Indian Economy Current Affairs Updates For UPSC IAS Mains 2024 Examination
On this page you will find articles that falls under subject Indian Economy for UPSC IAS Mains 2024 examination
Insolvency and Bankruptcy Code (IBC)
This post has been created on Insolvency and Bankruptcy Code (IBC) is based on article “Recasting insolvency resolution” published in The Hindu on 20th January 2025. UPSC Syllabus topic: GS Paper 3-Economy Context: The article critically examines the state of India’s insolvency resolution framework under the Insolvency and Bankruptcy Code (IBC), 2016, highlighting its challenges… Continue reading Insolvency and Bankruptcy Code (IBC)
India’s Economic Slowdown Requires Structural Issue Fix
Source: The post India’s Economic Slowdown Requires Structural Issue Fix has been created, based on the article “A different economic question” published in “Indian Express” on 20th January 2025 UPSC Syllabus Topic: GS Paper3- Economy- Growth and Development Context: The article highlights India’s economic slowdown as driven by both structural and distributional issues. It points… Continue reading India’s Economic Slowdown Requires Structural Issue Fix
Current state of India’s economic growth
Source: This post on Current state of India’s economic growth has been created based on article “‘To fix economy, boost consumption’ ” published in The Hindu on 18th January 2025. UPSC Syllabus topic: GS Paper 3- Indian Economy Context: This article highlights the Reserve Bank of India’s (RBI) assessment of India’s economic challenges and potential… Continue reading Current state of India’s economic growth
India’s Real Growth Rate and Forecast
Source: This post on India’s Real Growth Rate and Forecast has been created based on article “India’s real growth rate and the forecast” published in The Hindu on 18th January 2025. UPSC Syllabus topic: GS Paper 3- Indian Economy Context: This article evaluates India’s economic performance in 2024-25 and provides projections for its growth trajectory… Continue reading India’s Real Growth Rate and Forecast
How to Boost Investment and Economic Growth
Source: The post How to Boost Investment and Economic Growth has been created, based on the article “Why the budget must prioritise incentives, not just resources” published in “Indian Express” on 18th January 2025 UPSC Syllabus Topic: GS Paper3- Indian Economy and issues relating to planning, mobilisation, of resources, growth, development Context: The article highlights… Continue reading How to Boost Investment and Economic Growth
India’s Economic Challenges and Policy Solutions 2025
Source: The post India’s Economic Challenges and Policy Solutions 2025 has been created, based on the article “A macro tight rope walk” published in “Business Standard” on 17th January 2025 UPSC Syllabus Topic: GS Paper3- Economy- growth and development Context: The article discusses India’s economic challenges in 2025, including global financial pressures, slower domestic growth,… Continue reading India’s Economic Challenges and Policy Solutions 2025
India’s Growing Inequality and Economic Struggles
Source: The post India’s Growing Inequality and Economic Struggles has been created, based on the article “Our economy seems to have gotten even more K-shaped” published in “Live mint” on 16th January 2025 UPSC Syllabus Topic: GS Paper3- Indian Economy Context: The article highlights India’s growing economic inequality, with luxury spending rising among the wealthy,… Continue reading India’s Growing Inequality and Economic Struggles
India’s Startup Growth Opportunities and Key Challenges
Source: The post India’s Startup Growth Opportunities and Key Challenges has been created, based on the article “How India can become the world’s leading startup ecosystem” published in “Indian Express” on 16th January 2025 UPSC Syllabus Topic: GS Paper3- Economy-Indian Economy and issues relating to planning, mobilisation, of resources, growth, development and employment. Context: The… Continue reading India’s Startup Growth Opportunities and Key Challenges
J&K Infra Push
