Indian Economy
Planning, banking, budget, agriculture and economic reforms — chapter-wise notes
11 ChaptersAPPSCTGPSCGroup 1 & 2
Indian Economy
Chapter-wise Study Notes
Click any chapter to read notes, key points and attempt practice questions
Foundations of Indian Economy
CHAPTER 01
Indian Economy — Overview & Characteristics
Mixed economy, sectors, national income concepts — GDP, GNP, NNP, NI, per capita income
CHAPTER 02
Economic Planning in India
Planning Commission, NITI Aayog, Five Year Plans — highlights and key targets
CHAPTER 03
Agriculture & Rural Economy
Green & White Revolution, crop patterns, MSP, APMC, PM-KISAN, agricultural credit
CHAPTER 04
Industry & Infrastructure
Industrial policy, MSME, Make in India, PSUs, infrastructure — roads, ports, power
Financial System
CHAPTER 01
Banking System & RBI
Functions of RBI, commercial banks, CRR, SLR, repo rate, monetary policy tools
CHAPTER 02
Money Market & Capital Market
Money market instruments, SEBI, stock exchange, mutual funds, FDI, FPI
CHAPTER 03
Union Budget & Fiscal Policy
Budget components, revenue vs capital, deficit types, fiscal consolidation, FRBM Act
CHAPTER 04
Taxation in India
Direct vs indirect taxes, GST structure, income tax, corporate tax, tax reforms
Development & Reforms
CHAPTER 01
Economic Reforms — LPG (1991)
Liberalisation, Privatisation, Globalisation; balance of payments crisis; Narasimha Rao reforms
CHAPTER 02
Poverty, Unemployment & Human Development
Poverty line, BPL schemes, MGNREGA, HDI, multidimensional poverty, Gini coefficient
CHAPTER 03
International Trade & Organisations
Balance of payments, WTO, IMF, World Bank, BRICS, ASEAN; India’s trade policy