IAS Prelims 2014 is scheduled to be conducted on 24 August.

Indian Economy is the

mundane part of the IAS Prelims Syllabus and it has to be prepared whether it is
mentioned in the Syllabus or not. The Syllabus mentions Economic and Social Development.
This is so because the Economic and Social Development are intertwined and both takes
place hand in hand. The IAS General Studies Paper I consist of good number of
Economy questions as well as it has interrelated concepts which cast shadow on the other
issues.
This all makes the preparation of Economy indispensable for the success in the Exam.
Moreover the good understanding of Indian Economy is also very helpful for the IAS Main
Examination.

How

to

Start

To start the preparation one should start with the basics and go towards the current
happenings

and

their

implications.

The candidates should start with the Basic Economics Books such as the NCERT Books

of class VIII, IX, X, XI, and XII. This will be very helpful to them for each stage of
examination.

The next step is to know about the various Institutions and their coordinated working

because it is imperative to know the working areas and the scope of the jurisdictions of
various institutions. This will help them in understanding the current happenings.

The Candidates, after getting the grip on the institutions, should study and analyse the

working of the institutions so that they can understand their relevance in the present context.

After doing the aforementioned cases the candidates should start studying the

Government Decisions related to the Macro Economic Policies of our Country. The Macro
Economic policies are those policies which affect the whole country as a whole.

The Newspaper gave the constant update on all the sectors of Economy. The Editorials

and the Opinions related to the Economic Policies guides the candidates in making up their
world

The Budget and the Economic Survey and the India Year Book helps the candidates to

develop

view.

the

real

insight

of

the

working

of

the

Indian

Economy.

The real working of the economy has increased many folds and the globalisation had

made a global network of working economies. The network of Economies around the world
has

implications

on

one

another

which

makes.

The Institutions around the world such as World Bank, International Monetary Fund,

World Trade Organisation and the regional Economic Institutions such as SAARC Bank,
Asian Development Banks and the likes are also influencing the Economic Interaction of
India with the World.
For more information and the detail analysis of subject read IAS Prelims 2014:A

Complete Guide

The Candidates can discuss their Preparation related issues on IAS/PCS

Group of Myjosh.