Source: This post on J&K Infra Push has been created based on article “Express view on J&K infra push: Delhi and Valley” published in The Indian Express on 15th January 2025. UPSC Syllabus topic- GS Paper 3- Economy Context: The article examines the Indian government’s infrastructure development efforts in Jammu and Kashmir (J&K) in the… Continue reading J&K Infra Push
Draft UGC Regulations, 2025
Source: This post on Draft UGC Regulations, 2025 has been created based on article “India’s data protection rules need some fine-tuning” published in The Hindu on 13th January 2025. UPSC Syllabus topic- GS Paper 3- Issues Relating to Development and Management of Social Sector/Services relating to Health, Education, Human Resources. Context: The article discusses the… Continue reading Draft UGC Regulations, 2025
Overview of the GDP Growth Slowdown
Source: This post on Overview of the GDP Growth Slowdown has been created based on article “Decoding India’s growth slowdown” published in The Hindu on 10th January 2025. UPSC Syllabus- GS-3 -Indian Economy Context: The article analyzes the slowdown in India’s economic growth, as reflected in the first advance estimates of GDP for 2024-25, released… Continue reading Overview of the GDP Growth Slowdown
India’s Financial Needs for Growth by 2047
Source: The post India’s Financial Needs for Growth by 2047 has been created, based on the article “Financing India’s future growth is a challenge that must be met” published in “Live mint” on 10th January 2025 UPSC Syllabus Topic: GS Paper3- Economy- mobilisation of resources Context: The article discusses India’s need for financial capital to… Continue reading India’s Financial Needs for Growth by 2047
Addressing Key Challenges to Boost India’s Growth
Source: The post Addressing Key Challenges to Boost India’s Growth has been created, based on the article “Fix India’s bond market to lift economic growth” published in “Live mint” on 9th January 2025 UPSC Syllabus Topic: GS Paper3- Economy-Indian Economy and issues relating to planning, mobilisation, of resources, growth, development and employment. Context: The article… Continue reading Addressing Key Challenges to Boost India’s Growth
The Right to Food and Challenges with the PDS
Source: This post on The Right to Food and Challenges with the PDS has been created based on article “The right to food and the struggle with the PDS”published in The Hindu on 9th January 2025. Syllabus: GS Paper- 3- Economy Context: The article delves into the challenges faced by marginalized communities in accessing their… Continue reading The Right to Food and Challenges with the PDS
India’s Economic Growth Slows with Mixed Trends
Source: The post India’s Economic Growth Slows with Mixed Trends has been created, based on the article “To grow economy, help consumers spend” published in “Indian Express” on 9th January 2025 UPSC Syllabus Topic: GS Paper3- Economy-Growth and development Context: The article discusses India’s slowing GDP growth, driven by reduced government capital expenditure, industrial deceleration,… Continue reading India’s Economic Growth Slows with Mixed Trends
India’s Economic Challenges and Policy Adjustments
Source: The post India’s Economic Challenges and Policy Adjustments has been created, based on the article “Monetary policy should lead the easing cycle our economy needs” published in “Live mint” on 8th January 2025 UPSC Syllabus Topic: GS Paper3-Economy- growth and development Context: The article discusses India’s economic challenges and policy decisions. It highlights slowing… Continue reading India’s Economic Challenges and Policy Adjustments
Union government capex declines, challenging fiscal stability.
Source: The post Union government capex declines, challenging fiscal stability has been created, based on the article “An opportunity in capex decline” published in “Business Standard” on 8th January 2025 UPSC Syllabus Topic: GS Paper3- Economy- Government Budgeting. Context: The article discusses the decline in the Union government’s capital expenditure, mainly in roads, defence, and… Continue reading Union government capex declines, challenging fiscal stability.
