Indian economy is the most important and strong pillar on which edifice of General Studies rests. This section relates to analytical questions on Salient features of Indian Economy, National Income 2016-17, and Demographic scenario, new facts on Agriculture, Industries, Banking, Foreign Trade and latest Foreign Trade Policy: 2015-20, India’s External Debt, GST, and new schemes launched by the Central Government. The pattern and trend of the last two years of UPSC Civil Services Preliminary exams reveal that a number of questions on the new schemes launched by the Government have been asked; as such these have been broadly covered in this publication. Indian economy has some inherent strength which facilitate in meeting challenges ahead. To present understanding of Indian economy as a whole, present economic scenario has been elaborately covered in the background of India’s economy of the entire 20th century that includes economy during the British rule, India’s planned economy, and economic reforms as a continuous process.
In India there is a vast pool of science and technology graduates, and India will remain one of the youngest countries in the world in the next few decades. This "demographic dividend" is seen as an inevitable advantage provided prerequisites such as skill up-gradation and sound governance to realize it are put in place. In terms of business environment, the impressive growth coupled with market orientation of the economy has been a bottom-up exercise, with a very broad-based growing entrepreneurial class. These tendencies are perhaps reflective of a penchant for innovation among a large and growing entrepreneurial class in India, imbued with professionalism and seeking to be globally competitive.
This section of General Studies requires dedication to factually present emerging economic and financial scenario. In the edition we have kept pace with the latest developments on economic front. A number of measures initiated with the objective of attracting financially excluded segment of the population into the structured financial system have been discussed. Our efforts have been to apprise our reader that, with reforms Indian economy has entered a high-growth trajectory and this acceleration of growth has been accompanied by significant moderation in volatility, especially in industry and services sectors. Indian industry has responded well to global competition through restructuring and technological up-gradation in recent years. The contents of this edition quench the thirst of the readers regarding anything that falls under the domain of Indian economy. Our objective has been to ensure that nothing that may be appearing in the General Studies Indian Economy section in the prelim remains untouched.
This is a comprehensive package incorporating detailed coverage of all essential topics of the UPSC Civil Services Preliminary and Main examinations’ syllabus. A thorough study of this book would bring a lot of confidence to aspirants of civil services examinations and to those who have a passion to have knowledge of Indian Economy. The book has had a proven record of being a stellar and excellent product with many years of bestselling performance and is unbeatable on its comprehensive and systematic coverage. The readers will relish and enjoy the contents and would feel equipped with vast knowledge in the field. They will have, in effect, a strong feel of being participants in economic affairs of the country.
This authoritative compilation covers a wide spectrum of topics and concepts aimed at effective understanding of Indian Economy. With each revised edition that we bring out every quarter of the year, the journey to discover and explore concepts and knowledge is unending. The revision also includes important distinctions and critical analysis of several important topics throwing light on latest developments in the field. At the end, you, our readers are our the ultimate judge.