Rau’s IAS Indian Economy Book for UPSC is the most comprehensive and up-to-date Notes on geography for the UPSC Civil Services Examination. Written by a team of Rau’s IAS Faculty and subject experts, the book covers all the important topics in Economy, including economic reforms, planning, and budgeting, etc.
Prelims
Basic of Gross Domestic Product (GDP) & Associated Terms
- Basics of National Income
- Growth story of Indian Economy
- Green GDP
- IRG Differential
Money and its type
RBI
Monetary Policy & its Transmission
- Monetary Policy Committee (MPC)
- Quantitative and Qualitative tools
- Monetary Policy Stances and Other Tool
Banking Structure in India
- Evolution in Banking Policy
- Scheduled Banks
- Cooperative Banks
- Digital Lending
- Umbrella entity for Urban Cooperative Banks (UCBs)
- Local Area Banks
- Proposal for Digital Banks
- Non-Banking Financial Company (NBFC) Sector
- Differentiated Banks
- ARC-AMC model for NPA resolution
- Development banks in India
- Microfinance Sector
- Peer-to-Peer Lending
- Financial Services Institutions Bureau (FSIB)
- Public Enterprises Selection Board (PESB)
- Bank Investment Company
- Electronic Bank Guarantee
- Account Aggregator Framework
Banking Issues
- Non-Performing Asset and Associated Terms
- Interbank banking
- Miscellaneous terms in banking
- Wilful Defaulter and SARFAESI Act
- Insolvency & Bankruptcy Code
- Recapitalisation of Banks
Payment System
- Payment & Settlement System
- Paper Based Clearing System
- UPI
- Unified Presentment Management System
- Aadhaar enabled Payment System (AePS)
- EMV cards and e-Rupi
- RBI’s framework for offline digital payments
- RBI's Centralized Processing System (CPS)
- Merchant Discount Rate (MDR)
- ATMs in India
- Tokenization of payments
- Prepaid Instruments
- Trade receivables discounting system (TReDS)
- Factoring in India
- Project nexus
- Mir Payment System
Financial Inclusion
- PM Jan Dhan Yojana (Pmjdy)
- Basic Savings Bank Deposit Account (BSBDA)
- PM Shram Yogi Maan-Dhan
- Atal Pension Yojana
- PM Suraksha Bima Yojana
- PM Jeevan Jyoti Bhima Yojana
- Standup India Scheme
- Priority Sector Lending
- Small Savings Schemes
- Mahila Samman Savings Certificate, 2023
- Changes Related to Old Age in Budget 2023-24
- Kisan Credit Card (KCC)
- Financial Inclusion Index
- Better Than Cash Alliance
Inflation
- Basics of Inflation
- Wholesale Price Index (WPI) & Consumer Price Index (CPI)
- Services Price Index
- Producer Price Index
- Residex
- All India House Price Index (Hpi)
- New Wage Rate Index (Wri)
- Food Price Index
- Baltic Dry Index
- GDP Deflator
- Headline V/S Core Inflation
- Base Effect
- Cobweb Phenomenon
- Cantillon Effect
- Effects of Inflation
- Price Stabilization Fund
- Operation Greens (Top to Total)
Financial Market
- Money Market Instruments
- Sovereign Green Bonds
- Expansion of scope of green debt security by SEBI
- Government Securities
- Capital Market TERMS
- Components of Capital Market
- Financial Instruments
- Short Selling & Margin Trading
- Derivatives Market
- Commodity Market
- Offshore Derivative Instruments (ODIs)
- Sovereign Wealth Fund
- Alternate Investment Fund
- Funds/Perpetual Capital Vehicle
- Variable Capital Company
- SWAMIH FUND
- UDAY BONDS
- Masala Bonds
- Uridashi Masala Bonds
- Maharaja Bonds
- Sovereign Gold Bonds
- Impact Bonds
- Elephant Bonds
- Muni Bonds
- Oil Bonds
- Surety Bonds
- Co-location
- Algorithmic Trading
- Credit Default Swap
- Evolution of Government’s Disinvestment Policy
- Exchange Traded Funds (ETFs)
- Gold ETFs
- BHARAT BOND ETF
- Buyback of Shares
- Strategic Disinvestment
- New Public Sector Enterprise Policy
- National Investment Fund
- Negotiated Dealing System
- REITs and InVITs
- Investor Education and Protection Fund
- Gold Exchanges
- ADR/GDR/IDR
- Direct listing by Indian Companies
- Vulture Funds
- ESG Investment
- Special Purpose Acquisition Companies (SPAC)
- Bilateral Netting
- RBI-ESMA Standoff
- Accredited Investors in India
- Smallcases
- Carry Trade
- International Organization of Securities Commissions
- India to move to T+1 Settlement
- SEBI's Framework on Social Stock Exchanges
Public Finance & Taxation
- Term related to taxation
