Indian Economy is a crucial part of the UPSC civil services prelims exam. The 2018 UPSC prelims saw as much as 18 questions from economics. This subject is also important from a current affairs point of view, especially the topics government schemes and policies. If you look at the Prelims Syllabus, the economics syllabus for IAS prelims can be covered in less than two months. This article gives you a strategy to cover Indian Economy in 50 days for the IAS prelims exam.
Day 1 – 2: Read class IX NCERT textbook ‘Economics’. This is a very basic book and helps you gain a good understanding of topics like poverty, food security, population, etc.
Day 3 – 5: Read class X NCERT textbook ‘Understanding Economic Development’. This book would help you cover topics like national income, banking, sectors of the economy, globalisation, etc. There is a topic ‘consumer rights’ in this book which is not very important. You can just give it a single reading.
Day 6 -7: At this point, solve previous years’ questions papers of both the prelims and the mains. This will give you a good idea of what you have understood and what is left to do.
Day 9 – 10: Read class XI NCERT textbook ‘Indian Economic Development’. This book has covered the Indian economy from 1947 to the liberalisation era.
Day 11 – 12: Now read about social sector initiatives and other governmental programs and schemes.
Day 13 – 16: Read ‘Indian Economy’ by Ramesh Singh. Read only selective chapters this time, i.e., all the topics covered in the NCERTs should be read by you. NCERTs gave you a solid foundation and this book will help you get the details.
Day 17 – 18: Read class XII NCERT textbook ‘Introductory Microeconomics’. Here you can read about topics like national income, banking, budget, balance of payments, etc.
Day 19: Read important committees and reports.
Day 20 – 25: Read class XII NCERT textbook ‘Introductory Macroeconomics’. Here you will cover concepts like planned economy, market economy, demand and supply, etc. At this point, you can also do a small revision of topics covered earlier. There is a topic ‘competition’ in this book which is not that important for the UPSC exam. You can give it a glance.
Day 26 – 29: Read Indian Economy by Ramesh Singh. This time, cover all the topics covered in the class XII NCERTs.
Day 30 – 31: Update yourselves on the important reports, committees and various indices.
Day 32 – 39: Read the Economic Survey of India (latest).
Day 40: On this day, you should update your static notes with relevant current affairs material.
Day 41 – 42: Solve previous years’ question papers and also practice mock tests.
Day 43: This day, you can reserve for clarifying any unknown concepts or topics from books or online sources.
Day 44 – 46: Revise your current affairs notes these two days.
Day 47 – 49: Revise your NCERT notes.
Day 50: On the final day, you should go over all the topics in the UPSC prelims syllabus for economics and see if you have covered all of it. You should also go through your current affairs notes and revise them.