Topic
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Subtopics
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Booklist
1. Mrunal Patel Youtube channel
(Mrunal.org)(Must start form here)
2. Indian Economy by Sanjiv
Verma (250 pages)(Optional)
3. Indian Economy by Ramesh
Singh (700) pages (must have. Available on Net)
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Indian
Economy and issues relating to planning.
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Static
- Role of
Planning
- History of
Planning in India (Nehuru’s Socialism)
- Types of
Planning
- Successes
and Failures of Previous Plans
- Know a
little about 11th plan
- Know in good
detail about 12th plan
- Planning at
different levels (Center, State and Panchayat)
Dynamic
- Successes
and Failures of Planning Commission
- Why Niti
Aayog replaced Planning Commission.
- Differences
and similarities between Niti Aayog and Planning Commission.
- Successes
and limitations of Niti Aayog.
- Role of NDC
(National Development Counsel) in Planning.
- NDC vs Niti
Aayog Debate [Similarities, differences, conflicts (constitutional vs
extra-contitutional body)]
- Role of
Finance Commission in Planning.
- NA vs NDC vs
FC (similarities, differences, recent role played in planning)
- Know a
little about planning in Super power countries
- Why some
countries preogressed without official planning and Why India is still a
developing country in spite of having a plan.
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Sanjiv Verma
- Planning in India (Ch-18)
Ramesh Singh (5th edition)
- Ch-4 [Economic Planning]
- Ch-5 [Planning in India]
- 11th and 12th
five year plan document available on Net.
- Niti Aayog and PC, NDC from
Internet [Current Affairs]
- [Lot of websites have given
Summary in bullet format.]
- [Don’t read any of the above
books from page to page]
- [Read topics wise]
- [More Emphasis on High
Priority Topics]
- [In this section High Priority Topics are 12th
Five Year Plan, and all included under dynamic section]
- [Ramesh Singh has
given too much stuff. Not everything is important. Focus only on important
concepts.]
- [To know what is important, First
watch Mrunal’s videos. If you are not starting from here, you will end up
wasting lot of time]
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Indian
Economy and mobilization of resources.
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- What is
mobilization of Resources?
- It is
nothing but using the resources at hand
in an optimum way to develop India.
Natural and Artifical Resources.
- Coal and
Petroleum products.
- Recent
Developments in Coal Mining Industry and Petroleum industry.
- Recent
Developments in Iron and Steel Industry.
- Interlinking
of Rivers.
- Role of Infrastructure
in Mobilization of resources.
- Spectrum
Allocation (Frequency is a resource
you know..)
- How to make
policies that help in optimum utilization of resources [In the backdrop of ‘Coalgate’,
Spectrum Allocation Scam and other UPA scams.)
- Power Grid
(North-South; East-West)
Human Resources
- Skill
development
- Innovation
- Employment
Financial Resources
- Taxation
(GST)
- Investments
(Domestic and external)
- Budgeting:
Deficit Financing, allocation, etc.
- Financial
Inclusion and mobilization of financial resources. Opportunities and Risks.
- Banking and
mobilization of financial resources.
- RBI and
mobilization of Financial Resources.
- Capital
Markets and mobilization of Financial Resources.
- Insurance
sector and mobilization of Financial Resources.
Etc..
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Natural resources
and Human Resources from Current Affairs.
For Capital
Resources
Sanjiv Verma
- Ch 13 – Govt
Finances
- Ch 14 –
Bridging Deficits
- Ch 15 –
Banking
- Ch 16 –
Inflation
- Ch 17 –
Capital Market
Ramesh Singh
- Ch 7 –
Inflation and Business Cycle
- Ch 11 –
Indian Financial Market
- Ch 12 –
Banking in India
- Ch 13 –
Insurance in India
- Ch 14 –
Security Market in India
- Ch 17 – Tax Structure
in India
- Ch 18 –
Public Finance in India
- Ch 20 –
Human Development
GST – VVV important
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Indian
Economy and growth, development and employment.
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A mix of Static and Dynamic concepts
- What is
Growth, development?
- What are
common about Growth and Development?
- What are the
difference between growth and Development?
- Why growth
didn’t lead to development in India?
- Growth and
Employment.
- Development
and Employment.
