This module offers a detailed study of both Indian and global economies, focusing on the economic principles, policies, and issues that shape the country’s development. With economic questions being highly dynamic, this module integrates current economic trends with foundational theories to give aspirants a well-rounded understanding of economic matters.

Key Components:

Indian Economy: In-depth coverage of India’s economic growth, Five-Year Plans, reforms like GST and demonetization, agricultural and industrial policies, and government welfare schemes. Special focus on sectors like agriculture, manufacturing, and services.

Macroeconomic Indicators: Understanding of GDP, inflation, unemployment, poverty, fiscal deficit, and foreign exchange reserves. Students will learn how to analyze economic data and make sense of India’s macroeconomic trends.

Banking and Financial Markets: Study of the Indian banking system, RBI’s monetary policy, capital markets, and the role of SEBI. Discussion on NPAs, financial inclusion, and the digital economy.

Global Economy: Analysis of globalization, international trade, WTO agreements, balance of payments, and India’s trade relations. Special focus on India’s position in the global economy, FDI, and international economic organizations like IMF and World Bank.

Economic Reforms and Policies: Detailed analysis of economic reforms, privatization, public-private partnerships (PPP), and Make in India. Special focus on government schemes such as MGNREGA, PM-KISAN, and DBT.

Learning Outcomes:

Build a solid understanding of the Indian economy, including current issues and government policies.
Understand key macroeconomic concepts and how they affect governance.
Equip students with the ability to analyze economic data and policy decisions.
Gain a global perspective on trade and India’s role in the global economy.