💰Indian Economy

Maps to: Fundamental Principles of Economy

• Micro vs macro economics
• Scarcity & choice
• Types of economy
• Factors of production
• Demand & supply, elasticity
• Market structures

Maps to: National Income

• GDP, GNP, NNP, NDP, NI, PI, DPI
• Nominal vs real GDP
• GDP deflator
• Calculation methods
• Base year & GVA
• Per capita income

Maps to: Money and Banking

• Barter system & evolution of money
• Functions of money
• Types of money
• Money supply measures (M0-M4)
• High-powered money

Maps to: Money and Banking

• Structure of Indian banking
• RBI
• Commercial banks
• Cooperative banks
• Payments Banks & Small Finance Banks
• NBFCs
• Bank nationalisation & mergers
• NPAs & IBC 2016

Maps to: Money and Banking

• RBI origin & functions
• Monetary Policy Committee (MPC)
• Instruments: Repo, Reverse Repo, Bank Rate, CRR, SLR, OMO, MSF
• Inflation targeting

Maps to: Indian Tax System

• Direct vs indirect taxes
• GST
• Income tax slabs & corporate tax
• Customs duty, CESS & surcharge
• CBDT & CBIC

Maps to: Public Finance

• Union Budget structure
• Fiscal, revenue & primary deficits
• FRBM Act
• Finance Commission devolution
• Disinvestment

Maps to: Economic Planning & Institutions

• Planning Commission & Five Year Plans
• NITI Aayog
• Objectives & achievements of plans

Maps to: Inflation

• Meaning & types
• CPI & WPI measurement
• Effects
• Control measures
• Deflation & stagflation

Maps to: Poverty & Unemployment

• Absolute & relative poverty
• Poverty line
• Poverty alleviation programmes
• Multidimensional Poverty Index

Maps to: Poverty & Unemployment

• Types of unemployment
• Measurement
• Employment schemes (MGNREGA, PMKVY)

Maps to: Agriculture and Food Management

• Agriculture's role in economy
• Cropping patterns
• Green revolution
• MSP & procurement
• FCI, PDS, TPDS, NFSA 2013
• APMC & e-NAM

Maps to: Industry and Infrastructure

• Industrial Policies
• MSME classification
• Make in India & Atmanirbhar Bharat
• Industrial corridors
• FDI policy

Maps to: Foreign Trade & International Institutions

• Composition & direction of trade
• Balance of trade & payments
• FDI & FII
• Forex reserves
• SEZs

Maps to: Foreign Trade & International Institutions

• IMF
• World Bank
• WTO
• ADB
• AIIB
• BRICS Bank
• G20, OECD

Maps to: New Economic Policy (NEP) 1991

• BoP crisis 1991
• Liberalisation, Privatisation, Globalisation
• Key reform measures
• Outcomes & impact

Maps to: National Financial Institutions

• SEBI, IRDAI, PFRDA
• NABARD, SIDBI, EXIM Bank, NHB
• Money market instruments
• Capital market

Maps to: Demography

• Census 2011
• Population trends
• Demographic dividend
• Sex ratio, literacy, urbanisation
• HDI

Maps to: Important Indices

• HDI
• Global Hunger Index
• Ease of Doing Business
• World Happiness Report
• Global Competitiveness Index
• Gender Gap Index
• Corruption Perception Index
• SDG Index

Maps to: Schemes/Missions/Programmes/Initiatives/Portals

• Welfare schemes (PMAY, PMJJBY, PMSBY, APY, Ayushman Bharat, PM-KISAN, SBM, Ujjwala, Jal Jeevan Mission)
• Digital initiatives (UMANG, DigiLocker, BHIM)
• Missions (Smart Cities, AMRUT, Sagarmala, Bharatmala)

Maps to: Miscellaneous

• Recent economic current affairs
• RBI news
• Stock market & indices
• Cryptocurrency
• Economic terms