ECONOMY MODULE by VIVEK SINGH

(Offline & Online Mode)

1. Start Date: 20th Nov 2024 (Timing 5 to 7.30 pm)
2. There are around 40 classes (2.5 hours each) which will take around 2 months
3. Vivek sir will take physical classes in Delhi (Unacademy Offline Centre) and the
same day it will be uploaded online
4. Offline students will also get online access till Prelims
5. Online students can watch live classes and will also be provided recording of the
offline classes on the same day and they will have access to the recording till
Prelims
6. You can watch videos any number of times
7. The course will start from basics and prior knowledge of economy is not required
8. Current issues will be covered in classes and once the course is over then you
can follow Vivek sir telegram channel for current affairs.
9. Vivek sir will discuss some prelims and mains questions during the class itself
but this course does not include any separate test series.
10. The Course is in ENGLISH language.
11. A telegram group will be created where online/offline students can ask their
doubts.
12. The course will target UPSC CSE 2025/26 but majority of the portion is also
relevant for other exams too like RBI/SEBI/NABARD/State PSCs
13. Fee for offline students is Rs. 7499 (including GST)
14. Fee for online students is Rs. 4999 (including GST)
15. Fee will not be refunded in any case
16. Course will be offered on Unacademy Platform and student will be paying to
Unacademy. In no case Vivek sir is responsible in any manner. For all operational
things student need to contact Unacademy. For any academic doubt students
can contact Vivek sir through telegram.

17. Contact Details: Unacademy Offline Centre, 3-B, Third Floor, Pusa Road, Karol
Bagh, New Delhi, Pin -110005, Phone No. +91 8147045876
 INDIAN ECONOMY- Lecture Plan-Vivek Singh
SN Topics & Description No. of Classes
(2.5 hrs each)
1. Fundamentals of Macroeconomics
 Economic Systems
 Four Sectors of economy
 Four factors of Production
 Consumption & Capital goods 5
 Circular flow of Income
 Investment & Savings
 Value added, Expenditure & Income Approach of GDP
 GDP, GNP, NDP, National Income
 Market Price, Factor Cost
 Real & Nominal GDP, Base effect
 Per capita income
 Economic growth drivers
 Difference between economic growth and development
 Human Capital Formation
 Green GDP and Carbon Tax
 Business Cycles, Trend growth & Potential GDP
 Productivity, Capital formation and ICOR
 Inflation Indices: GDP deflator, CPI, WPI
 Nominal Exchange Rate (NER and NEER)
 Real Exchange Rate (RER and REER)
 Purchasing Power Parity (PPP)
 World Bank and IMF Classification of Countries

2. Money & Banking – Part I

 History of money creation
 Functions of Money
 Exchange Rate Systems
 Securities and its types
 Financial Markets
 Types of Companies
 Accounts & Deposits 9
 Money Supply
 Money circulation between RBI, Banks, Public and Govt.
 Money Creation, Monetary Base & Money Multiplier
 Monetary Policy and its tools
 Base Rate, MCLR and External benchmark rate
 Indian Financial System (Banks and Non-Banks)
 Cooperative Banking Structure, issues, and reforms
 RBI and its functions
 RBI’s sources of Income and Economic Capital Framework
 Basel Norms (Capital Adequacy Ratio)
 FDI (& ODI), FPI, ECB, Masala Bonds, ADR/GDR
 Currency Swap and Forex Swap
 Strategic Disinvestment
 Balance of Payments and Rupee Convertibility
  Types and causes of inflation, Liquidity Trap
 Unemployment & Phillips curve
 Terminology

3. Money & Banking – Part II

 History of Indian Banking & Reforms
 Financial Services Institutions Bureau (FSIB) 1
 Development Financial Institutions (DFIs)
 SARFAESI Act 2002
 Insolvency and Bankruptcy Code (IBC) 2016

4. Government Budgeting
 Budgeting Process
 Types of budgets
5
 Gender Budget
 Outcome Budget
 Zero Based Budgeting
 Government Accounts
 Revenue & Capital Budget
 Fiscal, Revenue and Primary Deficits
 Fiscal Policy and its types
 Perspectives on Deficit and Debt
 Monetization of Deficit and Deficit Financing
 FRBM Act 2003
 Strategic Disinvestment
 India’s Tax system
 Various types of taxes
 Direct Taxes and reforms
 Goods and Services Tax (GST)
 Transfer Pricing and Advance Pricing Agreement (APA)
 Base Erosion Profit Shifting
 Bilateral Investment Treaty (BITs)
 Finance Commission and Funds transfer from Centre to States
 Terminology

