This post is a compilation of our most viewed notes on Economics, which we think our readers should not miss.
Learn Economics: Must Read Articles
The below-mentioned notes are a must-read for aspirants preparing for various exams.
- Basic Concepts of Economics In Simple Language.
- Factors of Production
- Everything You Need To Know About India’s New GDP Series 2011-12.
- Indian Economy Overview
- Ten Steps For India To Be The Third Largest Economy by 2043.
- Monetary Policy of India
- Expansionary vs Contractionary Monetary Policy
- REPO and CRR Rate Cuts
- Rupee Devaluation, Depreciation, Export and Import.
- Unified Payment Interface (UPI)
- Money Supply
- Monetary Aggregates
- Differentiated Banks – Small Finance Banks vs Payment Banks
- Urban Cooperative Banks
- Non-Performing Assets (NPA)
- The Twin Balance Sheet Problem (TBS)
- Interest Coverage Ratio
- Yes Bank Crisis and Reconstruction
- Operation Twist
- Government Budgeting in India – The Process and Constitutional Requirements.
- Budget Documents Made Simple: Key to Budget Documents.
- FRBM Act – Guidelines, Targets, and Escape Clause
- The difference between the Full Budget and Vote on Account.
- Cut Motions: Policy Cut, Economy Cut, and Token Cut
- Tax Expenditure and Budgetary Policies.
- Fiscal Deficit and Current Account Deficit.
- What is the Economic Survey?
- Goods and Services Tax (GST): Everything You Need to Know Including Issues Unresolved
- Universal Basic Income (UBI): Everything you need to know
Indian Economy – Sectors
- Sectors of Economy: Primary, Secondary, Tertiary, Quaternary, and Quinary.
- Factors Responsible for the Location of Primary, Secondary and Tertiary Sector Industries in Various Parts of the World (Including India).
Primary (Agriculture) Sector
- National Commission on Farmers – Recommendations
- Agricultural Marketing Reforms: Model APMC Act and NAM
- Farmers’ Suicides in India – Reasons and Responses
- Food Processing and Related Industries in India.
- Pink Revolution in Food Processing Industry.
- Land reforms in India.
- National Land Records Modernization Programme (NLRMP)
- Minimum Support Price (MSP) – Explained with Video
- Public Distribution System (PDS): Challenges and Reforms
Secondary (Industrial) Sector
- Index of Industrial Production (IIP): Made Easy to Understand.
- Index of Industrial Production (IIP): All About The New IIP Series (2011-12)
- Indian Companies Act 2013: Salient Features.
- Make In India Initiative.
- Micro, Small and Medium Enterprises (MSME): The Importance in Indian Economy
Tertiary (Service) Sector
- Insolvency and Bankruptcy Code: Why do we need it now?
- National Investment and Infrastructure Fund (NIIF)
- PM Gati Shakti: Master Plan for Multi-modal Connectivity
- National Infrastructure Pipeline (NIP) – Can this mega-push revive the Indian economy?
- National Monetisation Pipeline (NMP)
- Indian Railways – What’s Wrong With The National Transporter?
- Bullet Trains – Does India really need them?
- Privatisation of Air India – Should India’s Public Sector Airline be Disinvested?
- 7 Initiatives by the Government to Promote Energy Efficiency and Energy Conservation
- Neduvasal Hydrocarbon Project Controversy: Everything you need to know
- Foreign Trade of India
- Balance of Payments
- India’s Free Trade Agreements
- Masala Bonds
- Foreign Direct Investment (FDI) in India
Planning and Federalism
- Indian Economy: Issues Related to Planning.
- Indian Economy: Mobilization of Resources.
- Indian Economy: Growth, Development, and Employment.
- Investment Models.
- 12th Five Year Plan 2012-17 Targets.
- From Planning Commission To NITI Aayog: Evolution of Indian Planning.
- NITI Aayog: The new ‘think-tank’ to replace the Planning Commission.
- How do States get revenue from the Center?
- The Shrinking Central Plan and Growing Central Assistance.
