EconomyEconomy and EconomicsBranches of Economics
Macro, Micro and Mesoeconomics
Liberal and Neo-liberal Economics
Keynesian Economics
Socialist Economics
Communist Economics
Development Economics
Behavioural Economics
Green Economics
Economic Growth and its MeasuresBusiness Cycles: Slowdown, Recession, Great Recession and Depression.
Measuring Economic Growth
Gross Domestic Product (GDP)
Gross National Product (GNP)
Transfer Payments
Factors of Production……….
Market Price and Factor Cost..
GDP and NDP….
National Income and Statistics in India
Indian Economy: Sectors and their Components
Structural Change and Composition of Economy
Growth and Development – Alternative MeasuresHuman Development Index (HDI).
Genuine Progress Indicator (GPI).
Gross National Happiness (GNH).
Happiness Index.
Green GDP
Developed, Developing and Least Developed Countries..
World Bank Classification.
Planned Economy Development and NITI AayogHistory of Economic Planning in India.
Mixed Economy.
Planning Goals..
Financial Resources for Five-Year Plans
Achievements of Planning
India and the Manufacturing Sector
NITI Aayog…
Five Trillion Dollar EconomyStrengths of the Indian Economy.
Five Trillion US$ and Macroeconomic Stability.
Investment-led Growth for Five Trillion Dollar Economy..
Agriculture and Five Trillion Dollar Economy
Manufacturing and Five Trillion US$
Services and Five Trillion Dollar Economy.
Exports and Five Trillion Dollar Economy
Industry 4.0 and Five Trillion Dollar Economy
Fiscal PolicyFiscal Policy: Definitions
Revenue Account and Revenue Expenditure..
Capital Account and Capital Expenditure..
Deficits and Deficit Financing
Fiscal Stimulus
Fiscal Consolidation.
Off Budget Financing…
Zero Base Budgeting (ZBB).
Plan and Non-plan Expenditure Classification.
Domestic Savings in India and Trends
Public Debt.
External Debt.
Rupee Debt
India and Sovereign Bonds.
External and Internal Debt Management.
Debt-GDP Ratio
Monetary and Credit PolicyMonetary Policy and Supply
Monetary Aggregates..
Indian Financial Code (IFC).
Monetary Policy Committee (MPC).
Monetary Policy Framework Agreement.
Monetary Policy Transmission.
Repo Rate and Deposit Rate Linkage 2019.
The Reserve Bank of India.
Bimal Jalan Committee on Economic Capital Framework.
RBI and its Subsidiaries.
Financial Stability and Development Council (FSDC).
Macro Prudential Analysis….
Money Market and Capital Market in India – Intruments and DynamicsMoney Market, instruments etc.
Discount and Finance House of India (DFHI)
London Interbank Offered Rate (LIBOR)
Mumbai Interbank Offered Rate (MIBOR)
Money Market Reforms.
Capital Market..
State Development Loan (SDL)
Private Equity..
Chit Funds…
Credit Default Swap (CDS).
Infrastructure Debt Funds (IDFs)
Terms and Concepts of Capital Market
Stock MarketStock Exchange
Primary Market and Secondary Market
Stock Exchanges in India and SEBI
Capital Market Reforms.
Derivatives and Futures
Buyback of Shares, call, put etc.
Anchor Investor
Global Depository Receipts (GDR) and American Depository Receipts (ADRs).
Foreign Portfolio Investor (FPI).
Commodity Exchanges…
Stock Markets and Macroeconomy
Important Indices in the World
Blue Chip
Largecap, Midcap or Small Cap Company..
MPS Norms
Shariah Index
Types of Shares
Power Exchanges.
Dabba Trading
Inflation – Concepts, Facts and PolicyInflation and its Types
Measures of Inflation.
Causes of Inflation..
Effects of Inflation
Price Stability and Optimal Inflation. GDP, Potential GDP and Inflation.
Inflation and Corruption.
Inflation Targeting…
New CPI Series 2015.
Food Price Indices.
Growth-Inflation Trade Off..
Government Steps to Control Inflation..
TaxationTaxation in India.
Tax Reforms in India
Direct and Indirect Tax Ratio..
Tax to GDP Ratio
Broadening Tax Base.
Tax Amnesty Schemes.
