Indian Economy – 2017

Indian Economy-1: Basic Agriculture Data

Gross Cropped Area and Net Cropped Area, The share of agriculture in GDP of India, Share of agriculture in GCF (Gross Capital Formation), Current Growth Trends in Indian Agriculture, Issues with Agricultural Productivity, Agricultural Workers as part of Population and Labour Force, Agri-Imports and Exports.

Indian Economy-2: Food Grains Production

Food Grains Production Data, Rice and Rice Cropping Patterns, GI Protected varieties of Rice, Basmati Rice, Wheat and Coarse Cereals, Trends in consumption pattern of Coarse cereals, Pulses.

Indian Economy-3: Oil Seeds and Cash Crops Production

Oilseeds, Issues with Pulse production and price trends, Dependency in Edible Oil, Oil Palm, Government Policy towards Oil Palm Promotion, Sustainable Oil Palm production, Sugarcane Production, Sugar Industry problems, Cotton, Tea, Coffee, Tea Varieties, Coffee Varieties, Darjeeling Tea, Assam Team, Nilgiri Tea and Kangra Tea and issues related to them. Comparison of Robusta Coffee and Arabica Coffee.Key production areas of Soyabean, Natural Rubber, Natural Rubber Industry Issues.

Indian Economy-4: Horticulture Crops, Cropping Patterns

Key horticulture crops, Crop rotation, Intercropping, Sequential Cropping, Rice-Wheat Cropping systems

Indian Economy-5: Allied Sectors in Agriculture

Distribution of Livestock in India, Livestock and the structural shift in the agricultural sector, Operation Flood, National Dairy Plan, consumption dynamics in Dairy products, Inland versus Marine Production, Inland Aquaculture & Blue Revolution, Institutional Structure for Support in Poultry.

Indian Economy-6: Green Revolution and Rainbow Revolution

Basic Elements, Issues and Impacts of Green Revolution, Second or Third Green Revolution, Rainbow Revolution.

Indian Economy-7: Foodgrains Management and Food Security

The National Commission on Farmers, BGREI scheme, Rainbow Revolution, Minimum Support Price Scheme, Buffer Stocks and Buffer Norms, Food Security, Provisions of NFSA, Human Life Cycle Approach.

Indian Economy-8: Irrigation and Agriculture Development Policy

Gross Command Area and Cultivable / Cultural Command Area, Gross Irrigated Area and Net Irrigated Area, Irrigation Potential Created and Irrigation Potential Utilized, Minor, Medium and Major Irrigation Schemes, Sources of Irrigation, States under Well, Canal and Tank irrigation, Command Area Development Programme, Accelerated Irrigation Benefits Programme, Pradhan Mantri Krishi Sinchayi Yojana, Accelerated Irrigation Benefit Programme (AIBP), Methods of Irrigation, Micro Irrigation and Government policy on Micro-irrigation, Rainfed Agriculture, Dry Land Farming, Agriculture Marketing, APMC Act & NAM, Small Farmers’ Agribusiness Consortium (SFAC), Crop Insurance Schemes, Government Schemes in Agriculture.

Indian Economy-9: Seeds, Fertilizers and Farm Technology

Various classes of seeds, Seed Replacement, Government’s seed policy, Protection of Plant Variety Act, Basic Knowledge about Fertilizers, Types of Chemical Fertilizers, Fertilizer Subsidy Policy, Policy around natural gas, Neem Coated Urea, Precision Farming, Recent technologies in farming.

Indian Economy-10: Industry and Infrastructure Part-I

Industrial Growth and Industrial Policies, Industrial Structure and Growth Trends, Industrial Growth Trends in first three Five Year Plans, Structural Changes in the Industrial Sector in last 65 years, Rise of Heavy and Capital Goods Sector, Rise of Public sector, Various Types of Goods and IIP, Various types of Goods, Index of Industrial Production, National Manufacturing & Investment Zones (NIMZ), Automobiles Sector, Biotech Industry, Chemical & Petrochemicals Industry, Electronics, IT-ITES and ESDM Sectors, Leather Industry, Cotton Textile Industry, Jute Industry, Sericulture Industry, Woollen Textile Industry.

