GS 3 In depth Analysis-Booklist, Syllabus Part 1

GS 1 Strategy, Booklist [Already Explained]

Please give me your feedback regarding the below analysis. 

  • Easy to follow
  • Tough to follow
  • Utter waste
  • Very Useful
  • I haven’t recommended NCERT’s because they are boring and time consuming. Instead, go for Mrunal.org  to build up base. During Prelims, for definitions etc., you can go for NCERT.
  • Indian Economy by Sanjiv Verma is a very small (250 pages only) but invaluable book. For those who find Economy tough, it's a must have.
  • Indian Economy by Ramesh Singh is a Bulky (700+ pages) but invaluable book [5th edition available on net]. Contains lot of Statistics which are not important. [Need to be extremely choosy. If you don't be choosy, you will end up wasting months]
Link for Mrunal.org
Website [Who doesn't know]       
Link for Indian Economy by Sanjiv Verma  
Link for Indian Economy by Ramesh Singh [7th Edition]
                               
Topic
Subtopics
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)
Indian Economy and issues relating to planning.
Static
  1. Role of Planning
  2. History of Planning in India (Nehuru’s Socialism)
  3. Types of Planning
  4. Successes and Failures of Previous Plans
  5. Know a little about 11th plan
  6. Know in good detail about 12th plan
  7. Planning at different levels (Center, State and Panchayat)

Dynamic
  1. Successes and Failures of Planning Commission
  2. Why Niti Aayog replaced Planning Commission.
  3. Differences and similarities between Niti Aayog and Planning Commission.
  4. Successes and limitations of Niti Aayog.
  5. Role of NDC (National Development Counsel) in Planning.
  6. NDC vs Niti Aayog Debate [Similarities, differences, conflicts (constitutional vs extra-contitutional body)]
  7. Role of Finance Commission in Planning.
  8. NA vs NDC vs FC (similarities, differences, recent role played in planning)
  9. Know a little about planning in Super power countries
  10. Why some countries preogressed without official planning and Why India is still a developing country in spite of having a plan.

Sanjiv Verma  
  • Planning in India (Ch-18)

Ramesh Singh (5th edition)
  • Ch-4 [Economic Planning]
  • Ch-5 [Planning in India]

  1. 11th and 12th five year plan document available on Net.
  2. Niti Aayog and PC, NDC from Internet [Current Affairs]
  3. [Lot of websites have given Summary in bullet format.]
  4. [Don’t read any of the above books from page to page]
  5. [Read topics wise]
  6. [More Emphasis on High Priority Topics]
  7. [In this section High Priority Topics are 12th Five Year Plan, and all included under dynamic section]
  8. [Ramesh Singh has given too much stuff. Not everything is important. Focus only on important concepts.]
  9. [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]


Indian Economy and mobilization of resources.
  1. What is mobilization of Resources?
  2. It is nothing but using the resources at hand  in an optimum way to develop India.

Natural and Artifical Resources.
  1. Coal and Petroleum products.
  2. Recent Developments in Coal Mining Industry and Petroleum industry.
  3. Recent Developments in Iron and Steel Industry.
  4. Interlinking of Rivers.
  5. Role of Infrastructure in Mobilization of resources.
  6. Spectrum Allocation (Frequency is a resource  you know..)
  7. How to make policies that help in optimum utilization of resources [In the backdrop of ‘Coalgate’, Spectrum Allocation Scam and other UPA scams.)
  8. Power Grid (North-South; East-West)

Human Resources
  1. Skill development
  2. Innovation
  3. Employment

Financial Resources
  1. Taxation (GST)
  2. Investments (Domestic and external)
  3. Budgeting: Deficit Financing, allocation, etc.
  4. Financial Inclusion and mobilization of financial resources. Opportunities and Risks.
  5. Banking and mobilization of financial resources.
  6. RBI and mobilization of Financial Resources.
  7. Capital Markets and mobilization of Financial Resources.
  8. Insurance sector and mobilization of Financial Resources.

Etc..
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
Indian Economy and growth, development and employment.
A mix of Static and Dynamic concepts
  1. What is Growth, development?
  2. What are common about Growth and Development?
  3. What are the difference between growth and Development?
  4. Why growth didn’t lead to development in India?
  5. Growth and Employment.
  6. Development and Employment.
  7. Economic Indicators like GDP, GNP etc., their role in growth, development.
  8. Human resource development (Skill India, Education for All etc..).
  9. Role of/role played by public sector in Growth, Development and Employment Generation.
  10. Role of/role played by private sector in Growth, Development and Employment Generation.
  11. Role of/role played by Banking Sector in Growth, Development and Employment Generation. (Different Types of Banks and their role. Role of RBI)
  12. FINANCIAL INCLUSION: Role of FINANCIAL INCLUSION in Growth, Development and Employment Generation. Recent developments, successes and failures.
  13. Agricultural Sector (Role and share in) – Growth, Development and Employment Generation.
  14. Industrial Sector – Growth, Development and Employment Generation.
  15. Services Sector – Growth, Development and Employment Generation.
  16. Role of UNORGANIZED ECONOMY in Development and Employment Generation. Issues related.
  17. Economic and structural reforms [Laws/Subsidyetc.] implemented/need to be implemented to achieve Growth, Development and Employment.
  18. Sustainable Development
  19. Demographic Dividend and Demographic Nightmare.

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

  1. A mixture of lot of topics from all other sections.
  2. All economic activity is aimed at Growth and Development and Employment Generation. So, when ever you read a topic, think about growth, develop…………
  3. For example, If you are studying about LPG (Liberalization, Privatizationa and Globalization) reforms, think how LPG contributed to Growth and development……..




Inclusive Growth
Economy Perspective
  1. Every country has basically three major sectors that drive the economy – Primary, Secondary and Tertiary (there are sub-divisions).
  2. 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.
  3. Growth in Services is Good.
  4. Growth in Secondary and Primary sectors in stagnant.
  5. Inclusive growth simply means giving each of these sectors the priority they deserve and reaping maximum benefits from each of them.
  6. And development in one sector should not be at the cost of a another sector.
  7. Employment generation and inclusive growth.

Sociology Perspective
  1. Have and Have nots (Rich and Poor)
  2. Here, inclusive growth is simply trying to bridge the economic gap between various sections. [You have to study this in economy perspective]
  3. Upper Class and Lower Class, Male and Female etc..
  4. Here, inclusive growth is simply trying to bridge the economic gap and eliminate social divide between various sections.
  5. Role of Reservation policy in inclusive growth. Successes and failures.
  6. Improving the condition of Women, tribes, Higras etc.. (from economic perspective)
  7. So, inclusive growth simply means that every sector, community should be given adequate priority with an aim of progress and prosperity for ALL.

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….


Government Budgeting
  1. Money bill,
  2. Finance Bills,
  3. Budget in Parliament,
  4. Constitutional Provisions,
  5. Charged Expenditure,
  6. Passing of Appropriation Bill,
  7. Finance Bill,
  8. Grants,
  9. Funds – Consolidated Fund and Contingency Fund and Public account of India
  10. The recent Budget – Document available on Internet.
  11. Economic Survey (Usefull for all topics in GS 3) – Document available on Internet.
  12. From both the above PDF’s collect only Important Points.

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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