Direct Taxes Code (DTC).
Capital Gains Tax…
Inverted Duty Structure
Tax Expenditure…
Tax Havens
Base Erosion and Profit Shifting (BEPS).
Double Taxation Avoidance Agreement (DTAA).
Rationalization of DTAA..
General Anti Avoidance Rules (GAAR).
Place of Effective Management (POEM).
Tax Information Exchange Agreements (TIEA)
Convention on Mutual Administrative Assistance in Tax Matters….
Transfer Pricing and APA..
Tobin Tax…..
Pigovian Tax
Goods and Services Tax (GST)
Electronic Way Bill (E-Way Bill).
GST and Federalism.
Minimum Alternative Tax (MAT)..
Some Tax Related Terms.
Banking System in IndiaCommercial Banks.
Public sector banks
Safety of Banks and Basel Norms..
Insolvency and Bankruptcy Code 2016 and Amendments
Twin Balance Sheet (TBS) Challenge..
Public Sector Asset Rehabilitation Agency (PARA)
Bank Consolidation
Financial Service Institutions Bureau (FSIB)
Small Finance Banks (SFBs).
Payments Bank
India Post Payments Bank (IPPB).
Regional Rural Banks (RRBs).
FDI In Banks
Foreign Banks: Subsidiary Vs Branch.
Development Banks.
Co-operative Banks
Shadow Banks
Universal Banking in India.
Bank Run.
Priority Sector Lending
Public Sector – Evolution, Reforms and PerformancePublic Sector – Evolution, Reforms and Performance
Disinvestment and Privatization
Government Policy on Disinvestment/Privatization
Bharat 22..
Methods of Disinvestment of Minority Stake in CPSES.
Use of Disinvestment Proceeds
Maharatna, Navaratna and Miniratna Companies
Challenges for PSUs..
Ad-hoc Group of Experts (AGE) Report
Purchase Preference Policy.
Foreign TradeIndia’s Exim Policy: Its Evolution and Content
India’s Trade Reforms Since 1991.
Foreign Trade Policy 2015-20..
Agri-Export Policy 2018….
India’s Exports and Imports: Merchandise Exports..
Challenges to Boosting India’s Exports..
GST and Exports
Important Schemes
Export and Trading Houses.
Institutional Infrastructure..
States and Export Efforts.
Trade Finance
Free Trade Arrangements and India..
Free Trade Agreements (FTAs): Pros and Cons
South-South Trade.
Non-Tariff Barriers..
Quantitative Restrictions.
Some Important terms.
Foreign Direct InvestmentBenefits of FDI.
Costs of FDI….
Incentives to FDI
India’s FDI Policy…
Recent Trendrs in FDI
Change in FDI in Different Sector
Balance of PaymentsCurrent Account and Capital Account..
India’s Balance of Payments (BOP) Crisis in 1991.
Balance of Payments and Invisibles…
Currency Convertibility…
Currency Swap Agreements.
Exchange Rate.
Currency Appreciation and its effects.
Sovereign Wealth Fund.
Dutch Disease…
External Sector
Indian AgricultureFood Grain Production (Recent Year)
Accounting for Success in Agriculture.
Government Initiatives…
Capital Formation in Indian Agriculture.
Agricultural Price Policy in India.
Terms of Trade (ToT)….
Taxing Agricultural Income.
Sustainable Agriculture……
Sustainable Agriculture and Water Management.
Soil Health.
Zero Budget Natural Farming in India
Indian Agriculture and Climate Change.
Extension Services…….
Agri-clinic and Agribusiness Centre.
Rural Credit.
Agriculture Reforms..
Organic Farming
Kisan Credit Card
InfrastructureTypes of Infrastructure..
National Critical Information Infrastructure Protection Centre (NCIIPC)
Financing Infrastructure.
India Infrastructure Finance Company Limited (IIFCL)..
Hybrid-Annuity Model (HAM)
Toll-Operate-Transfer (TOT).
Swiss Challenge and BOOT model, Beed model
Viability Gap Funding 
Plug and Play Model and 
Infrastructure Debt Fund
InvITs and REITs.
Engineering, Procurement, Construction (EPC) Contract and Turnkey
Green Bonds..
PPP: Right Model..
Affordable Housing..
