ECONOMY

Part A:

GROTH AND RESOURCE MOBILIZATION

Part B:

BUDGET

Part C:

INVESTMENT AND INFRASTRUCTURE

Part D:

LIBERALIZATION

PART A:

GROWTH AND RESOURCE MOBILIZATION

1. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Inclusive growth and issues arising from it.

The nature of economic growth in India in described as jobless growth. Do you agree with this view? Give arguments in 2015
favour of your answer.
Craze for gold in Indians have led to a surge in import of gold in recent years and put pressure on balance of payments 2015
and external value of rupee. In view of this, examine the merits of Gold Monetization Scheme.
Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness 2014
and contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt
capitalism driving inclusive growth in India? Discuss.
With a consideration towards the strategy of inclusive growth, the new companies bill, 2013 has indirectly made CSR a 2013
mandatory obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other
provisions in the bill and their implications.
Success of Make in India programme depends on the success of Skill India programme and radical labour reforms. 2015
Discuss with logical arguments.
While we found Indias demographic dividend, we ignore the dropping rates of employability. What are we missing while 2014
doing so? Where will the jobs that India desperately needs come from? Explain.

PART B:

BUDGET

2. Government Budgeting.
In what way could replacement of price subsidy with Direct Benefit Transfer (DBT) change the scenario of subsidies in 2015
India? Discuss.
What are the reasons for introduction of Fiscal responsibility and Budget Management (FRBM) act, 2003? Discuss 2013
critically its salient features and their effectiveness.
What is meaning of the term tax-expenditure? Taking housing sector as an example, discuss how it influences budgetary 2013
policies of the government.
Discussion the rationale for introducing Good and services tax in India. Bring out critically the reasons for delay in roll 2013
out for its regime.

PART C: INVESTMENT AND INFRASTRUCTURE

9. Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Investment models.
There is a clear acknowledgement that Special Economic Zones (SEZs) are a tool of industrial development, 2015
manufacturing and exports. Recognizing this potential, the whole instrumentality of SEZs requires augmentation. Discuss
the issues plaguing the success of SEZs with respect to taxation, governing laws and administration.
The right to fair compensation and transparency land acquisition, rehabilitation and resettlement act, 2013 has come into 2014
effect from 1 January 2014. What implication would it have on industrialisation and agriculture in India?
National urban transport policy emphasizes on moving people instead of moving vehicles. Discuss critically the success of 2014
various strategies of the government in this regard.
Explain how private public partnership agreements, in longer gestation infrastructure projects, can transfer unsuitable>

2014

Adaptation of PPP model for infrastructure development of the country has not been free from criticism. Critically discuss 2013
the pros and cons of the model.

PART D: LIBERALIZATION
8. Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture 2014
to services. What are the reasons for the huge growth of services vis-a-vis industry in the country? Can India become a
developed country without a strong industrial base?
Foreign direct investment in the defence sector is now said to be liberalised. What influence this is expected to have on 2014
Indian defence and economy in the short and long run?
Examine the impact of liberalization on companies owned by Indian. Are the competing with the MNCs satisfactorily?

2013

Discuss the impact of FDI entry into multi-trade retail sector on supply chain management in commodity trade pattern of 2013
the economy.
Though India allowed foreign direct investment (FDI) in what is called multi brand retail through joint venture route in 2013
September 2012, the FDI even after a year, has not picket up. Discuss the reasons.

ECONOMY
PART A:

GROWTH AND RESOURCE MOBILIZATION

2. Indian Economy and issues relating to planning, mobilization of resources, growth,

development and employment. Inclusive growth and issues arising from it.

The nature of economic growth in India in described as jobless growth. Do you agree with this view? Give arguments in favour of your 2015
answer.
Craze for gold in Indians have led to a surge in import of gold in recent years and put pressure on balance of payments and external 2015
value of rupee. In view of this, examine the merits of Gold Monetization Scheme.
Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and 2014
contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt capitalism driving
inclusive growth in India? Discuss.
With a consideration towards the strategy of inclusive growth, the new companies bill, 2013 has indirectly made CSR a mandatory 2013
obligation. Discuss the challenges expected in its implementation in right earnest. Also discuss other provisions in the bill and their
implications.
Success of Make in India programme depends on the success of Skill India programme and radical labour reforms. Discuss with 2015
logical arguments.
While we found Indias demographic dividend, we ignore the dropping rates of employability. What are we missing while doing so? 2014
Where will the jobs that India desperately needs come from? Explain.

Reference:
Indian Economy and issues relating to planning, mobilization of resources, growth, development and
employment.

