Indian Economy

Growth, planning, banking, and the structure of India's economy — with special focus on the labour market.

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📖 Core areas

Basic concepts — GDP, inflation, fiscal policy, five-year plans and NITI Aayog.
Banking & finance — RBI functions, monetary policy, financial inclusion.
Labour economics — organised vs unorganised sector, employment data, wage policy.

🎯 EPFO angle

Questions often connect economic concepts to employment and the formal/informal workforce — this is the natural overlap with an EO/AO's day-to-day role.

💡 Key Facts

Organised (formal) sector workers are covered by EPF, ESI and similar schemes; the unorganised sector largely isn't — a key distinction EPFO tests.
NITI Aayog replaced the Planning Commission in 2015.
RBI's core functions: currency issue, banker to government, monetary policy, banking regulation.
Know basic terms: GDP vs GNP, fiscal deficit vs revenue deficit, repo rate vs reverse repo rate.

🔖 60-Second Revision

Basic macro concepts: GDP, inflation, fiscal deficit, monetary policy.
Organised vs unorganised sector distinction is central to EPFO's own mandate.
NITI Aayog (2015) replaced the Planning Commission.
RBI functions and key policy rates are frequently tested.

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Indian Economy — PDF & Extra Materials

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