• The UPSC economy syllabus covers economic and social development, sustainable development, poverty, inclusion, and demographics for Prelims, while the Mains syllabus includes these topics along with advanced microeconomics, macroeconomics, money and banking, fiscal and monetary policy, agriculture, industry, services, the external sector, and international economic organizations. 

• A strong grasp of both Indian and international economics, from basic concepts to current issues and reforms, is essential. 

TOPICS ARE:

• GROTH & DEVELOPMENT: 

  Basic economic concepts, national income accounting (GDP, GNP, etc.), economic growth vs. development, and indices like the Human Development Index (HDI). 

• MONETARY & FISCAL POLICY: 

  Inflation, business cycles, government budgeting, and fiscal policy in India. 

• INDIAN ECONOMY: 

  Basic concepts, sectors of the economy (agriculture, industry, services), and the role of the state. 

• EXTERNAL SECTOR: 

  Foreign trade, balance of payments, foreign exchange, and international economic organizations like the IMF and World Bank. 

• Financial and money markets, banking in India, and current economic issues. 

• ECONOMIC & SOCAIL DEVELOPMENT: 

  Sustainable development, poverty, inclusion, demographics, social sector initiatives, and government schemes. 

• ECONOMIC GROWTH & DEVELOPMENT: Determinants of growth, poverty, inequality, and inclusive growth. 
• FISCAL & MONETARY POLICY: Government budgeting, taxation system, inflation, and the role of the RBI and banking system. 
• SECTORS OF INDIAN ECONOMY: Agriculture, manufacturing, and the services sector, including reforms and their effects. 
• EXTERNAL SECTOR: Foreign trade, balance of payments, foreign investment, and the role of international institutions. 
• FINANCIAL SYSTEM: Money and capital markets, and the role of financial regulators. 
• CURRENT AFFAIRS: Issues like the effects of liberalization, industrial corridors, and recent policies and treaties. 
• Other areas: Welfare economics, public finance, and economic thought.