- Trends in taxation
- Basics of budget
- Fiscal Responsibility & Budget Management Act, 2003
- Asset register
- Trends of Budget
- Trend And Profile Of Union Government Debt
- 15th Finance Commission
- Composition Of Transfers To States & UTs
- Schemes Related Announced In Budget 2023-24
- Restructuring Of Government Schemes
- Result based funding of scheme
- Public Financial Management System (Pfms)
- Single Nodal Agency (Sna) Model
- PM Vishwakarma Kaushal Samman
- National Digital Library for Children and Adolescents
- BHARAT SHRI
- PM PVTG Development Mission
- Eklavya Model Residential Scheme (EMRS)
- AMRIT DHAROHAR SCHEME
- MISHTI SCHEME
- Unity Mall
- Initiatives for Tourism
- National Financial Information Registry (NFIR)
- DATA Embassies
- WINDFALL TAX
- Goods & services tax (GST)
- National Anti-Profiteering Authority (NAA) Transferred to Competition Commission of India.
- Equalisation levy
- Dividend Distribution Tax & Buyback Tax
- Capital gains tax
- Commodity transaction tax
- Changes in corporate tax rates (2019-20)
- TDS AND TCS
- Developments in Public Finance
- Place Of Effective Management (Poem)
- Multilateral Convention to implement tax related measures to prevent BEPS
- National E-Assessment Scheme
- Tax Inspector without borders
- Transparent Taxation - Honoring the Honest Platform
- Types of Fiscal Policies
- Financial Stability Development Council (FSDC)
- Scissors Effect
- Virtual Digital Assets TAX
- Tax Proposals In Budget 2023-24
- Agniveer Corpus Fund
- Epichlorohydrin (ECH)
- Lab Grown Diamonds
External Sector
- Balance of Payment
- FOREX RESERVES
- Net International Investment Position (NIIP)
- Remittances into India
- India's Trade Performance
- Exchange Rate Systems
- Rupee Convertibility
- Nominal & Real Exchange rate
- External Commercial Borrowings
- Foreign direct investment (FDI)
- Voluntary Retention Route
- Rupee Depreciation/ Appreciation
- STAGES OF TRADE INTEGRATION
- Early Harvest Package
- List of FTAs signed by India
- NIRVIK Scheme
- Tariff Rate Quota
- Merchandise Exports from India (MEIS) Scheme
- Remission of Duties or Taxes on Export Product (RoDTEP)
- Interest Equalisation Scheme
- Fed Tapering & Dot Plot
- FOREIGN TRADE POLICY, 2023
- DISTRICT AS EXPORT HUB INITIATIVE
- FLIPPING
- International Trade Settlement In Indian Rupees
International Institutions
- World Bank Group
- INTERNATIONAL MONETARY FUND
- WORLD TRADE ORGANISATION
- India questions China's developing country status
- Agreement on agriculture
- TRIPS AGREEMENT
- PATENT WAIVER
- Initiatives to promote IPRs
- Geographical Indication (GI)
- Information Technology Agreement (ITA)
- WTO’s Agreement On Subsidies And Countervailing Measures (SCM Agreement)
- International Labour Organization (ILO)
- Kimberley Process
- NDB Vs AIIB
- International Energy Agency
- Financial Stability Board (FSB)
- BRIDGETOWN INITIATIVE
- Global Network against Food Crises
Agricultural Economy
- Trends in Agri in India
- Budget announcement
- NMOP
- Agriculture production
- Alternative methods of farming
- Fertilisers
- Agricultural Procurement
- Rainbow revolution
- Agricultural Trade
- PPVFR
- Food Management in India
- PMFBY
- PM KISAN
- GOBARDHAN
- Horticulture sector
- Livestocks in india
- Milk Production
- Status of Fisheries sector
- Sericulture
- Rubber policy
- Standard of agri
- Top to total
- MFE scheme
- Agri Infra Fund
- EBA report
- Pokkali Rice
- SRI
- Land Identification
- KVIC
- Cotton seed price control order
- Agricultural Heritage System
- Purple Revolution in J&K
- Agri Orientation Index
- SAMARTH Initiatives
- World Food Program
Industry
- Trends in contribution of Industrial Sector
- Index of Industrial Production (IIP)
- Index of Eight Core Industries
- Differences between IIP & PMI
- National Mining Policy 2019
- Mines & Minerals Development and Regulation Act, 1957
- Strategic & Critical Minerals
- KABIL
- District Mineral Foundation
- Status of Coal Mining in India
- Coal Sector Reforms
- National Coal Index
- Strategic Crude Oil Reserves
- National Manufacturing Policy 2011
- Special Economic Zones (SEZs)
- National Investment and Manufacturing Zones (NIMZs)
- Industrial Corridors
- Production Linked Incentive Scheme
