Economy Syllabus for APPSC Prelims | Indian and Andhra Pradesh Economy and Planning

Indian and Andhra Pradesh Economy and Planning

Basic characteristics of Indian Economy as a developing economy:

Economic development since independence objectives and achievements of planning   - NITI Ayog and its approach to economic development – Growth and distributive justice - Economic development Human Development Index – India’s rank in the world – Environmental degradation and challenges - Sustainable Development - Environmental Policy.

National Income and its concepts and components:

India’s National Accounts – Demographic issues - Poverty and Inequalities – Occupational Structure and Unemployment - Various Schemes of employment and poverty eradication – Issues of Rural Development and Urban Development.

Indian Agriculture:

Irrigation and water – Inputs of agriculture – Agricultural Strategy and Agricultural Policy – Agrarian Crisis and land reforms – Agricultural credit – Minimum Support Prices -Malnutrition and Food Security - Indian Industry - Industrial Policy – Make-in India – Start-up and Stand-up programmes – SEZs and Industrial Corridors – Energy and Power policies – Economic Reforms – Liberalisaion, Privatisation and Globalization –International Trade and Balance of Payments – India and WTO.

Financial Institutions:

RBI and Monetary Policy – Banking and Financial Sector Reforms – Commercial Banks and NPAs – Financial Markets –Instabilities - Stock Exchanges and SEBI – Indian Tax System and Recent changes – GST and its impact on Commerce and Industry – Centre, States financial relations- Financial Commissions – Sharing of resources and devolution – Public Debt and Public Expenditure - Fiscal Policy and Budget.

The characteristics/ basic features of Andhra Pradesh economy after bifurcation in 2014:

Impact of bifurcation on the endowment of natural resources and state revenue – disputes of river water sharing and their impact on irrigation – new challenges to industry and commerce - the new initiatives to develop infrastructure –power and transport -information technology and e-governance – Approaches to development and initiatives in agriculture, industry and social sector – Urbanisation and smart cities – Skill development and employment – social welfare programmes

A.P. Reorganisation Act, 2014:

Economic Issues arising out of bifurcation – Central government’s assistance for building a new capital, compensation for loss of revenue, development of backward districts – Issues such as Vizag railway zone, Kadapa steel factory, Dugarajapatnam airport, Express ways and industrial corridors etc., - Special Status and Special Assistance- Controversy - Government’s stand and measure.

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