Economics Notes For UPSC – Indian Economy Notes For IAS Preparation


Find below the pdfs of UPSC notes on Indian Economy for the Civil Services Exam. Indian economy/ Economics is part of both UPSC Prelims Syllabus and the UPSC Mains Syllabus (GS III). Also, Economics is an optional subject choice in the IAS Mains exam. This highly relevant and scoring subject often poses a challenge to IAS aspirants, as students find it hard to make notes balancing both static and dynamic economic topics.

Hence, we have provided Byju’s Indian Economy notes specifically for IAS preparation. These UPSC notes are made by experienced subject matter experts specifically for the Civil Services exam.

How to prepare Economics/Indian Economy for UPSC exam?

  • Read/prepare notes
  • Read NCERTs or notes from NCERTs
  • Check UPSC previous year question papers
  • If it is your optional subject, have a definite strategy
  • Follow daily news analysis

For all the above and more, check the links at the bottom of the article.

Indian Economy Notes for UPSC Prelims exam and IAS Mains



  • Demand and Supply
  • Market Equilibrium
  • MSP v/s Procurement Price
  • Practice questions
  • Classification of Markets
  • Government Intervention
  • GDP
  • National Income
  • Measurement of National Income
  • Sectors of Indian Economy
  • Economic Growth and Development
  • Calculating the Human Development Index (Graphical representation and technical explanation)
  • Calculating the Inequality-adjusted HDI (Graphical representation and technical explanation)
  • Calculating the Multidimensional Poverty Index (Graphical representation and technical explanation)
  • Calculating the Gender Inequality Index (Graphical representation and technical explanation)
  • Monetary System and Money
  • Money Supply – Types of Money
  • Monetary Supply in India
  • Reserve Bank of India
  • Monetary Policy
    • Qualitative Measures
    • Quantitative Measures
  • Types of Monetary System
  • Financial Institutions and Banking
    • Types of Banks in India
  • Development Finance Institutions
    • Sector Specific important DFIs
  • Non-banking Financial Institutions
  • Securities
  • Forms of Business Organisation
  • Evolution of Banking in India
    • Timeline
    • Objectives
    • Assessment of Nationalisation
  • Basel Norms
    • How Basel III is different from Basel I and II
  • Financial Inclusion
  • Govt Measures to promote Financial Inclusion
    • Pre-1991
    • Post-1991
  • Inclusive Growth v/s Financial Inclusion
  • Inflation
    • Type of Inflation
    • Causes of Inflation
    • How to Control Inflation
  • Impact of Inflation (Phillips Curve)
  • Constraints faced in controlling Inflation
  • Terms related to Inflation – Stagflation, Misery Index etc.
  • Measurement of Inflation
    • WPI
    • CPI
  • Taxation in India
  • Direct Taxes
  • Indirect Taxes
  • GST
  • Relationship between Tax Rate and Tax Revenue (Laffer Curve)
  • Direct Tax Code
    • Objectives
    • Implementation
    • Proposals
  • Tax Reforms
  • Public Finance and Fiscal Issues
  • Budget
  • Structure of Budget in India
  • Important Terms (BD, RD, PD, FD, ERD, Monetised Deficit)
  • Fiscal Policy
    • FRBM Act 2003
    • Fiscal Federalism
  • Finance Commission
  • Industry
  • Industrial Policy
    • IPR 1948
    • IPR 1956
    • Industrial Policy Statement 1977
    • Industrial Policy Statement 1980
    • New Industrial Policy 1991
  • Public Sector
  • Disinvestment
    • Objectives
    • Differences with Privatisation
    • Process
  • Small Scale and Cottage Industries
    • Contribution of Small Scale Industries
    • Govt measures
  • Industrial Sickness
  • Financial Markets
    • Money Market
    • Capital Market
  • Stock Exchanges in India

Feel ready for the challenge? Try Byju’s IAS Prelims Test Series – 2019 to get an idea where you stand in the crowd.

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1 Comment

  1. very nice

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