- PM Mitra Scheme
- National Technical Textiles Mission
- MSME Sector - Policies/Schemes
- Credit Guarantee Scheme for Micro & Small Enterprises Scheme (Cgtmse Scheme)
- Raising and Accelerating Micro, Small and Medium Enterprise Performance (RAMP) Program
- Wholesale & Retail trade under MSMEs
- Fund-of-Funds for MSMEs
- Public Procurement Policy Related to MSMEs
- Start-up Ecosystem in India
- National Start up Advisory Council
- Pharmaceutical Pricing in India
- PM Bhartiya Janaushadhi Pariyojana
- Reforms in Telecom Sector
- E-Commerce Sector
- Mandatory Gold Hallmarking
- Ship Breaking Industry
- One-person Companies
- Global Partnership on Artificial (GPAI)
- Open Network for Digital Commerce
Infrastructure
- Harmonized List of Infrastructure Sector
- PM Gati Shakti Approach
- National Logistics Policy
- National Land Monetisation Corporation
- National Infrastructure Pipeline
- National Monetization Pipeline
- Ports
- Landlord Model of Ports
- Flagging of Ships in India
- National Investment & Infrastructure Fund (NIIF)
Energy Sector
- Share of Different Sources in Installed Capacity
- Initiatives for Solar Energy
- International Solar Alliance
- Renewable Purchase Obligation (RPO)
- Green Term Ahead Market
- Natural Gas Based Economy
- PM UJJWALA Yojana
- Gram UJALA Program
Labour, Skills & Employment
- Terms related to Employment
- Measuring employment/ unemployment
- Official Employment Statistics Reports & Status of employment in India
- Categories of Workers
- Female Participation in Labour Market
- Employment Elasticity
- Employees’ Provident Fund (EPF)
- Aatmanirbhar Bharat Rojgar Yojana (ABRY)
- Employee Pension Scheme (EPS)
- Employees Deposit Linked Insurance Scheme (EDLI)
- Employees’ State Insurance
- PM Shram Yogi Maan-Dhaan
- Atal Pension Yojana
- E-Shram Portal
- National Pension System (NPS)
- New Pension Scheme Vs Old Pension Scheme
- Skilling India
- Apprenticeship Training
Poverty & inclusive growth
- Concepts Related to Poverty
- Lorenz Curve and Gini Coefficient
- HDI vs HCI
- Planetary Pressures- Adjusted HDI (PHDI)
- Multidimensional Poverty Index (MPI)
- Global Indices for Reforms and Growth (GIRG) Initiative
- Global Hunger Index (GHI)
- National Multidimensional Poverty Index
- SDG India Index
- Demography
- CHANGING AGE-COMPOSITION STRUCTURE IN INDIA
- Silver Economy
Planning in India
- Five-Year Plans of India
- Planning Commission vs. Niti Aayog
- Initiatives of Niti Aayog
- Aspirational Blocks Program
- State Support Mission
Reports
- Important Reports
Mains
Agriculture And Allied Sector
- Enhancing Input Use Efficiency in Agriculture
- Agricultural Diversificatione (Rainbow Revolution)
- Nutri-Cereals/ Millets
- Pulses
- Oilseeds
- Horticulture Sector- Need for Golden Revolution
- Agriculture Marketing
- Countering Agrarian Crisis In The Green Revolution States
- Inverse Fork-to-Farm Strategy
- World’s Largest Grain Storage Plan Under Cooperative Sector
- Agriculture Storage
- Fisheries- Blue Revolution
- Beekeeping/ Sweet Revolution
- Sericulture
- Animal Husbandry and Dairy
- Poultry Sector
- Need to Boost Secondary Agriculture
- Gap Approach in Agriculture
- Agricultural Exports- A Tool to Double Farmers’ Income
- Zero Budget Natural Farming: Prospects, Challenges And Concerns
- Farmer Producer Organisations (FPOS)
- PM-KISAN
- Agriculture Insurance: PMFBY
- Pm-Kusum Scheme
- Role of E-Technology in Agriculture
- Agricultural Extension
- Conservation Agriculture
- Organic Farming- Status, Initiatives, Challenges And Way Forward
- System of Rice Intensification
- Sahakar-Se-Samriddhi: From Cooperation To Prosperity- Challenges and Strategies
Public Distribution System
- Public Distribution System
- Food Subsidy Bill: Constraints and Strategies
- Flaws In The Open-Ended Procurement Policy
Land Reforms
Inclusive Growth and Development
- Inclusive Growth in India
- Total Factor Productivity of India: Meaning, Significance And Challenges
- Services Sector Led Growth: Reasons, Challenges And Strategies
- Growth of Conglomerates in India
- Silver Economy: Meaning, Scope and Significance
- Poverty Line Estimates In India
- GDP Growth Vs Income Inequality: What Should India Do?