5. Land Reforms
 Land Reforms in the post-independence era
 Land Acquisition Act 2013 1
 Model Agricultural Land Leasing Act 2016
 Land Pooling Policy

6. Indian Economy [1947 - 2014]

 Indian Economy at Independence
 Planning in India and its objectives
2
 Types of Planning
 Industrial Policy post-independence
 Balance of Payment (BoP) crisis
 LPG reforms of 1991 and its impact
 Economy jumped from Agriculture to Services

7. Indian Economy after 2014

 NITI Aayog
 Make in India, Smart Manufacturing (Industry 4.0)
  Land Banks and PLI scheme 1
 Core Industries and IIP
 MSMEs, E-commerce and FDI in Retail
 Start-ups and Innovation
 Aatma Nirbhar Bharat

8. Inclusive Growth and Development

 Inclusive Growth and challenges
 Poverty estimation in India
 Demographic Dividend
2
 New Labour Codes
 Fixed Term Employment
 PLFS and AQEES
 Sustainable Development

9. Subsidies, PDS and Food Security Act

 Subsidies and its classification
 Major (explicit) Central Subsidies: Food, Fuel, Fertilizer
2
 Price Subsidies & Direct Benefit Transfer (DBT)
 Income Support & Universal Basic Income (UBI)
 FCI and its functions
 PDS: Structure, objectives, and challenges
 National Food Security Act 2013

10. Agriculture Part - I

 Facts and brief history of agriculture in India
 Minimum Support Price (MSP)
 PM-AASHA, PM-KISAN
 APMC, e-NAM, Model APLM Act 2017
 Agriculture Extension
 Farmer Producer Organizations (FPOs) 2
 Agriculture Clusters
 Model Contract Farming Act 2018
 Agriculture Infrastructure Fund
 Animal Husbandry Infrastructure Fund
 Pradhan Mantri Fasal Bima Yojana
 Doubling Farmers' Income
 Agri Export Policy 2018

11. Agriculture Part – II

 Irrigation System and Cropping Pattern
 Genetically Modified crops
 Organic Farming
 Zero Budget Natural Farming
1
 Integrated Farming System
 Protected Cultivation
 Technology in Agriculture, Smart/Precision Farming

12. Supply Chain Management & Food Processing Industry

 Supply Chain and its Components
 Upstream & Downstream Sector
 Vertical & Horizontal Integration
2
 Scope & Challenges of Food Processing Industry in India
  Essential Commodities Act 1955
 Price Stabilization Fund
 SAMPADA
 Operation Greens (TOP)
 Warehouse receipts

13. International Organizations

 Bretton Woods Conference
 World Trade Organization (WTO)
2
 Principles of WTO Trade
 General Agreement on Tariffs and Trade (GATT)
 Agreement on Agriculture
 Trade Related Investment Measures (TRIMs)
 General Agreement on Trade in Services (GATS)
 Trade Related Aspects of Intellectual Property Rights (TRIPS)
 Intellectual Property Rights (IPRs)
 Generic Drugs and compulsory Licenses
 Doha Round Issues
 FTAs and RCEP
 Anti-Dumping Duty, CVD and Safeguard Measures
 IMF (SDRs) and World Bank
 Asian Infrastructure and Investment Bank (AIIB)
 New Development Bank (NDB)

14. Infrastructure & Investment Models

 Infrastructure Development in India: A brief history
 Public Private Partnership (PPP), Issues and Challenges
 SPV, JVC, BOT, BOOT etc.
5
 Road Sector: EPC, Annuity, HAM, Toll, TOT
 Railway: DFC, HSR, RDA and Reforms
 Airports and UDAN Scheme
 Ports, SEZ, CEZs and SAGARMALA
 Multi-Modal Logistics Park
 Coal and Power Sector
 Renewable Energy: Solar, Wind, Hydro etc.
 Oil & Gas sector and IGX
 Smart Cities and AMRUT
 NIIF, REITs and InvITs
 National Infrastructure Pipeline (NIP)
 National Monetization Pipeline (NMP)
Total 40 classes