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Welcome to ERUDITION IAS

Erudition is an initiative for those Civil Services aspirants who find it difficult to grasp the concepts of Indian Economy. Economy as a segment in General Studies (Pre and Mains) has always been a tough nut to crack and that is because of the technical, complex and dynamic nature of the subject. That is why it requires special attention and thorough conceptual understanding.

At Erudition, we focus on concept building, together with focus on current issues and topics. Further, weekly tests are conducted for better understanding of the subject. We have small-size batches to ensure that every student gets maximum personal attention and all their doubts are properly and promptly clarified.


Course Director

Mr. Vivek Singh is an IITian and holds an MBA degree as well. He has left his high profile corporate job to follow his passion for teaching. He brings with him vast experience of education and industry. His in-depth understanding of the subject and simplified way of teaching have won laurels from the student fraternity.

Upcoming Batches

(Prelim cum Mains) 
Fee Rs. 12,500

Afternoon Batch
Dec 19th - Jan 30th

(12.00 PM - 2.30 PM)
Monday to Friday


Evening Batch
Jan 8th - Feb 16th

(5.00 PM - 7.30 PM)
Monday to Friday

 



GS - INDIAN ECONOMY (Prelim cum Mains) LECTURE PLAN



SN

Topics & Description

No. of Sessions
(2.5 hrs each)

1.

Fundamentals of Macroeconomics

  • Economic Systems
  • Various Sectors in an economy
  • Factors of Production
  • Value added, Expenditure & Income Approach
  • Investment & Saving
  • National Income, GDP, NDP, GNP etc.
  • Business Cycles and trend growth
  • Inflation Indices: GDP deflator, CPI, WPI
  • Capital formation and ICOR
  • Purchasing Power Parity
  • Lorenz curve, Gini coefficient & HDI

4

2.

Money & Banking

  • History of money creation
  • Exchange Rate Systems
  • Securities and Capital Markets (Primary & Secondary)
  • Accounts & Deposits
  • High Powered Money and Money Supply
  • Monetary Pulicy, Repo Rate, CRR, Base Rate etc.
  • RBI and its functions & Banking Structure in India
  • Payment Banks and Small Finance Banks
  • NPA, Capital Adequacy Ratio and Basel Norms
  • FDI, FPI, ADR/GDR, ECBs etc.
  • Balance of Payments and Rupee Convertibility
  • Types and causes of inflation
  • Phillips curve & Unemployment

7

3.

Government Budgeting

  • Government Budgeting Process
  • Government Accounts and Public Debt
  • Revenue Budget & Capital Budget
  • Fiscal, Revenue and Primary Deficits
  • Fiscal Policy
  • FRBM Act 2003
  • Present Tax Structure & GST
  • Finance Commission: Relation between Centre & States
  • NITI AAyog

4

4.

Land Reforms

  • Land Reforms in the post-independence era
  • Land Acquisition Act 2013

1

5.

Industrial Policy and Economic Reforms

  • Indian Economy at Independence
  • Industrial Policy after independence
  • Manufacturing v/s Services debate
  • Liberalization and Economic Reforms of 1991

3

6.

Subsidies, PDS, Food Security Act and Agriculture

  • Various types of Subsidies
  • Major Central Subsidies : Food, Fuel, Fertilizer
  • Subsidies and its impact on economy
  • PDS: Structure, objectives and challenges
  • Food Security: FSA 2013, Issues & challenges
  • Agriculture Produce Marketing Committee Act (APMC)
  • Agriculture - Policy, Issues & Challenges

3

7.

WTO, World Bank & IMF

  • WTO creation and its principles
  • GATT, GATS, TRIPS
  • The Doha Agenda
  • Agreement on Agriculture
  • Compulsory Licenses
  • World Bank & IMF

2

8.

Food Processing & Supply Chain Management

  • Supply Chain and its Components
  • Upstream & Downstream, Vertical & Horizontal Integration
  • Schemes like Mega Food Parks, Cold Chains etc.
  • Scope & Challenges of Food Processing Industry in India

1

9.

Investment Models & Infrastructure

  • What is Public Private Partnership (PPP)
  • Issues and challenges in PPP in India
  • Special Purpose Vehicles (SPV) and Joint Venture (JV)
  • Investment Models Cost Plus, PSC, BOT, BOOT, PSC etc.
  • Energy Sector: Power, Renewable etc.
  • Transportation Sector: Rail, Roads, Ports, Airports etc.
  • Special Economic Zones (SEZ)

4