Indian Economy

For UPSC Civil Services, Other State PSC Examinations, Govt.

Examinations and Professional Examinations

This book presents a comprehensive survey of the Indian Economy in

terms of GDP growth, savings, investment, banking, Finance, Taxation

and recent economy developments in various sectors such as agriculture,

industry and services.

Key Features of Indian Economy Book.

1. Extensive coverage on the Fourteenth Finance Commission 2015-20

and Foreign Trade Policy 2015-2020.

2. Coverage of Burning Socio-Economic Issues with connecting dots.

3. Recents Issues such as—GST, Insolvency and Bankruptcy, Niti’s

Niyatam and Action Agenda, Women Farmers, Climate Smart

Agriculture, Logistics and Housing for All,and increasing Tax

Compliance, NPAs, LoU and SWIFT.

4. Highlights of Final Union Budget 2019 to be Covered.

5. Summary and Explanation of Recent Economy Survey, Vol.1 and

Vol.2 covered in separate chapters.

6. Financial Sector together with External Sector and International

Organisations sections fully covered and revamped with new ideas

and inputs.

7. Taxation and Budgeting sections updated with recent amendments.

8. Government Schemes of All Central Ministry included.

9. Multiple Choice Questions (Prelim) and Model Answer (Mains)

sections have been included.

Chapter Name Chapter 1 INTRODUCTION:

Chapter 2 GROWTH AND DEVELOPMENT:

Chapter 3 ECONOMIC PLANNING:

Chapter 4 ECONOMIC REFORMS:

Chapter 5 INFLATION:

Chapter 6 AGRICUTURE:

Chapter 7 FOOD MANAGEMENT:

Chapter 8 INDUSTRY AND INFRASTRUCTURE:

Chapter 9 INDIAN INFRASTRUCTURE:

Chapter 10 SERVICE SECTOR:

Chapter 11 INDIAN FINANCIAL MARKET:

Chapter 12 BANKING IN INDIA:

Chapter 13 INSURANCE IN INDIA:

Chapter 14 SECURITY MARKET IN INDIA:

Chapter 15 INTERNATIONAL ECONOMIC ORGANISATONS:

Chapter 16 TAX STRUCTURE IN INDIA:

Chapter 17 PUBLIC FINANCE IN INDIA:

Chapter 18 CLIMATE CHANGE:

Chapter 19 BURNING SOCIO- ECONOMY ISSUES IN INDIA:

Chapter 20 - 1000+ ECONOMIC CONCEPTS AND TERMINOLOGIES:

Chapter 1 INTRODUCTION: 1. Definition of Economics

2. Features of Economics

3. Challenges of the Economics

4. Role of the State in an Economy

5. Sectors of an Economy

6. Types of Economies

7. Concept of National Income: -GDP, NDP, GNP, NNP.

8. Method of Calculation of National Income

9. Amendments

10. MCQ

Chapter 2 GROWTH AND DEVELOPMENT: 1. Definition of Growth and Development

2. Economic Growth

3. Human Development Index

4. MCQ

Chapter 3 ECONOMIC PLANNING: 1. Definition

2. Types of Economic Planning

3. Features of Economic Planning

4. Major Objectives of Planning

5. NITI AAYOG

• Transforming India

• Functions of NITI Aayog

• The Guiding Principle

• Structure of the NITI

• Specialised Wings in the NITI Aayog

• Action Agenda of Niti Aayog

6. Central Planning

• The Five-Year Plans

• Twenty-Point Programme

• MPlADS

7. Central Sector Schemes and Centrally 5.46 Sponsored Schemes.

8. MCQ

Chapter 4 ECONOMIC REFORMS: 1. Introduction

2. Liberalisation

3. Privatisation

4. Globalisation

5. Approach of Economic reforms

6. MCQ

Chapter 5 INFLATION: 1. Definition

2. Types of Inflation

• low Inflation

• Galloping Inflation

• Hyperinflation

• Bottleneck Inflation

• Core Inflation

3. Some Important Terms

• Inflationary Gap

• Deflationary Gap

• Inflation Tax

• Inflation Spiral

• Inflation Accounting

• Inflation Premium

• Phillips Curve

• Reflation

• Stagflation

• Skewflation

• GDP Deflator

4. Effects of Inflation

5. Inflation in India

• Wholesale Price Index

• Revised WPI

• Consumer Price Index

• Revision in the CPI

• Trends in Inflation

• Healthy Range of Inflation

• Producer Price Index

• Housing Price Index

• Service Price Index

6. Steps to Check Inflation

7. MCQ

Chapter 6 AGRICUTURE: 1. Introduction

2. Kharif & rabi 3. Land reforms

4. Reasons for Failure of land Reforms

5. Green Revolution 6. Components of the Green Revolution

7. Impact of the Green Revolution

8. Cropping Patterns

9. Prevalent Cropping Systems

10. Changes in the Cropping Patterns

11. Animal rearing 12. MCQ

Chapter 7 FOOD MANAGEMENT: 1. Concept behind Food Management 2. Minimum Support Price