Nehru’s Economic Policies and Their Shortcomings
Source: The post Nehru’s Economic Policies and Their Shortcomings has been created, based on the article “Why criticism over the Nehru-led economy doesn’t hold” published in “Indian Express” on 7th January 2025 UPSC Syllabus Topic: GS Paper3-Indian Economy Context: The article discusses India’s economic performance during Nehru’s leadership. It highlights his focus on income growth,… Continue reading Nehru’s Economic Policies and Their Shortcomings
Measuring CPI Impact of Free Foodgrain Distribution
Source: The post Measuring CPI Impact of Free Foodgrain Distribution has been created, based on the article “Welfare programmes impact the retail prices relevant to people” published in “Live mint” on 7th January 2025 UPSC Syllabus Topic: GS Paper3- Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives,… Continue reading Measuring CPI Impact of Free Foodgrain Distribution
Badge engineering boosts carmakers market strategies
Source: The post Badge engineering boosts carmakers market strategies has been created, based on the article “What is ‘badge engineering’ in cars, how it helps customers, automakers” published in “Indian Express” on 6th January 2025 UPSC Syllabus Topic: GS Paper3-Effects of liberalisation on the economy Context: The article explains “badge engineering,” where carmakers share vehicle… Continue reading Badge engineering boosts carmakers market strategies
Boosting India’s Economy through Innovation and Reform
Source: The post Boosting India’s Economy through Innovation and Reform has been created, based on the article “Three wishes for 2025” published in “Business Standard” on 3rd January 2025 UPSC Syllabus Topic: GS Paper3- Growth and Development Context: The article discusses the need for India to invest in innovation, scale up manufacturing, and focus on… Continue reading Boosting India’s Economy through Innovation and Reform
India Plans Tax Reforms to Reduce Debt
Source: The post India Plans Tax Reforms to Reduce Debt has been created, based on the article “Next steps in fiscal management” published in “Business Standard” on 3rd January 2025 UPSC Syllabus Topic: GS Paper3- Economy- mobilisation of resources Context: The article discusses India’s government plans to manage its finances better by reducing the national… Continue reading India Plans Tax Reforms to Reduce Debt
Decline in Suicides Among CISF Personnel
Source: This post on Decline in Suicides Among CISF Personnel has been created based on ‘Suicides among CISF personnel dip 40% due to proactive measures’ published in The Hindu on 3rd January 2025. UPSC Syllabus topic: GS -3- Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Context: This article provides an in-depth overview of Air India’s introduction of in-flight… Continue reading Decline in Suicides Among CISF Personnel
Air India’s Rollout of In-Flight Wi-Fi Connectivity
Source: This post on Air India’s Rollout of In-Flight Wi-Fi Connectivity has been created based on Explained: How in-flight Internet works published in The Hindu on 3rd January 2025. UPSC Syllabus topic: GS -3- Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Context: This article provides an in-depth overview of Air India’s introduction of in-flight Wi-Fi services, making… Continue reading Air India’s Rollout of In-Flight Wi-Fi Connectivity
Evaluating the Legacy of Manmohan Singh’s Leadership and 1991 Economic Reforms
Source: This post on Evaluating the Legacy of Manmohan Singh’s Leadership and 1991 Economic Reforms has been created based on Remembering the impactful legacy of wise leadership published in The Hindu on 3rd January 2025. UPSC Syllabus topic: GS -3- Economic Development Context: The article is a reflective analysis on the economic and social transformations India underwent during… Continue reading Evaluating the Legacy of Manmohan Singh’s Leadership and 1991 Economic Reforms
How to read Indian Economy for UPSC
In UPSC IAS preparation, one subject which most of the students find very difficult to start with and understand is Indian Economy. They mostly struggle with the approach, textbooks to follow and how to read Indian Economy related news in the newspaper.
Indian Economy consists of both static as well current affairs. In this subject, textbook will build your basic understanding and help you to solve around 3-5 % of the total questions asked in the UPSC Prelims exam. Students need to refer multiple sources to better understand Indian Economy and fetch good marks in both UPSC Prelims and Mains. Every year around 10-15% questions are asked in UPSC Prelims exam from static portion, current affairs (schemes) and India Year Book. It has even increased up to 30 % in 2018 and 2019 UPSC Prelims exam. So, in any case students cannot avoid this subject as it is as important as History, Polity and Geography.
In this article, we will discuss in detail about the study approach of Indian Economy. This article would be very helpful for those who are scared of this subject and always try to run away from this. Once you will understand the basic concepts of Indian Economy, you will start enjoying this subject and eventually you will have a good command over this subject.
Before starting any subject in UPSC IAS preparation, it is advisable for all the students to see the past year trend of both UPSC Prelims and Mains questions. Indian Economy is part of both UPSC IAS Prelims Syllabus and UPSC Mains Syllabus. Hence, it becomes very important for the students to study this subject with right approach and have a good understanding over the topics asked in the exam.