Indian Economy-11: Industry and Infrastructure Part-II

Cement Industry, Types of Cement Grade, Cement Making Process, Portland Cement versus White Cement, Environment Impacts of Cement Industry, Concretization and its impacts, Coal Sector, Types of Coals, Fly Ash, India’s Coal Resources, Power Sector, Largest producers, consumers and exporters of oil; BTU/ Joule; Upstream, Downstream in petroleum; Sweet, Brent and Sour Crude Oil; location of gas oil fields; Industry wise use of Natural Gas in India; Specific gravity in oil; Vertical Integration versus Horizontal Integration; OPEC Members; Oil Bonds; APM and non-APM Gas and PPAC’s role; Oil prices and current account / revenue deficit; Shale Gas; Jambusar; CBM; Gas Hydrates; Carbon Tax; National Clean Energy Fund; Petroleum And Explosives Safety Organisation. Commission of Railway Safety, Functions of Directorate General of Civil Aviation versus Airports Authority of India, Gagan Project, Open Sky Policy, 5/20 Rule, Route Dispersal Guidelines , Major Ports (please check trivia given in module), Differentiation between the Major Ports and Minor Ports, National Waterways, National Highway Development Project, SARDP-NE.

Indian Economy -12: Banking Industry Basics

Kusidin, Presidency Banks, Imperial Bank of India, Hilton Young Commission, Nationalization of Banks and their impact, Scheduled Versus Non-scheduled banks, Old and New Private Sector Banks, RBI policy towards Foreign Banks, Regional Rural Banks, Different Rural Cooperatives, Unit Banking / Branch Banking, Mixed, Chain, Retail / Wholesale Banking, Social Banking, Narrow Banking, Shadow Banking. Functions of RBI, Structure of RBI, Board for Financial Supervision, Board for Payment and Settlement Systems (BPSS), Objectives of Monetary policy, Open Market Operations, Liquidity Adjustment Facility (Repo and Reverse Repo), Marginal Standing Facility, SLR, CRR, Bank Rate, Credit Ceiling, Para – banking Activities, Proportional Reserve System and Minimum Reserve System, Ways and means advances (WMA), Statuary Reserves, Lender of the Last Resort (LORL), LERMS, Time deposits and demand deposits, Current Account & Saving Account, NRO, NR(E)RA and FCNR accounts, Deposit Insurance, Concept of credit creation, Various Types of Loans, Non-performing Assets, Provision Coverage Ratio, Priority Sector Lending.

Indian Economy-13: Money Markets, Capital Markets, Insurance

Call Money, Notice Money and Term Money, Treasury Bills, Certificate Of Deposits, Commercial Paper, Functions of Money Markets, M0, M1, M2, M3, M4, Narrow Money / Broad Money, Derivatives, Mutual Funds, Real Return of Rate, Real Assets and Financial Assets, Short Term and Long Term Investment Options. Unlimited Company versus Limited Company, Private Limited Company versus Public Limited Company, Share and Share Capital, Types of Share Capital, Capital Reserves versus Reserve Capital, Preference Shares and Equity shares, IPO, Book Building, Red Herring Prospectus, FPO, Voting Rights & Differential Voting Rights (DVR), Debt instruments, Debentures, Debentures and Shares. IRDA Functions, Insurance Ombudsman, Employee’s State Insurance Corporation, Underwriting, Types of NBFCs and their regulators, Difference between NBFC and Banks, Infrastructure Debt Fund, Deposit Taking by NBFCs

Indian Economy -14: Public Finance, Taxation and Investments

Fiscal Policy Versus Monetary Policy, Fiscal Policy Instruments, Impacts of Fiscal Policy Instruments, Taxation powers of states / governments, Concurrent / Residuary Powers of taxation, Income Tax, Corporation Tax, Sales Tax / VAT / CENVAT, Tax devolution, Votable and Non-Votable Expenditures, Cut motions, Vote on Account, Tax Revenue / Non-Tax Revenue, Revenue Receipts / Revenue Expenditures, Capital Receipts / Capital Expenditures, Revenue Deficit / Effective Revenue Deficit / Budget Deficit, Fiscal Deficit, Direct Tax / Indirect Tax, Internal Debt / External Debt, Taxation versus Government spending, India’s Public debt, Plan Expenditure / Non-Plan Expenditure. Types of Budgets, Budget Making Procedure, Direct and Indirect Taxes, Foreign Investment, Disinvestment.

Indian Economy-15: Poverty, Population, Census and Unemployment

Dependency Ratio, Demographic Transition Theory, Age Sex Pyramids, Push Pull Factors of Migration, Birth Rate, Death Rate, Total Fertility Rate, Demographic Dividend & Longevity Dividend, Census Act Provisions, Canvasser method and ‘householder’ method of enumeration, Population Extremes (highest, lowest states, districts), SECC Objectives, data, angle of deprivation, Labour Force versus Workers Force, Labour Force Participation Rate, Types of Unemployment, Employment Elasticity, Trend in Female Labour Force Participation Rate.

Important Terms, Concepts and Glossary of Economy {This document will be updated later}

Important micro and macro-economic terms and concepts both basic and in current news.