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List of important topics of Indian Economy for Prelims 2024✨
1️⃣. Basic Concepts:
😂Factors of Production, National Income, GDP, GNP, NDP, NNP, Personal income,
Indian Economy Overview
India’s New GDP Series 2011-12.
2️⃣.
Inflation:
😂Definition,
😂WPI, CPI, Deflator
😂Measurement
😂Types and Causes.
3️⃣
. Fiscal Policy:
😂Budget and Vote on Account.
😂Cut Motions: Policy Cut, Economy Cut, and Token Cut
Tax Expenditure and Budgetary Policies.
😂Fiscal Deficit and Current Account Deficit.
😂Government Budgeting in India FRBM Act
😂Taxation in India
4️⃣.
Monetary Policy
😂Monetary Policy in India
😂Money Supply
😂Expansionary vs Contractionary Monetary Policy
😂REPO, Reverse REPO, CRR, SLR, MSF, CRAR
😂Rupee Devaluation, Depreciation, Export and Import.
😂Unified Payment Interface (UPI)
5️⃣.
Planning and Federalism
😂Investment Models
😂15th & 16 th Finance Commission
😂NITI Aayog initiative
6️⃣
. Growth and Development
😂Poverty and Human Capital
😂Measures of Economic Development: Human Development Index, Green GDP, Gross National Happiness Index
7️⃣.
Indian Economy – Sectors
🟢
Primary (Agriculture) Sector
😂Public Distribution System (PDS)
😂Agricultural Marketing Reforms: Model APMC Act and NAM
😂Minimum Support Price (MSP)
😂Major cropping patterns in different parts of the country
😂Direct and indirect farm subsidies
🟢Secondary (Industrial) Sector
😂Index of Industrial Production (IIP)
😂Make In India Initiative
Indian Companies Act 2013
Micro, Small and Medium Enterprises (MSME)
🟢
Tertiary (Service) Sector
😂National Investment and Infrastructure Fund (NIIF)
😂Banking in India: Definition, Functions, and Types of Banks
Development Finance Institutions
😂Non-Banking Financial Companies in India
😂Small Finance Banks vs Payment Banks
Financial Inclusion in India
8️⃣
. Foreign Trade
😂Balance of Payments
India’s Free Trade Agreements
😂Bonds
😂Foreign Direct Investment (FDI) & Foreign Portfolio Investment (FPI )
😂Infrastructure: energy, roads, ports, airports and railways
9️⃣.
Financial Market
😂Speculation, Hedging, Arbitrage and Investment.
😂Money Market and Capital Market
😂SEBI (Securities and Exchange Board of India).
🔟.
World Economy
😂WTO and Trade Facilitation Agreement
😂Fiscal Cliff and Fiscal Drag
Bitcoin, NFTs and Cryptocurrency
😂Budget and Economic Survey