Understanding the key terms and concepts from the Economic Survey is vital for UPSC Prelims aspirants. This document serves as a treasure trove of economic insights, policies, and indicators that shape India's economic trajectory. Mastery of these terms is essential as they often form the bedrock of questions in the Economics section of the UPSC Prelims
Terms such as Capital Expenditure(Capex), Advanced Economies (AEs), Domestic private consumption, Retrospective taxation, Standing Deposit Facility (SDF), Account Aggregator Framework and various economic indicators find prominence in the Prelims examination. Additionally, concepts like fiscal deficit, current account deficit, GDP growth rates, and indices measuring economic well-being are recurring themes.
A quick and crisp Fact File understanding of these terms and concepts through the Economic Survey 2022-2023 equips aspirants to tackle diverse questions related to economic indicators, government policies, and economic performance. Familiarity with these terms aids in comprehending data, interpreting economic trends, and analyzing policy implications, ultimately enhancing candidates' performance in the UPSC Prelims.
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