- 15th Finance Commission: Recommendations
- The Core of the Core Schemes, Core Schemes, and Major Central Sector Schemes in Union Budget 2018
- Major Programs Under Central Plan: Budget 2015-16.
- Major Programs Under Central Assistance to States Plan: Budget 2015-16.
- Centrally Sponsored Schemes (CSS).
- Rashtriya Kishor Swasthya Karyakram (RKSK) and RMNCH+A.
Financial Market – Money Market and Capital Market
- Financial Market: Money Market and Capital Market.
- Money Market Overview.
- Capital Market Overview.
- Speculation, Hedging, Arbitrage and Investment.
- SEBI (Securities and Exchange Board of India).
- Share and Stock Market: Common Questions.
- Poverty – Dimensions and Challenges Explained
- Human Capital – What India needs to reap the Demographic Dividend
- Education in India – A Detailed Analysis
- No-Detention Policy In The Schools – Should it be scrapped?
- The Problems of Medical Education in India – Should the Medical Council of India (MCI) be Scrapped?
- National Education Policy 2020: Key Highlights
- Self Help Groups (SHG) in India: Gist of Kurukshetra.
- Non-Governmental Organizations (NGOs) and Recent Issues.
Economic Survey and Latest Data
- Economic Survey 2021-22: Highlights
- Economic Survey 2019-2020 Summary: 10 Key points which you should not miss!
- 8 Interesting Facts about Indian Economy from the Economic Survey
- 10 New Facts About Indian Economy Based on Economic Survey 2017
- Indian Economy Statistics: Know India Better.
- Committees and Commissions in India.
- What is the Economic Survey?
- WTO, Trade Facilitation Agreement and Indian Stand.
- Fiscal Cliff and Fiscal Drag Explained.
- US Debt Ceiling Crisis and US Federal Government Shutdown Explained.
- Bitcoin: Understanding The Basics.
- Ease of Doing Business – ‘The Rank’ Explained
- The Black Money Saga In India: A Short Analysis
- Panama Papers: Case of Tax Evasion by the Rich?
- 10 Benefits of Goods and Service Tax (GST)
- Crowdfunding – Benefits and Concerns
- Gig Economy – What’s the problem with this new trend?
- Blue Economy
Check the Economics notes category to read the complete article archives (from the latest posts to the oldest ones).
How to download ClearIAS Notes?
Every note published on ClearIAS.com has a print-pdf button attached at the post-bottom-right. Readers can download each of the notes as PDF for free using the ‘print-pdf’ option.
Alternatively, you can use the website ‘printfriendly.com’ to enter the URL of any posts in ClearIAS.com to download a clean, reader-friendly PDF.
Books to learn Indian Economy
- Indian Economy – by Ramesh Singh (Click to buy from Amazon)
- Indian Economy – by Nitin Singhania (Click to buy from Amazon)
- Indian Economy Key Concepts – by Sankarganesh Karuppiah (Click to buy from Amazon)
Additional Reference Books
- Economic Survey.
- India Year Book.
- Indian Economy Since Independence – Uma Kapila.
- Indian Economy – Datt and Sundaram.
- Indian Economy – Sanjeev Varma.
- Indian Economy – Mishra and Puri.
- Indian Economy – Performance and Policies – Uma Kapila.
- March of Indian Economy.
How To Study Economics?
The above-mentioned order of posts follows the order ideal for easy comprehension and understanding.
We have followed a simple and lucid language throughout. Also, real-life examples are provided, which we feel help all our readers to understand concepts faster.
Tip: If you are looking for specific guidance for economics/economy for the IAS exam, refer to our post – How to Prepare Economy for Civil Services Exam?”
What should you understand by the term ‘Economy’?
Aspirants often call this section Economics. There are others who call this section as Indian Economy.
But the exact wordings from the UPSC Prelims syllabus are “Economic and Social Development, Sustainable Development, Poverty, Inclusion, Demographics, Social Sector initiatives, etc.
Questions to test the economics fundamentals are also asked, but most of the questions revolve around topics like Inflation, Monetary Policy, Fiscal Policy etc.
Our approach and advice!
As the Indian Economy section for the UPSC exam is more current affairs oriented, no one can guarantee any textbook is complete. Ideally, one should have at least one book on the Indian Economy plus the latest economic survey.