Infrastructure Status….
Concerns related to Infrastructure Sector
Kelkar Committee 2015.
Infrastructure Policies and Government InitiativesNational Investment and Manufacturing Zones (NIMZS).
Industrial Corridors
Defence Corridor….
Industrial Parks
National Highways Development Project (NHDP)
Sagarmala Project
Bharatmala Project
India’s Inland Waterways.
Land Pooling Vs Land Acquisition…
Exclusive Economic Zones
Special Economic Zones
PovertyConcepts, Data, Policy and Analysis
Poverty and its Types
Measurement of Poverty
World Bank and Poverty Definitions.
Planning Commission and Poverty.
Urban Poverty.
Major Committees on Poverty
Eradication of Poverty.
Multidimensional Poverty Index (MPI)
Niti Aayog Task Force on Poverty Elimination
Sustainable Development Goals (SDGs)
Millennium Development Goals (MDGs).
Universal Basic Income (UBI),
Basic Income in India
Poverty is a Cognitive Tax.
Poverty Eradication and Randomized Controlled TrialsDevelopment Economics..
Randomized Controlled Trials (RCTs).
2019 Nobel Prize for Economics.
Gender and Politics
Bounded Rationality.
Abdul Latif Jameel Poverty Action Lab (J-PAL)
Economic InequalityEffects of Economic Inequality.
Measurement of Inequality
Measures to Decrease Inequality in India
Economic Inequality in India
Balanced Regional Development (BRD) and Inclusive Growth
Aspirational Districts Programme. Inequality and Economic Growth.
Social Security…
Social Safety Net.
Globalization and Inequality.
Artificial Intelligence (AI) and Inequality..
Employment, Skills and Labour in IndiaTypes of Unemployment..
Natural Rate of Unemployment or Full Employment…
Causes of Unemployment…
Consequences of Unemployment.
Official Unemployment Estimates..
Jobless Growth..
Labour Productivity.
Child Labour in India
India and International Labor Organization (ILO) Conventions.
Skill Development..
National Skill Development Mission….
Pradhan Mantri Kaushal Vikas Yojana (PMKY).
Demographic Dividend..
Economic Globalization and Employment..
Gig Economy
Recent Trends of Unemployment in India
Global Financial ArchitectureGroups.
Bretton Woods InstitutionsInternational Monetary Fund (IMF).
SDRs as Global Reserve Currency.
IMF’s Financial Resources
IMF and the Great Recession 2008.
IMF and Social Protection
IMF, Money-Laundering and Terror Finance 
India and the IMF
Financial Transaction Plan (FTP).
Financial Action Task Force (FATF).
World Bank GroupWorld Bank: IBRD and IDA.
India and the World Bank.
Bretton Woods 2.0
World Trade OrganisationGATT and WTO
Decision-Making in the WTO
Most Favoured Nation (MFN).
Export Subsidies
Directorate General of Trade Remedies.
Trade Facilitation
World Trade Organization (WTO) and E-commerce.. India and WTO
India and Bilateral Investment Treaty (BIT)..
HIB Visa Fee Hike and WTO-Compatibility.
Generalized System of Preferences (GSP) and India.
India and WTO: Gains and Losses
US Protectionism and its Legality.
Recent WTO Agriculture Dispute with India
WTO and Intellectual Property RightsAPEDA
Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)….
MiscellaneousWorld Trade Agreements – RCEP, TPP,FTA
Current Affairs
Chapter NoChapter Name
88 Important Economics Keywords to know for any exam!
Chapter 1Introduction to Economics
Chapter 2National Income accounting
Chapter 3Structure of Indian economy: a brief overview
Chapter 4Planning in India
Chapter 5Resource mobilization
Chapter 6Inclusive growth and issues arising from it
Chapter 7Government budgeting
Chapter 8Fiscal Policy
Chapter 9The Reserve bank of India and monetary management
Chapter 10Inflation
Chapter 11Taxation system in India
Chapter 12Indian financial system: Commercial Banking system
Chapter 13Indian financial system-II: Money and capital market in India
Chapter 14Investment models
Chapter 15Infrastructure
Chapter 16Agriculture
Chapter 17Indian industries and economic growth
Chapter 18Foreign trade and International organizations
Chapter 19Poverty and unemployment