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Important Topics for UPSC Mains 2024 Economy can help candidates prioritize high-probability topics for the exam. Check out the complete list here.
Important Topics for Economy for UPSC Mains 2024: The economy is a critical segment in the UPSC Mains General Studies Paper III. Every year, it contains a weightage of around 8 to 9 questions. Having a thorough understanding of economic concepts, policies, and current economic issues is essential for scoring well. Here we have provided the important topics for Economy for UPSC Mains 2024 and previous years’ questions (PYQs) to help you prepare for the exam accordingly.
Understanding the economy is vital as it encompasses various aspects such as growth, development, poverty, and reforms which are crucial for the country’s overall progress. Key Economy topics for Mains 2024 include economic growth, fiscal and monetary policies, economic reforms, and poverty alleviation strategies. Check out the complete list of Important Topics for the Economy for UPSC Mains 2024:
| Important Topics in Economy for UPSC Mains 2024 | |
| Topic | Subtopics |
| Economic Growth and Development | Growth models, Development indices, Sustainable development, Inclusive growth, and issues arising from it. |
| Government Budgeting | Fiscal policy, Budgetary approaches, Issues, Deficit financing in India, Public expenditure, Measures in the Latest Budget. |
| Banking and Financial Institutions | Types of banks, NBFCs, Financial inclusion |
| International Trade and Balance of Payments | Trade policies, Exchange rate mechanisms, Current and Capital account |
| Government Schemes and Policies | Recent economic reforms, Flagship schemes, changes in industrial policy and their impacts, Poverty Estimation and alleviation |
| Infrastructure | Energy, Transport, Communication, Ports, Roads, etc. Infrastructure Development, Investment models |
| Public Finance | Taxation, Fiscal federalism, and GST. |
| External Sector | FDI, FII, Foreign exchange reserves |
| Miscellaneous | Effects of liberalization, Social Sector Initiatives, Human Capital, Green economy, Agriculture, Industry, the Services sector |
Practicing Economy Mains PYQs helps in understanding the pattern of questions, the focus areas, and the depth of knowledge required. It helps in identifying frequently asked Economy topics for Mains 2024 and aligning your preparation accordingly. Here we have listed some previous year questions that are asked from important topics for Economy for UPSC Mains 2024 with answers:
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| UPSC Mains 2024 Related Articles | |
| UPSC CSE Mains 2024 | UPSC Mains Exam Pattern 2024 |
| UPSC Mains Syllabus 2024 | UPSC Mains Previous Year Papers |
| UPSC Mains Admit Card 2024 | UPSC Mains Previous Year Cutoff |
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