapped Indian Railways to demand subsidy for obligation to operate non-profitable routes and services. Taking into account the experience in the power sector, discuss if the proposed reform is expected to benefit the consumers, the Indian Railways or the private container operators.
• Was it the policy paralysis or the paralysis of implementation which slowed the growth of our country?
• Can capitalism bring inclusive growth?
Hence Indian Economy has to be studied in interdisciplinary manner.
Discussion on economics syllabus
• What to Study and from where
Micro Economic Concepts
• Law of Demand and Supply
Macro Economic Concepts
• Circular Flow and Savings
National Income and related aggregates
• Growth Trends - GDP and PCI
Economic Growth Vs Economic Development
• Indicators of Economic Growth- Real GDP and PCI
• Government Revenues (Taxation)
Resource Mobilization & Investment Models
Centralized Planning v/s Indicative Planning
• Financial System
Planning and Nature of Indian Economy
• Indian Economy under British Era
Planning in India
• Phase 1
• 1st Gen
Labour and Employment
• Labour reforms
• Hunger and Poverty Measurement
• Major crops & Cropping patterns in various parts of the country
Concepts concerning International Trade and BoP
• Exchange Rate
India and Multilateral Institutions
Global Economic Developments
• Recession and Sub Prime Crisis
CONTEMPORARY ISSUES TO BE COVERED
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