The Indian economy is an important subject to study for the UPSC Civil Services Exam. During the past 4-5 years, around 20-25 questions were asked in Prelims. Similarly, in the UPSC Mains, the Indian Economy in GS Paper III constituted about 100-110 marks. Aspirants are in general confused about where to prepare the subject as the major portion of the economics is current affairs based.
Reading NCERT textbooks is essential for your IAS exam preparation and there is no doubt about it. But whether Economics NCERTs are enough for the preparation of the UPSC Exam or not, we will discuss in the following article.
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Relevance of Economics NCERTs
Like all other subjects it is important to remember that NCERT textbooks provide a foundation for Economics. It covers all the basic concepts that one needs to know to understand the complex issues in detail. NCERT textbooks from class 9th to class 12 for Economics are very important. They cover all the basic concepts, knowledge of which is extremely important especially for an IAS aspirant even to begin and understand the newspaper effectively. Hence, to cover the important terminologies, definitions, and basics NCERT textbooks are more than enough for Economics. The NCERT textbooks that you should read as an IAS aspirant are:
- Economy: NCERT Class IX – Economics.
- Economy: NCERT Class X – Understanding Economic Development.
- Economy: NCERT Class XI – Indian Economic Development.
- Economy: NCERT Class XII – Introductory Microeconomics.
- Economy: NCERT Class XII – Introductory Macroeconomics.
However, the UPSC Exam syllabus of Economics is not confined to the basic definitions, it involves understanding of the issues, based on these concepts. Hence NCERTs are necessary but not sufficient for the preparation of the UPSC Exam mainly for a dynamic subject like Economics.
Most of the questions asked in the exam are related to current events happening all across the country and the world. NCERTs provide a good base to understand these issues but to have a sound knowledge of these issues, one must supplement their preparation with a current affairs magazine and a newspaper. The Budget which is announced in the month of February and the Economic Survey are the two main sources to prepare the section of Economics for the civil services exam, other than the primary NCERT textbooks. The sources that you can refer, to prepare for Economics for the CSE exam other than the NCERT books are:
- Indian Economy – Ramesh Singh
- Indian Economy – Sanjeev Verma
- Indian Budget
- Economic Survey
- Administrative Reforms Commissions (ARC) Reports
- Newspaper- Business Standard, The Financial Express
- Economic & Political Weekly Magazine
- Ministry of Commerce & Industry Website:
- Ministry of Finance Website
This is to be noted that above-mentioned sources are important but NCERT books should be read by the aspirants first and then should be complemented with these current affairs sources.
Note– You can watch Daily Video Analysis of The Hindu Newspaper by BYJU’S to augment your current affairs preparation.
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