Indian Economy Revised & Updated Edition

Noushad Chengodan

About the Book

The book written by Noushad Chengodan, Mentor of Civil Services Examinations who works as an Assistant Professor in the Department of Economics at P.S.M.O. College Tirurangadi, is published by Manorama Books.  I am sure that the UPSC civil service aspirants are in search of a book which will lessen their aversion to economics as a subject of their study. Recently, even the man in the pub, has started to take a keen interest in the development of the nation. In the circumstances, economics as an essential subject, has to play a vital role in contributing to the progress of a country. As we all know, the said subject is inseparable with human life as the techniques of economics are widely used in our daily life knowingly or unknowingly. The need of the hour is to equip the students with theoretical framework in Economics along with the practical aspects of the subject – one of the key ingredients for clearing UPSC Civil Services Examinations. The book definitely discusses in detail the most important topics in an essay-wise format, giving special stress on introduction, main body and conclusion. This strategy is sure to help all the aspirants to score very high marks in their examinations, especially the UPSC and other competitive levels.

The revised and updated edition of this book incorporates the latest data, new areas like inclusive development index, production price index, monetary policy reviews, concepts of hunger and so on. Certain chapters have been re-written to cover the concepts and techniques in the latest revised syllabus. Each chapter is updated and analysed with the most reliable information taken from Economic Survey 2017-18, Union Budget 2018-19, RBI documents and so on. The book drags the minds of readers effectively towards the complexities of the analytics, empirics, and potential ramifications of colonial administration, economic planning, LPG programs, NITI Aayog, GST and demonetization on the socio-economic setup of the country. In Chapter I, the introductory chapter provides an introduction of the subject. Chapter II discusses the broad overview of Indian economy and gives a near-term outlook and implications of economic policies. Effectively speaking, the chapters from 3 to 10 clearly portrayed key concepts, growth and development, sustainable development and monetary policy techniques of RBI. The chapters from 11 to 18 take a long-term perspective to analyze where India stands on the underlying economic vision, arguing that overcoming some meta-challenges will require broader societal shifts in ideas and chalk out proper economic policies and welfare programs. Economic reforms are not, or not just, about overcoming vested interests, they are increasingly about shared narratives and vision on problems and solutions. Chapters 19 to 24 deal with the broad sectors of the economy. The discussion is ranged from agriculture, food security, green revolution, food processing industries and services sector. Chapters from 25 to 30 clearly analyze the repercussions of global capital flows, external trade, WTO and IMF on Indian economy. Readers may use foot-notes, bibliography and detailed appendix part for further analyses and thereby enrich their knowledge in the concerned subject..