• General Studies – 1
  • General Studies – 2
  • General Studies – 3
  • General Studies – 4

Indian Economy & planning, resources, growth, development & employment .

This is the widest topic in GS3. At Least, two questions can be expected from this area. To give good answers, you must be thorough with your prelims portions, the basic concepts and issues of Indian economy.

Reading analytical and critical articles on key current issues relating to Economic growth and its hindrances can score you better.

Tax Reforms

  • GST
  • Direct Tax code

Skilling Programmes and employment Generation

Issues relating to growth and development of Indian Economy

  • Inflation
  • Rupee depreciation

Global issues affecting Indian Economy

  • Quantitative easing
  • Eurozone Crisis
  • Chinese Devaluation

Effects of Finance Commission Recommendations

Effects of GAAR, DTAA etc.

Government Schemes

  • Make in India
  • Digital India
  • Gold Bonds Scheme
  • Gold Monetisation Scheme
  • Skilling India
  • Start Up India
  • Smart Cities
  • Revise Prelims Notes and be thorough with the concepts.
  • Schemes can be learnt from  Ministry Websites
  • Class 12- Introductory Macroeconomics
  • Class 11- Economic Development
  • Class 10- Understanding Economic Development.

2013 MAINS

  1. What were the reasons for the introduction of Fiscal Responsibility and Budget Management Act, 2003? Discuss critically its salient features and their effectiveness. 200 words.
  2. Discuss the rationale for introducing Goods and Services Tax (GST) in India. Bring out critically the reasons for the delay in rollout for its regime.

2014 MAINS

  1. 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?
  2. “While we flaunt India’s 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.

2015 MAINS

  1. The nature of economic growth in India in recent times is often described as jobless growth. Do you agree with this view? Give arguments in favour of your answer.
  2. “Success of ‘Make in India’ programme depends on the success of ‘Skill India’ programme and radical labour reforms” . Discuss with logical arguments.
  3. Craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on balance of payments and external value of rupee. In view of this, examine the merits of the Gold Monetization Scheme.