- Critical Analysis of Subsidy Regime In India
- Need for Urban Wage Employment Program
- Reaping The Demographic Transition In India
- Gig Economy- Prospects and Challenges
- Financial Inclusion
- Universal Health Coverage In India- Constraints and Strategies
- Leveraging Structural Transformation In Rural India
- Middle Income Trap: Late Converger Stall
- Debt Sustainability In India: Need For Countercyclical Fiscal Policy
Banking and Finance
- Bad Bank- Pros and Cons
- Nabfid- Development Bank In India: Opportunities And Challenges
- Privatization Of Public Sector Banks (Psb)
- Central Bank Digital Currency
- Challenges Associated With Inflation Targeting
- Developing Corporate Bond Market In India
- Appraisal Of Insolvency And Bankruptcy Code
- Fintech Sector- Opportunities, Challenges And Strategies
Budget & Taxation
- Basics of Government’s Budgeting
- Taxation of Virtual Digital Assets
- Gender Budgeting
- 15th Finance Commission
- OECD Tax Proposals & Implications in India
- Concerns With Off-Budget Financing
- Fiscal Council in India
- Strengthening Fiscal Federalism
- Limits on Fiscal Deficit- A Constraint On Boosting Economic Growth?
Industrial Policy And LPG
- Manufacturing Sector
- Analysis Of The "Make In India" Campaign.
- Broad Contours Of New Manufacturing Policy
- Analysis Of Pli Scheme
- Analysis Of Special Economic Zones
- Msme Sector
- Defence Manufacturing
Employment, Skills & Labour Reforms
- Jobless Growth in India
- Analysis of Labour Codes
- Decline In Female Labour Force Participation Rate (Lfpr)
- Skilling India: Prospects, Challenges and Way Forward
- Apprenticeship Training Program
- Critical Analysis of PM Kaushal Vikas Yojana
- Entrepreneurship Development in India
External Sector
- Export-Led Model of Development
- Export-Led Models of Bangladesh And Vietnam: Lessons For India
- Foreign Trade Policy 2023
- Internationalisation Of Rupee
- Trade Settlement In Rupees
- Analysis Of Aatma Nirbhar Bharat
- Decoupling Indian Economy From China- Aatma Nirbhar Bharat
- Critical Analysis Of Vocal For Local Campaign
- India’s Experience With Ftas
- Global Value Chains: A Tool For Structural Transformation Of Economy
- Analysis Of 1991 Lpg Reforms
- Capital Account Convertibility
- Breaking Up Big Tech Companies
- Need For Made In India Appstore
Infrastructure and Investment
- Infrastructure Sector-Constraints And Challenges/ National Infrastructure Pipeline
- National Monetisation Pipeline- Benefits, Challenges And Strategies Needed
- Gati Shakti Master Plan: Benefits And Challenges
- National Land Monetization Corporation
- Road Sector
- Railways
- Ppp Model In Indian Railways
- Civil Aviation
- Ports & Shipping And Inland Waterways
- Warehousing In India
- Energy Sector
- Energy Poverty In India
- Discoms: Present Status, Challenges, And Strategies
- Performance Analysis Of Pradhan Mantri Ujjwala Yojana (Pmuy)
- Coal Sector Reforms
- Major Constraints In The Energy Sector
- Digital Infrastructure- Prospects & Constraints
- Logistics Sector- Constraints And Challenges
- Electric Mobility
- Battery Swapping Policy
- Analysis Of Public-Private Partnership
- Ppp In Healthcare
- Ham Model Of Ppp
- Swiss Challenge Method