Also, the latest budget should be properly analyzed. Economic and Political Weekly (EPW) is a magazine that can be suggested as a good read.
The best way to start is by understanding basic concepts, thinking and asking questions. We hope our free online resources on economics would be a good starting point.
Is clearias app available for windows phone?can u make it available in windows smart phone?please….
Can you tell me that in Indian economy
for civils, whether to concentrate more on factual data and figures or conceptual analyse or both equally
can me in percentages
Concepts are important. Approximate idea about facts and figures would suffice.
SHIJIL K says
actually we need to focus more on authentic data which will enable us to make authentic answer. basic concepts should be there to analyse the facts and data we have.
Sukhchain singh says
For prelims facts are necessary but for mains not need to concentrate on factss rather simple idea is kk
Anmol sambhaji kumbhar says
✍✍Best initiative ever ever ..🍬🍬🍬🙏🙏🙏
thanks a lot clearias.this site is simply the best.am a ba student and these notes sure help me a lot.
Its better to understand the concept. Dont waste your precious time by continuous reading just get the concept.
Hello, my website https://statemaps.org aims for better understanding of inequality among Indian states on economic parameters by using interactive map. Please check this out and suggest if it can be used as reference link on your mobile or app?
Shubham Tripathi says
UDIT BHASKAR says
Is there any single link to download all the pdf related to economy notes?
Divya Goel says
Clear IAS Ur notes are very good.. easy to understand thanku very much..
is computer software of the clear ias send location of .exe
Kshitij Shukla says
The contents are not updated … budget , year book only till 2016-17..plz update
Is economics statistic of class 11 is also in syllabus of upsc ? Pls reply
class 11th is not only requirement for upsc more than you study indian economy by ramesh singh.
no sis thats why i shifted to android
short notes are sharped for studying indian economy
h parekh says
…sharped –> sharpened
Madam/ sir plz update your notes
Updated data is to be provided in such widely sought platform.
Updated data is to be provided in such widely sought platform…
vikash singh says
CAN I DO IAS PREPRATION WITH ONLY ECONOMICS?
● Not possible dear …..
● There are almost 10-12 different subjects , you have to study in GS only.
● Follow syllabus properly .
Please explain public debt and it’s causes
Can i have pdf of economics notes for prelims 2020
Hey does this content cover everything? As in do I need to refer more resources or are there any topics that are relevant but not covered here?
Are the topics of the syllabus you have posted, updated for 2021 preparations??
Surabhi Shrivastava says
Sir pls I urgently need description of quantum economics in Hindi.Plz send on my email address. Jidhar bhi check kiya ,quantum economy ko physics se compare kiya lekin achhi detail nhi mili quantum economics ki.Mujhe short essay prepare krna h quantum economics pe.Plz help Sir.
Surabhi Shrivastava says
Jitna jaldi aur achha material ho sake ,send pls on my email ID
great post. could you please review “madhur mahajan- indian economy for upsc”?
That seems to be missing from your list “Useful Books to study Economics”.i want to pick the best book so that i can reread/read between the lines to understand concepts and write analytical and logical answers.i want a book which is comprehensive ,logical, lucid, unlike sriramias (which i also read partly) which is comprehensive but seems to be copy/paste.this book seems to fullfill all conditions and had glowing reviewers(blurb) from toppers and academics.it is definitely better than ramesh singh. could you do a comparative review of this book with other books? thanks in advance.great work on this notes.
DURGAPRASAD SAHOO says
Really this is good initiative for providing such basic conceptual notes in pdf format so that we follow these notes for our self understanding.great work by CLEAR IAS🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️✍️
Anmol sambhaji kumbhar says
✍✍Best initiative ever ever ..🍬🍬🍬🙏🙏🙏
quantum=== kaun tum ?
Sajan Mangar says
Can you provide these all notes in one pdf .
Maitri Sharma says
It’s really good. Though all the answers are clearly given in the book, this is helpful as a reference. The answers are brief and to the point. The diagrams are appropriate and understandable
sir, this content is enough for static part?