(Syllabus) Syllabus for Indian Economic Services (Indian Economics)

Syllabus : Syllabus for Indian Economic Services (Indian Economics)

INDIAN ECONOMICS 

1. History of development and planning - alternative development strategies - goal of self reliance based on import substitution and the post-1991 globalisation strategies based on stabilisation and structural adjustment packages. 

2. (a) Decentralised Planning: Panchayat experience-constitutional obligations, Balwantrai Mehta Committee, Ashok Mehta Committee and other reports, financial aspects of 73rd and 74th constitutional amendments.

(b) Union-State financial relations: Constitutional provisions relating to fiscal and financial powers of the states, financal aspect fo Sarkaria Commission Report, Finance Commissions and their formulae for sharing taxes. 

3. Poverty, Unemployment and Human Development during plan period - Appraisal of Government measures - India's human development record in global perspective.

 4. Agriculture and Rural Development: Strategies including those relating to technologies and institutions: land relations and land reforms, rural credit, modern farm inputs and marketing - price policy and subsidies; commercialisation and diversification. Rural development programmes including poverty alleviation programmes: development of economic and social infrastructure.

5. India's experience with Urbanisation and Migration - Different types of migratory flows and their impact on the economies of their origin and destination, the process of growth of urban settlements: urban strategies. 

6. Industry: Strategy of industrial development - Industrial Policy Reform; Reservation Policy relating to small scale industries. Sources of industrial finances - bank, share market, insurance companies, pension funds, non-banking sources and foreign direct investment; role of foreign capital for direct investment and portfolio investment. Public sector reform, privatisation and disinvestment. 

7. Labour: Employment, unemployment and under-employment - industrial relations and labour welfare - strategies for employment generation - Urban labour market and informal sector employment; report of National Commission on labour, Social issues relating to labour e.g. Child labour, Bonded labour. 8. Foreign trade: Salient features of India's foreign trade - composition, direction and organisation of trade: recent changes in trade policy; Balance of payments, tariff policy, exchange rate and WTO requirements. 9. Money and Banking: Organisation of India's money market - changing roles of the Reserve Bank of India, commercial banks, development finance institutions, foreign banks and non-banking financial institutions. 10. Budgeting and Fiscal Policy: Tax, expenditure, budgetary deficits, debt and fiscal reforms. Black money and Parallel economy in India - definition, estimates, genesis, consequences and remedies. 

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