Economy of India Wikipedia Collection

The Indian Economy is part of GS III. There are around 10 questions which relate to Economics in Preliminary Examination.

A general understanding of major Economic indices, macro economics facts and different areas covered under the subject of Economics is essential for all the candidates regardless of their academic background. It is not a big deal. It can be easily acquired. Just remain away from too much statistics if you have any difficulty in understanding this topic.

Kindly check the link HERE. It provides a compilation of the topics on which one is expected to prepare notes and develop understanding.

It is really unfortunate that Wikipedia is facing some issues for converting some pages which contain tabular presentation to PDF format. However, the compilation definitely provides a good study plan. Second, the individual pages can be converted into PDF format and downloaded on your devices for study offline.to PDF format. However, the compilation definitely provides a good study plan. Second, the individual pages can be converted into PDF format and downloaded on your devices for study offline.

It is considered useful to provide the list of the topics assorted in the compilation.

Economic History of India

Economy of India under the Company Rule

Economy of India under British Rule

Economy of India

1991 India Economic Crisis

Economic Liberalisation in India

Economic Development in India

Income in India

Agriculture in India

Forestry in India

Animal Husbandry in India

Fishing in India

Natural resources of India

Mining in India

Information Technology in India

Business process in India

Electricity Sector in India

Indian Road Network

Indian Railways

Ports in India

Transport in India

Retailing in India

Tourism in India

Medical Tourism in India

Finance in India

Banking in India

Insurance in India

Globalisation in India

List of the largest trading partners of Indiaof IndiaIndiaof India

Foreign Direct Investment in India

Indian Rupee

Reserve of India

Poverty in India

Labour in India

Indian Labour Law

Child Labour in India

Education in India

Corruption in India.

The above list in not exhaustive. However, it will develop a plan to cover the topics under Economics. Secondly, all the pages on Wikipedia are not of equal quality. But, it provides you with a planning of the topics that must be covered.

The titles on Economy of India are popular in market and it is assumed that the interested candidates know about them. However, some of the titles in form of Advertisements are reproduced below. Kindly use your discretion while making any buying decision.  

---

Attention Readers: Advertisements: Use your discretion while making any purchases.

---

India: Basic Lesson

A Study of India is highly important for Preliminary as well as GS I, GS II and GS III.

In Wikipedia Books, Aman Agarwal has compiled a book on India very intelligently. The contents will speak for itself. Many teachers suggest the India Year Book as a guiding basis for preparing notes on India. In case of Wikipedia, there are many articles which contain many further links that it becomes unmanagable study stretagy. However, Aman Agarwal provides a highly imaginative, thoughtful and effective collection of articles. He has thoughtfully developed the chapters which are as follows:

He has given the name to the book as India: An Overview.

The chapters are:

Main Article: India. (Everyone should know it.)

Etymology

History of India divided in History of India and History of Republic of India.

Government: Government of India and Administrative Divisions of India.

States of India: A complete collection

Union Territories of India

Politics

Foreign Relations and Military

Geography

Flora and Fauna

Economy: Economy of India and Economic History of India

Demographics

Culture

Sports

 I strongly recommend to Visit the Book HERE

---

Attention Readers: Advertisements: Use your discreation while placing any order.

---

Pradhan Mantri Jan Dhan Yojana (PMJDY)

---

---

Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. (contents from the government site at pmjdy.gov.in)

---

---

What is RuPay Debit Card?

---

---

What is RuPay Debit Card?
Ans. Rupay Debit Card is an indigenous domestic debit card introduced by National Payment Corporation of India (NPCI). This card is accepted at all ATMs (for cash withdrawal) and at most of the PoS machines (for making cashless payment for purchases) in the country.

---

(contents from the government site at pmjdy.gov.in)

---

---

---

What is a BSBDA Account?