- Economic
Indicators like GDP, GNP etc., their role in growth, development.
- Human
resource development (Skill India, Education for All etc..).
- Role of/role
played by public sector in Growth, Development and Employment Generation.
- Role of/role
played by private sector in Growth, Development and Employment Generation.
- Role of/role
played by Banking Sector in Growth, Development and Employment Generation.
(Different Types of Banks and their role. Role of RBI)
- FINANCIAL
INCLUSION: Role of FINANCIAL INCLUSION in Growth, Development and Employment
Generation. Recent developments, successes and failures.
- Agricultural
Sector (Role and share in) – Growth, Development and Employment Generation.
- Industrial
Sector – Growth, Development and Employment Generation.
- Services
Sector – Growth, Development and Employment Generation.
- Role of
UNORGANIZED ECONOMY in Development and Employment Generation. Issues related.
- Economic and
structural reforms [Laws/Subsidyetc.] implemented/need to be implemented to
achieve Growth, Development and Employment.
- Sustainable
Development
- Demographic
Dividend and Demographic Nightmare.
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Indian
Economy and growth, development and Inclusive Growth are Inseparable topics
Sanjiv Verma
- Ch 2 – Towards an Inclusive
Growth
- Ch 3 – Susatainable Development
and Green GDP
- Ch 4 – Poverty and Social
Sector
- Ch 5 – Food Security
- A mixture of lot of topics
from all other sections.
Ramesh Singh
- Ch 2 – Pregress Growth and
Development
- Ch 6 – Economic reforms
- Ch 20 - Sustainability
andclimate change: India and the world
- A mixture of lot of topics
from all other sections.
- All economic activity is
aimed at Growth and Development and Employment Generation. So, when ever you
read a topic, think about growth, develop…………
- For example, If you are
studying about LPG (Liberalization, Privatizationa and Globalization) reforms,
think how LPG contributed to Growth and development……..
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Inclusive
Growth
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Economy Perspective
- Every
country has basically three major sectors that drive the economy – Primary, Secondary
and Tertiary (there are sub-divisions).
- In India
Services provide least employment but the share in GDP is very high.
Secondary Sector in not doing well in terms of both GDP and employment
generation. Agriculture provides employment to majority of India but the
share in GDP is very low.
- Growth in
Services is Good.
- Growth in
Secondary and Primary sectors in stagnant.
- Inclusive
growth simply means giving each of these sectors the priority they deserve
and reaping maximum benefits from each of them.
- And
development in one sector should not be at the cost of a another sector.
- Employment
generation and inclusive growth.
Sociology Perspective
- Have and
Have nots (Rich and Poor)
- Here,
inclusive growth is simply trying to bridge the economic gap between various
sections. [You have to study this in economy perspective]
- Upper Class
and Lower Class, Male and Female etc..
- Here,
inclusive growth is simply trying to bridge the economic gap and eliminate
social divide between various sections.
- Role of
Reservation policy in inclusive growth. Successes and failures.
- Improving
the condition of Women, tribes, Higras etc.. (from economic perspective)
- So,
inclusive growth simply means that every sector, community should be given adequate
priority with an aim of progress and prosperity for ALL.
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Inclusive Growth is the most
important Sub-topic under Growth and Development.
It’s your common
understanding that helps more than bookish knowledge.
Sanjiv Verma
- Ch 2 – Towards Inclusive
Growth
Ramesh Singh
- Ch 2 – Preogress, Growth….
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Government
Budgeting
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- Money bill,
- Finance
Bills,
- Budget in
Parliament,
- Constitutional
Provisions,
- Charged
Expenditure,
- Passing of
Appropriation Bill,
- Finance
Bill,
- Grants,
- Funds –
Consolidated Fund and Contingency Fund and Public account of India
- The recent
Budget – Document available on Internet.
- Economic
Survey (Usefull for all topics in GS 3) – Document available on Internet.
- From both
the above PDF’s collect only Important Points.
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Money Bill
to Funds is available in Indian Polity by M Laxmikanth
Sanjiv Verma
- Ch 13 – Govt
Finances
- Ch 14 –
Bridging Deficits, Money and Govt Borrowing
Ramesh Singh
- Ch 18 –
Public Fiannce in India
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