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| Chapter No. | Chapter Title | Key Concepts Covered | | :--- | :--- | :--- | | 1 | Introduction to Economics | Micro vs. macroeconomics, production, consumption, market vs. command economy | | 2 | National Income | GDP, GNP, NNP, GVA, base year, deflators, CPI, WPI (critical chapter) | | 3 | Growth, Development & Happiness | Sen vs. Bhagwati debate, HDI, GHI, GII, MPI, World Happiness Report | | 4 | Evolution of the Indian Economy | Pre-colonial, colonial, and post-independence economic history | | 5 | Economic Planning | Goals, strategies, and a review of Five-Year Plans | | 6 | Planning in India | Role of the erstwhile Planning Commission and the NITI Aayog | | 7 | Economic Reforms | The 1991 New Economic Policy (LPG), privatization, disinvestment, and GST | | 8 | Inflation & Business Cycle | Types of inflation (demand-pull, cost-push), WPI, CPI, and monetary policy | | 9 | Agriculture & Food Management | Green Revolution, subsidies, MSP, food security, and recent farm acts | | 10 | Industry & Infrastructure | Industrial policy, IPR, MSMEs, and major infrastructure sectors | | 11 | Services Sector | IT-BPM, tourism, healthcare, and education as drivers of growth | | 12 | Indian Financial Market | Money market, capital market, and regulatory bodies (SEBI) | | 13 | Banking in India | Types of banks, NBFCs, NPAs, monetary policy transmission, and financial inclusion | | 14 | Insurance in India | IRDAI, types of insurance policies, and coverage statistics | | 15 | Security Market in India | Stock exchanges, indices, and investor protection | | 16 | External Sector in India | Balance of Payments (BoP), foreign trade, FDI, FII, and exchange rates | | 17 | International Economic Orgs & India | Role of IMF, World Bank, WTO, ADB, and New Development Bank | | 18 | Tax Structure in India | Direct vs. indirect taxes, tax devolution, and GST structure | | 19 | Public Finance in India | Government budgeting process, fiscal policy, and FRBM Act | | 20 | Sustainability & Climate Change | Environmental economics, India's climate commitments, and carbon trading | | 21 | Human Development in India | Education, health indicators, and government schemes for welfare | | 22 | Burning Socio-Economic Issues | Poverty, unemployment, migration, and social justice | | 23 | Economic Survey 2024-2025 | Key highlights, volume 1 & 2 analysis | | 24 | Union Budget 2025-2026 | Budget at a glance, receipts, expenditure, and key announcements | | 25 | Glossary | Curated list of exam-relevant economic terms for quick revision |
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Ramesh Singh is a textbook, not a revision note. Create your own micro-notes or mind maps for complex mechanisms (e.g., how changing the Repo Rate impacts market liquidity). This will save you hundreds of hours during the final days before the exam. Phase 4: Solving Mock Questions
Use Ramesh Singh to understand the conceptual framework, then inject the latest statistics from the Government of India’s Economic Survey into your notes. Offers digital access to mock tests, practice sessions,
The latest version, released in early 2026, is specifically updated to reflect the most recent shifts in India's fiscal landscape.
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: The book is known for explaining even the most difficult topics in a clear, simple language. It builds concepts from the ground up, making it suitable for beginners who haven't studied economics before. It methodically covers everything from basic concepts like GDP and inflation to complex issues like fiscal policy and international trade.
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