---

---

What is BSBDA Account?
Ans. Basic Savings Bank Deposit Account (BSBDA) has been defined by RBI vide its circular dated 10.08.2012. Its salient features are: • There is no requirement of minimum balance. • The services available include deposit and withdrawal of cash at bank branch as well as ATMs; receipt/credit of money through electronic payment channels or by means of collection/deposit of cheques. • Maximum of 4 withdrawals a month including ATM withdrawal. No such limit for deposits. • Facility of ATM card or ATM-cum-Debit card. • These facilities are to be provided without any extracost.
The accounts opened under the Pradhan Mantri Jan Dhan Yojana is a BSDA account.

---

. (contents from the government site at pmjdy.gov.in)

---

---

---

NPS: National Pension System

---

National Pension System Click here for elaboration as given on TOI by Swatantra Kumar

---

RTGS System

---

---

RTGS stands for Real Time Gross Settlement. For an authoritative FAQ check HERE a RBI FAQ.
For Wikipedia article, which contains a wider perspective Check HERE.
The Wikipedia Article contains points which makes it an important topic for preparation. Check here Economic Times article of this year.

---

---

Justice B. K. Shrikrishna Panel on Financial Sector Regulation

---

---

Business studies are now important part of the General Studies Preliminary and Mains examinations. The suggested post here (Click to access) provide a list of Financial Sector regulators. It will be useful for uninitiated aspirants who are from non-commerce stream to write notes on Business Studies.
Suggested terms:
1. RBI: Reserve Bank of India
2. SEBI: Security Exchange Board of India
3. IRDA: Insurance Regulatory and Development Authority
4. PFRDA: Pension Fund Regulatory and Development Authority
5. FMC: Forward Markets Commission
6. SAT: Securities Appellate Tribunal
7. DICGC:
8.FSDC: Financial Sector Development Council

---

---

12th Five Year Core Data

---

---

Check Here for the core figures of 12th Five Year Plan. Must for everyone.

---

---

Basel Accords

---

---

Check the following two links in order to understand the concept of Basel Accords. They are related to Banking. In light of the world economic crisis, an understanding of Basel Accords and especially Basel III which comes into force from 2013 to 2018.
Wikipedia Article Further links within in the article can be explored for a wider perception especially Basel II and Basel III.
Hindu Article.

---

---

GAAR: What is it?

---

---

GAAR stands for General Anti-Avoidance Rules. It is aimed at checking the tax avoidance by companies. The Economic Times article HERE discusses the different dimensions and actual thought behind it. It is good for reading and making relevant notes.

Demographic Data for 60 Plus

---

---

India is a country which is growing young. In case of other countries, the old population is increasing more than young population. However, that does not mean that India would not be having the issue of old population. In coming years, the issue of the old age population would require attention of the government.

Check the Report HERE and make notes on the contents.

---

---

Demographic Data 2011

---

---

Demographic data is very crucial. Rather Demographic studies are must. Such a data is crucial for every country and nation for planning. Secondly, it is needed by all such sciences which deal in human beings whether it is sociology, economy, history, political science, public administration. The latest data is equally important as remembering some core ratios. It is useful for GS prelims, GS Mains as well as elective subjects.

Check the report HERE and study it attentively and make notes on change size of family over a decade. Along with that, there should be sensitization about the related problems like housing, child care and divorce rates.

Indo-China Trade $67 billion:6700 crore $

---

---

Check the Outlook Story HERE.

It is a usual kind of a story on the news magazine. However, there are figures on Indo China Trade which are good for notes. Secondly, it has given a perspective on ground realities of Indo-China trade which can be useful for preparing answers for the interview.

Hints:
The hurdles for small and medium Indian Businessmen
The objections of the Chinese Businessmen against the Indian business scenario.
The local ground realities of Chinese Market.
The support of the Ministry of Foreign Affairs.
The credit problem for the Indian Businessmen
The future prospects
The Indian Exporters expectation from the Chinese Market

---

---

New Consumer Price Index

---

---

Before reading the post, Check the contents of a suggestive report here

From February 2011, the GOI has adopted new CPI. Shri Mallikarjun Kharge, Minister for Labour And Employment had given a statement in Parliament giving the detail of the composition of CPI.