3. Market Intervention Scheme

4. Decentralised Procurement Scheme 5. Procurement Prices 6. Issue Price

7. Buffer Stock 8. Open Market Sale Scheme 9. Price Stabilisation Fund 10. Farm Subsidies 11. Food Security and Public distribution system 12. Agriculture Marketing 13. Model APMC Act 14. Commodity futures Market 15. Supply Chain Management 16. Farm Waste Management 17. Irrigation 18. Irrigation Potential & Use 19. Agri-Credit & farmer’s Suicides 20. Agriculture Extension Services PMFBY 21. National Mission for Sustainable Agriculture (NMSA) 22. WTO and Agricultural Subsidies AMS

• The Boxes

• Amber Box

• Blue Box

• Green Box 23. National food Security Act 24. Food Processing Industry

• Importance

• Rules and Regulations

• Contributions 25. Infrastructure Development 26. Mega Food Parks Scheme (MFPS) 27. National Meat and Poultry Processing 28. Board (NMPPB) Indian Grape Processing Board 29. National Institute of Food Technology 30. National Mission on Food Processing (NMFP) 31. Doubling farm Income 32. MCQ

Chapter 8 INDUSTRY AND INFRASTRUCTURE: 1. New Industrial Policy, 1991

2. Disinvestment

3. Types of Disinvestment

4. Current Disinvestment Policy

5. MSME Sector

6. Steel Industry

7. Aluminium Industry

8. Apparel and Footwear Sectors

9. FDI Policy Measures

10. Ease of Doing Business

11. Make in India

12. Start-up India

13. MCQ

Chapter 9 INDIAN INFRASTRUCTURE: 1. Introduction

2. Railways

3. Roads

4. Civil Aviation

5. PPP Models

6. Concerns of Petroleum Sector

7. Renewable Energy

8. Logistics Sector

9. Housing Policy- recent Challenges

10. MCQ

Chapter 10 SERVICE SECTOR: 1. Introduction

2. India and Global Services

3. Services Performance of India

4. FDI in Services Sector

5. Services Trade

6. Consultancy Services

7. Research and Development (R&D) Services.

8. Space Services

9. Trade and Transport Services

10. Construction Development

11. Accountancy Services

12. Legal Services

13. Education Services

14. Need for Service Sector reforms

15. MCQ

Chapter 11 INDIAN FINANCIAL MARKET: 1. Introduction

2. Indian Money Market

3. Mutual funds

4. Indian Capital Market

5. Project Financing

6. Financial Institutions

7. Banking Industry

8. Insurance Industry

9. Security Market

10. MCQ

Chapter 12 BANKING IN INDIA: 1. Introduction

2. Types of Bank

3. RBI Monetary and Credit Policy

4. CRR

5. SLR

6. Bank Rate

7. Repo Rate

8. Reverse Repo Rate

9. Marginal Standing Facility (MSF)

10. Base rate

11. MCLR

12. Banking Sector Reforms

13. Problems of Banking Sector

14. Priority Sector lending

15. NPAs and Stressed ASSETS

16. Resolution of the NPAs

17. Public Sector Asset rehabilitation Agency (PArA)

18. Insolvency and Bankruptcy

19. SARFAESI Act, 2002

20. Wilful Defaulter

21. Capital Adequacy ratio

22. Basel Norms

23. Liquidity of Money

• Narrow Money

• Broad Money

• Money Supply

• High Power Money

• Reserve Money

24. Money Multiplier

25. Credit Rating

26. Labels of ATM

27. Small & Payment Banks

28. Payments Banks

29. Financial Inclusion

30. Pradhan Mantri Jan-Dhan Yojana

31. Gold Investment Schemes

32. Sovereign Gold Bonds

33. Gold Monetisation Scheme

34. Mudra Bank

35. MCQ

Chapter 13 INSURANCE IN INDIA: 1. Introduction

2. Types of Insurance Industry

3. Insurance reforms

4. IRDA

5. Concept of Reinsurance

6. Deposit Insurance and Credit Guarantee Corporation (DICGC)

7. Export Credit guarantee Corporation (ECGC)

8. National Export Insurance Account (NEIA)

9. Policy Initiatives of Insurance and New Insurance Schemes

10. MCQ

Chapter 14 SECURITY MARKET IN INDIA: 1. Introduction

2. Primary and Secondary Markets

3. Stock Exchanges

4. Players in the Stock Exchanges

5. SEBI

6. Commodity trading

7. FMC

8. Spot Exchanges

9. Spot Exchanges in India

10. Advantages of Spot Exchanges

11. Raising Capital in the Primary Market

12. Important terms of Stock Market

13. Scrip Share

14. Sweat Share

15. Rolling Settlement

16. Futures

17. Depositories

18. Demutualisation

19. Authorised Capital

20. Paid-up Capital

21. Subscribed Capital

22. Issued Capital

23. Greenshoe Option