In the following table, we will see the total number of questions asked in the UPSC Prelims exam in last 6 years from Indian Economy:
prelims 2021 – 14
2022 – 18
2023 – 12
| Year | Total number of questions asked |
| 2020
| 14
|
| 2019
| 28
|
| 2018
| 29
|
| 2017
| 14
|
| 2016
| 15
|
| 2015
| 21
|
Overview of the UPSC IAS syllabus for Indian Economy:
| Phase | Syllabus |
| UPSC Prelims- General Studies (Paper I)
| Economic and Social Development – Sustainable Development, Poverty, Inclusion, Demographics, Social Sector initiatives, etc.
|
| UPSC Mains- General Studies (Paper III)
| Economic Development
|
Study approach of Indian Economy subject for UPSC IAS:
- Read the syllabus: Students need to go through the syllabus of Indian Economy for both UPSC Prelims and Mains. It will give them a detailed guideline about what they have to read and what they have to leave. Print the syllabus and stick that in that in your study table.
- Start with the basic NCERT textbooks: To understand the basic concepts. One should start the preparation of Indian Economy with NCERT textbooks. One simply read the book, highlight the important point and revise them. Notes making is not much important here. Following are the NCERT textbooks which one need to read:
- Class IX NCERT textbook ‘Economics’
- Class X NCERT textbook ‘Understanding Economic Development’.
- class XI NCERT textbook ‘Indian Economic Development’.
- Class XII NCERT textbook ‘Introductory Microeconomics’.
- class XII NCERT textbook ‘Introductory Macroeconomics’ (Most important).
- Take a step forward with advance book: To cover each topic thoroughly and understand everything in detail, students need to refer one advance book for Indian Polity. ‘Indian Economy’ by Ramesh Singh is simple and good book to understand the topics. Here also, one should not run behind taking notes of each topic. Highlighting the things and multiple revision would be helpful for students.
- Current Affairs: Indian Economy is totally linked with current affairs. Topics like SLR, RR, GDP are current based. One must refer monthly current affairs magazine to cover current based issues. One thing is very important to note that, no current affairs magazine can substitute the Newspapers. To cover Indian Economy related news, “Economic Times or Business Standards” would be recommendable.
- Refer other miscellaneous materials: After reading Economic Survey and Budget, your preparation will be complete. Economy Survey and Budget will give you basic idea about How our country is developing. What is growth, what is the expenditure and revenue? This will help you in both UPSC Prelims and Mains. One can also refer Economic and Political Weekly (EPW) magazine. This is completely optional and will only be helpful when you have completed and revised the other things.
- Focus more on Government Schemes and some important topics of Indian Economy: UPSC every year ask lots of questions on Government Schemes related to Indian Economy. Students must cover every schemes thoroughly and they can also make short notes on them and revise them. Some important topics of Indian Economy on which students need to focus more are:
- National income accounting, GDP, GNP, inflation, balance of payment, fiscal policy, monetary policy, RBI, PSL, NBFC.
- Finance commission – terms of references, themes.
- International organizations – World Bank, IMF, WTO, UNCTAD, WEF and their reports. Bodies like G-15, G-7, G-33, etc.
- Basic economic terms, demographic dividend, inclusive growth.
- Taking help of online sources: Students should utilize the benefits of integration of technology in education. Topics which they find difficult to understand, can easily get command over those topics with the help of You tube, online classes etc. On these platforms, they can read and revise the topics multiple times.
- Refer Previous year UPSC Prelims and Mains questions: Analyzing the past year papers will help students to have a clear understanding of which types of questions are asked by UPSC. On these lines, students should give the second reading to the advance book and NCERTs.
- Practice mock tests: After completing the syllabus once, students need to give mock tests. Firstly, they can solve MCQs topic wise. After that, weekly they can solve MCQs based on complete syllabus of Indian Economy. It will help them to reduce their fear and also build their logic on solving MCQS.
- Answer writing practice: After completing the whole syllabus once, students must start answer writing practice on Previous Years Question of UPSC Mains. They should also practice daily/weekly answer writing based on their capacity.
- Revision is the key: Revision is the key to Success. Students need to revise each and every topic multiple times. Revision will boost their preparation and help to make a blueprint of everything in the back of the mind. It will reduce the time taken in the final exam (Prelims and Mains) to solve the questions.
Indian Economy is an interesting and concept-based subject. One cannot understand the subject if will try to simply mug up the things like in History they do. Understanding the things and solving MCQs with logic will help them a lot.