Insight:
1.
2.
3.
4.
5.

NCERT Class X Understanding Economic Development

NCERT Class XI Indian Economic Development
NCERT Class XII Macroeconomics (chapters 2,5 and 6 are very important)
ET in The Classroom
Indian Economy for Civil Services Examinations Ramesh Singh

Inclusive growth and issues arising from it.

Insight:
1. 11th Five year plan which exhorted the Inclusive Growth mantra
2. 12th Fiver year document, Faster, More Inclusive and Sustainable Growth.
3. Conceptualizing Inclusive Growth
4. Inclusive Growth in India Past Performance and Future Prospects

IASBABA:
Employment: Growth
1.

NCERT-11th Ch 5 + 7

2.

NIOS: L-38 & 39

3.

IYB: Labour & Employment

4.

Yojana-2015

PART B:

BUDGET

3. Government Budgeting.
In what way could replacement of price subsidy with Direct Benefit Transfer (DBT) change the scenario of subsidies in 2015
India? Discuss.
What are the reasons for introduction of Fiscal responsibility and Budget Management (FRBM) act, 2003? Discuss 2013
critically its salient features and their effectiveness.
What is meaning of the term tax-expenditure? Taking housing sector as an example, discuss how it influences budgetary 2013
policies of the government.
Discussion the rationale for introducing Good and services tax in India. Bring out critically the reasons for delay in roll 2013
out for its regime.

Reference:
Insight:
1.
2.
3.
4.

First Basics GOVERNMENT BUDGETING

NCERT Class XII Macroeconomics (Chapter 5)
The Budgetary Process
2013-14 Budget Highlights

IASBABA:
1. Indian Polity by LAXMIKANTH-4th Edition
2. Newspapers: Information + Different Dimensions> MUST> Development of Analytical Ability

PART C: INVESTMENT AND INFRASTRUCTURE

9. Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Investment models.

There is a clear acknowledgement that Special Economic Zones (SEZs) are a tool of industrial development, manufacturing 2015
and exports. Recognizing this potential, the whole instrumentality of SEZs requires augmentation. Discuss the issues plaguing
the success of SEZs with respect to taxation, governing laws and administration.
The right to fair compensation and transparency land acquisition, rehabilitation and resettlement act, 2013 has come into 2014
effect from 1 January 2014. What implication would it have on industrialisation and agriculture in India?
National urban transport policy emphasizes on moving people instead of moving vehicles. Discuss critically the success of 2014
various strategies of the government in this regard.
Explain how private public partnership agreements, in longer gestation infrastructure projects, can transfer unsuitable

2014

Adaptation of PPP model for infrastructure development of the country has not been free from criticism. Critically discuss the 2013
pros and cons of the model.

Reference:
Insight:
1. India 2016 (chapters on Energy and Transport)
2. Economic Survey Chapter 11 Energy, Infrastructure and Communications
3. Latest Energy stats Very Good Report

IASBABA
1. NCERT-11th Ch. 8
2. NIOS L-29 + 30 + 32
3. IYB-Energy + Transport + Water

4. Newspapers: Information + Different Dimensions> MUST> Development of Analytical Ability

PART D: LIBERALIZATION
8. Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.

Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to 2014
services. What are the reasons for the huge growth of services vis-a-vis industry in the country? Can India become a developed
country without a strong industrial base?
Foreign direct investment in the defence sector is now said to be liberalised. What influence this is expected to have on Indian 2014
defence and economy in the short and long run?
Examine the impact of liberalization on companies owned by Indian. Are the competing with the MNCs satisfactorily?

2013

Discuss the impact of FDI entry into multi-trade retail sector on supply chain management in commodity trade pattern of the 2013
economy.
Though India allowed foreign direct investment (FDI) in what is called multi brand retail through joint venture route in September 2013
2012, the FDI even after a year, has not picket up. Discuss the reasons.

Reference:
Insight:
1. Indian Economy for Civil Services Examinations Ramesh Singh (Chapters 6 and 10, 5th edition)

IASBABA:
1. NCERT 11th :Ch. 1 + 3
2. NIOS-

(L 1+ 3 + 23 + 24 + 25 + 26 + 27 +28)

3. IYB -

Planning + Industry + Agriculture

4. Newspapers: Information + Different Dimensions> MUST> Development of Analytical Ability

ECONOMY
PART A:

GROWTH AND RESOURCE MOBILIZATION

1. Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Inclusive growth and issues arising from it.

