UPSC / Government Exams · Economy

UPSC Indian Economy Notes – National Income, Inflation, Budget, Money and Banking with Diagrams

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Indian Economy notes for UPSC Civil Services Prelims and Mains General Studies. Covers sectors of the economy, GDP, GNP and national income, inflation and how it is measured, the Union Budget and types of deficit, money and banking, the tools of monetary policy, the balance of payments and exchange rates, with circular flow, budget and policy diagrams, comparison tables and prelims-style practice questions. Includes 6 labelled diagrams: The three sectors of the economy, with examples; Circular flow of income in a simple two-sector economy; Phillips curve: in the short run, lower unemployment tends to come with higher inflation; Structure of the Union Budget; How the RBI's main tools act on money supply; The balance of payments.