It is interesting to read the contents of the statistics.

I am of the view, that this year question paper is going to be bulky. As the stress will to evaluate the analytic ability, therefore, some sets of data will definitely take space on the question paper.

Go through the data provided in the report. Try to question as follows:
If any change takes place in housing, which section of society is going to be effected more?

Which type of food items are consumed more in Urban area?

If you are businessman in a particular area of trade, which section of society, rural or urban, can be your customers?

Check the contents of the suggestive report here.

---

---

Liquidity Crunch: A theoretical perspective

---

---

The RBI is the monetary monitor in the country. The policies adopted by it has earned it appreciation through out the world.

Economic policies and foreign relations are two major topics which have emerged as major topics for General Studies Main paper. These two issues are highly specialized topics which all the aspirants are not expected to understand in their true dimensions. However, questions are there. They are to be prepared. The Economic Times and Business Standard are two such papers which regularly publish notes on the theoretical aspects on Economic policy issues. You do not have to have deeper knowledge of economics. The write ups are such that they could be understood by any intelligent educated person regardless of his or her academic background. The given report titled Liquidity Crunch: A tool to Transmit Monetary Policy is a note with such a content. There are many more issues taken up in the article like repo rate and reverse repo rate which are important topics which can be asked in the paper are also taken up. Kindly make note of that.

---

---

NREGA Issue: Editorial

---

---

The article by Aruna Roy, member National Advisory Council, titled ‘What’s in NREGA for the middle class’ is written in elusive phraseology but quite suggestive for the aspirants for Civil Services. It is an elusive only to the extant that author has not given facts and figures which actually are required for the preparation of notes for Civil Services as that matters while writing answer. However, even then, it is an article which could be read in order to prepare to develop ones own views about the future development of the scheme MGNREGA. It can be useful for the interview as well writing answers in Mains even in 2011.

The MGNREGA spirit can be well understood and developed for examinations if the aspirants makes an additional study of New Deal of Roosevelt especially the motive of the schemes adopted between 1936 and 1940 in America. The candidates can use Wikipedia to acquire already developed material.

I am bit confused about the use of the term Middle Class as the target section of the society as the goal of NREGA. On the whole, a simple reading this topic is required.

---

---

Global Activities of India for next 1 Year

---

---

Refer to the editorial of Times of India HERE

The write up is about the Indian foreign policy for the next 12 months. It has taken up multiple dimensions related to Indian economy and international relations. It is worth reading for 2011 interview as well next year Mains examination.

It tries to bring out the perspective about the aims and notions of different countries about India as a market, partner in world politics and investment destination. France, UK, Russia, USA and China look from different angles towards India. India is approaching them with her national interest in mind. The above article helps in writing a note from that perspective.

Make a note on the contents of the article.

---

---

NAC on National Food Security Bill

---

---

National Advisory Council and Planning Commission have come up with the scheme which would be part of the National Food Security Bill. It is a proposed plan and the Bill which would bring in the restructured PDS and also change the BPL basis for social policy of the government.

The following list can be useful:
Economic Times Report
The Hindu Report
The Business Standard Report
The Hindustan Times Report
The Times of India.

The sequence of report has been ranged according to the utility of the content. The first one is the best one and later one includes previous reporting or different angles.

---

---

Look East Policy of India

---

---

Read the news letter on forthcoming events in East wherein Indian Prime Minister Manmohan Singh will participate. It is for such letters/reports the the Hindu is highly recommended by successful candidates. It helps to develop the right perspective on government policies even for those who do not have well grounded understanding of the foreign relations. Check the news report.
Points suggested:
1. relation with Japan
2. relation with Malayasia
3. ASEAN-India Summit and East Asia Summit
4. Comprehensive Economic Patnership Aggrement and Comprehensive Economic Cooperation Aggrement as the core of East Asia economic policies.

---

---

Report to be read:

Look East Policy

---

---