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GS III · Prelims + Mains

Indian Economy

Growth, money, public finance, external sector and infrastructure.

6 detailed chapters

Read the module

  1. 51National income, growth and structural transformationIndian Economy · GS III · 7 min read
  2. 52Inflation, monetary policy and transmissionIndian Economy · GS III · 7 min read
  3. 53Budgeting, taxation and fiscal policyIndian Economy · GS III · 7 min read
  4. 54Banking, finance and financial inclusionIndian Economy · GS III · 7 min read
  5. 55External sector, exchange rates and liberalisationIndian Economy · GS III · 7 min read
  6. 56Employment, infrastructure and investment modelsIndian Economy · GS III · 7 min read
THE SUBJECT AT A GLANCE

The illustrated revision collection.

Four distinctions behind the GDP headline ↗How a policy-rate change reaches the economy ↗Three deficits, three questions ↗Financial inclusion: from access to protection ↗Rupee depreciation: several channels, mixed effects ↗Why infrastructure creates value as a network ↗

Keep these distinctions clear

TermMeaningCommon confusion
InflationGeneral price level risesNot every individual price must rise
DisinflationInflation slowsPrices may still rise
DeflationGeneral price level fallsNot merely slower inflation