Broad economic concerns related to macro economy like inflation, BoP, GDP- Try to relate the present macro-economic
situation in the economy and the steps taken by Government & RBI to deal with it

Various sectoral contributions to GDP like primary, secondary, tertiary and issues such as employment generation and
productivity concerns of each sector

Constraints in mobilising various resources like land, capital, human and other natural resources

Multi-dimensional issues like environmental degradation, opposition from local community etc.

Relate it with the recent displacement issues and the stalling of the Land Bill and proclamation of the era of Ordinance Raj

Problems in allocation of resources to various sectors

Planning:

Historic contribution to Indian economy,

Changing pattern of planning from centralised to decentralised,

Relevance of planning in India for allocation of resources,

Setting of goals coordination of various agencies

Planning machinery in India and its weaknesses: Both Procedural and Institutional

Economic Growth & Development

Difference between Growth and Development

Necessity of growth for achieving development in various dimensions like social, economic and political

Read Amartya Sens definition of Economic Development here, to get an overall idea of development as there must be a reason
for UNDP to adopt HDI

Reasons for poor growth of economy in recent times, concentrated growth (in various sectors and in regions) and its
drawbacks etc.

You can easily relate it with Regional Imbalance on which there have been various commissions working on and even
Economic Survey terming it as a growth inhibitor.
Employment:

Youth output in India,

Sectorial composition of employment,

Ways and means of achieving employment for youth in organised sectors with high productivity,

Reasons for poor employment generation(jobless growth),

Education-industry gap,

Skill gap,

Reasons for Informalization of economy and measures to reverse it

You must be aware of the recent initiatives for employment generation like Skill India, SETU as well as rise in the field of financial
inclusion to bring about a sense of entrepreneurship to make Make in India, a reality.
We flaunt Indias demographic dividend, we ignore the dropping rates of employability. What are we missing while doing so?
Where will the jobs that India desperately needs come from? Explain.
2. Inclusive growth and issues arising from it

Challenges of achieving inclusive growth

Measures to achieve it

Government schemes related to it

Inter-relationship between Financial Inclusion-Inclusive Growth-Skilling India-Social Change

For example,
Growth in the last two decades is concentrated in few metropolis and in the educated middle class.
Ways of spreading this growth to the unreached and vulnerable like rural areas, vulnerable population like women and various
sectors like agriculture etc.
Geographical + Financial + Psychological Inclusion is the key
Capitalism has guided the world economy to unprecedented prosperity. However, it often encourages short-sightedness and
contributes to wide disparities between the rich and the poor. In this light, would it be correct to believe and adopt capitalism for
bringing inclusive growth in India? Discuss.

PART B: BUDGET
2. Government Budgeting.

Basic idea about the budgeting process and various definitions related to it like revenue deficit, fiscal deficit etc.

Various types of budgeting like line items, zero based budget, program planning budgeting and other models.

Types and issues in accounting and auditing government accounts

Major sources of revenue for government and broad allocation to various sectors with effective utilisation of revenues

Capital expenditure vs. revenue expenditure and measures to curb revenue expenditure etc.

PART C: INVESTMENT AND INFRASTRUCTURE

9. Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Investment models.
National urban transport policy emphasizes on moving people instead of moving vehicles. Discuss critically the success of
various strategies of the government in this regard.
Let us evaluate:

Equitable allocation of road space with people, rather than vehicles

Unified Agency to Handle Passenger Transport

Integrating Land Use and Transport Planning

Importance in Smart Cities Project

But, the need of the hour is proper implementation:

Realignment of existing routes,

new forms of fare structures,

better interchange facilities

different organisational structures

Types of investment,

Investment models,

Investment strategies in India,

PPPs,

Controlling measures, etc.

Read about the following to get a broader picture:

Industrial Sector,

Public sector in India,

Disinvestment

Explain how private public partnership agreements, in long gestation infrastructure projects, can transfer unsustainable
liabilities to the future. What arrangements need to be put in place to ensure that successive generations capacities are not
compromised?

Why are they stuck- Reasons?

Solutions-Way ahead

So, here if we understand PPP and trace it through newspapers- we can write down the answers easily!

Foreign direct investment in the defence sector is now said to be liberalized. What influence this is expected to have on
Indian defence and economy in the short and long run?

PART D: LIBERALIZATION
8. Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to
services. What are the reasons for the huge growth of services vis-a-vis industry in the country? Can India become a developed
country without a strong industrial base?

Failure in the Development Agenda + Power Sector + Transportation facilities

Non-translation of the growth into growth in the Manufacturing sector

Service Sectors: One place- less demands

Highlight the need of Manufacturing Services: Trade Balance + Employment + Make in India