24. Penny Stocks

25. ESOP

26. SBT

27. OFCDs

28. Derivatives

29. Indian Depository Receipts (IDRs)

30. Shares ‘at Par’ and ‘at Premium’

31. Foreign financial Investors

32. New Rules for Foreign Investment

33. Angel Investor

34. Participatory Notes (PNs)

35. Reasons for the popularity of PNs

36. Regulation of PNs

37. The Concerns related to PNs

38. International Situation

39. Hedge Fund

40. Short Selling

41. Bear and Bull

42. Book Building

43. IPO

44. Price Band

45. ECB Policy

46. Credit Default Swap (CDS)

47. Securitisation

48. Corporate Bond in India

49. Inflation-Indexed Bonds

50. Gold Exchange traded funds

51. Pension Sector reforms

52. Financial Stability Development Council (FSDC)

53. Financial Sector Assessment Programme (FSAP)

54. Financial Action Task Force (FATF)

55. Forex reserves

56. External Debt

57. Fixed currency regime

58. Floating Currency regime

59. Managed Exchange rates

60. Foreign Exchange Market

61. Exchange rate in India

62. Trade Balance

63. Trade Policy

64. Depreciation

65. Devaluation

66. Revaluation

67. Appreciation

68. Current Account

69. Capital Account

70. Balance of Payment (BoP)

71. Currency Convertibility

72. Convertibility in India

73. Current Account

74. Capital Account

75. IMF Conditions on India

76. Hard Currency

77. Soft Currency

78. Hot Currency

79. Heated Currency

80. Cheap Currency

81. Dear Currency

82. Special Economic Zone

83. GAAR

84. Risks in foreign Currency Borrowings

85. India’s External Performance

86. Invisibles items

87. Composition of Trade

88. New Steps to Promote trade

89. Exchange rate Monitoring

90. New foreign trade Policy

91. Trans-Pacific Partnership Partnership

92. Deglobalisation and India

93. MCQ

Chapter 15 INTERNATIONAL ECONOMIC ORGANISATONS: 1. Introduction

2. International Monetary fund

3. World Bank

4. Asian Development Bank

5. OECD

6. World trade Organization (WTO)

7. BRICS Bank

8. Asian Infrastructure Investment Bank

9. MCQ

Chapter 16 TAX STRUCTURE IN INDIA: 1. Introduction

2. Meaning of tax

3. Methods of taxation

4. Types of Tax

5. Goods and Service tax

6. Commodities transaction tax

7. Securities transaction tax

8. Capital Gains tax

9. Minimum Alternate tax

10. Tax deducted at Source & Tax Collected at source

11. 14th finance Commission recommendation

12. MCQ

Chapter 17 PUBLIC FINANCE IN INDIA: 1. Introduction

2. Meaning of Budget & Types of Budgets

3. Deficit Financing

4. Fiscal Policy

5. Fiscal Consolidation in India

6. Zero-Base Budgeting

7. Charged Expenditure

8. Cut Motion

9. Current fiscal Situation

10. MCQ

Chapter 18 CLIMATE CHANGE:

1. Introduction

2. Sustainable Development Goals (SDGs)

3. Paris Agreement (COP 21), Green Climate Fund & UNFCC

4. Climate Sustainable Development and Climate Change in the Indian Context

5. MCQ

Chapter 19 BURNING SOCIO- ECONOMY ISSUES IN INDIA: 1. Twin Balance Sheet Problem

2. Universal Basic Income

3. NPA Problem of Banks.

4. Farm Indebtedness

5. Effects of Deglobalisation & Effeccts of demonitisation

6. Impact of Cyptocurrency

7. MCQ

Chapter 20 - 1000+ ECONOMIC CONCEPTS AND TERMINOLOGIES

About

Author

CA Dhananjay Ojha is a qualified Chartered

Accountant and Associate member of the Institute of

Chartered Accountants of India.

He is founder & Chief executive Officer of Civil Service

Gurukul-One Stop Solution for UPSC Preparation &

DhanTax-Most trusted Fintech Company.

He did B.Com. (Hons.) from St. Xavier's College,

Kolkata with specialization in “Accounting and

Finance”.

He has completed NCFM course by scoring 97%.

He has over 7 years of teaching experience in field of

Economics & Commerce and Accountancy at

professional forum.

He is consultant in various Government Department

and Listed Corporates on Taxation (Income tax and

GST), Financial reporting and Audit matters.

He has presented Research papers on “IND AS” at

national level seminar at St. Xavier's College, Kolkata.

He is author of 2 books named as “INDIAN

ECONOMY” & GST- Student friendly Book. Presently,

He is guiding students all over the world through Civil

Service Gurukul.