March of The Indian Economy 4 Edition
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March of The Indian Economy 4 Edition (English, Paperback, I. C. Dhingra, Nitin Dhingra)


March of The Indian Economy 4 Edition  (English, Paperback, I. C. Dhingra, Nitin Dhingra)

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  • Language: English
  • Binding: Paperback
  • Publisher: Heed Publications
  • ISBN: 9788177291742, 8177291742
  • Edition: 4, 2017
  • Pages: 472
The Basic idea behind publishing this book was to present the matter in a very simple and easy language. -A lot of market research was done to really understand the need of the IAS aspirants by interacting with them and the conclusion was that all economy books in the market were written from an academic perspective and there was no book that made Economics interesting -This book is an attempt to overcome this myth -After you read this book you will find economics as a highly fascinating interesting discipline -All topics are covered as per upsc syllabus/IAS syllabus and you can be sure to crack economics in IAS and any other exam after you have read this book . -This year in upsc prelims 2015 21/21 economy mcqs and mains 09/10 Economy Questions could be solved directly from this book directly "March of the indian economy 4th edition available only with apical publications . Book Review By AIR - 255 TVARA MISRA (CSE 2014) EX Vajiram topper. 'Overall I would think the book is helpful for UPSC and State Service Examination preparation since it covers the basic requirement well- a) covers the topics in the syllabus well b) explains in very simple (even conversational) c) Has interesting illustrations (graphs, charts) and fun-facts thrown in to help the reader connect abstract concepts to the real world d) Brief, to the point analysis, hence not very bulky. It goes beyond other publications in the market since it provides. Very up-to-date information (Budget/ Economic Survey 2015 is also included, as well as Bills tabled in the Parliament in the past year, role of Niti Ayog) on several topics that other publications in the market do not have. Also small sections on latest developments in international sphere (movements on WTO/ IMF/ SDR/ AIIB/ BRICS bank/ TTP and impact on domestic policy making). One WHOLE CHAPTER devoted to the challenges to the new NDA government in the economic sphere and latest developments in the economy. Sections from the latest Budget and Economic Survey integrate within the chapters to provide a holistic outlook to the reader. Information in a point wise form for several concepts/ topics, therefore very helpful for answer writing and quick recall. MCQs at the end of subsections within chapters which are helpful in self-evaluation, and also of the nature which the new prelims pattern has been emphasizing- core understanding of basic concepts. detailed MCQ section at the end for overall evaluation as well.
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Book Details
Publication Year
  • 2017 November
Book Type
  • UPSC - IAS & State PSCs
  • Competitive
Table of Contents
  • Chapter 1 : Evolution of Indian Economy

    1. Introduction
    2. Beginning of March of the Indian economy
    3. Economics is the Study of an Economy
    4. Meaning of Economy , Economic Entities , Working of the Circular Flow of Income
    5. Economic Activities - Production , Consumption , Investment High S Implies High I
    6. Productive Process
    7. Economic Growth and Economic Development
    8. Different Economic Systems: Capitalism, Socialism and Mixed Economy
    9. Evolution of Indian Economy - Mid-Eighteenth Century India
    10. Arrival of the Britishers in India , Constructive Role of the British Rule ,Destructive Role of the British Rule
    11. State of the Indian Economy on the Eve of Independence - State of Social Infrastructure , Occupational Structure , Composition and Direction of Foreign Trade , GDP (Gathering Different Preferences)–Old acronym, a fresh interpretation

    Chapter 2 : First Phase CIA (1951-1990)

    1. Economic growth and Economic Development
    2. Economic Undercurrents - The growth versus development debate
    3. Investment Models
    4. Meaning and Importance of Economic Planning - Era of Development Plans in India , Strategy of Development , Major Achievements and Failures , Objective Assessment of Planning, Failures of Indian Planning, Causes of Limited Success of Planning, Steps to Raise the Rate of Growth, Fund Flow During 2015-16, Conclusion
    5. Agriculture During Plans: Features, Problems and Policies , Significance of Agriculture in the Indian Economy , Features of Indian Agriculture , Agrarian Crisis, Growth of Agricultural Output, Agricultural Policies and Programmes During Plans.

    • Technological Reforms
    • Institutional Reforms
    • Infrastructural Reforms
    • New Agricultural Strategy and Green Revolution
    • Green Revolution
    • Problems of Indian Agriculture
    • Agriculture and Policy Reforms
    • Failure

    6. Concept of Rural Development
    Issues in Rural Development
    7. Rural Credit

    • Types of Loan
    • Sources of Rural Credit
    • Weaknesses of Institutional Agencies
    • RBI Eases Rules for Priority Lending to Boost Credit Flow

    8. Marketing of Agricultural Produce

    • Weaknesses of the Marketing System
    • Government Measures

    9. Role of Cooperatives

    • Types of Cooperatives
    • Advantages of Cooperatives
    • Suggestions to Build-up Cooperatives

    10. Diversification Of Agriculture

    • Suggestions to Promote Agricultural Diversification

    11. Highlights of the Report of Nachiket Mor Committee.

    • Six Vision Statements

    12. Priority Sector Lending of Banks

    • Targets Prescribed
    • Penalty Provisions

    13. Alternative Farming (Organic Farming)
    14. Industry During Plans : Features, Problems and Policies
    15. Industrial Policy in India (1948-1991)

    • Industrial Policy Resolution, 1956
    • Industrial Licensing and Other Controls

    16. Industrial Growth in India (1950—1991)
    17. Features of Industrial Growth
    18. Need for Public Sector
    19. Problems of Indian Industry

    • Industry and Policy Reforms
    • Industrial Licensing Policy
    • Licence Raj’s last sigh

    Chapter 3 : Liberalisation, Globalisation and Privatisation - Need, Features and Appraisal

    1. Economic Reforms and New Economic Policy
    2. Background of New Economic Policy
    3. Objectives of New Economic Policy in India
    4. Major Policy Changes
    5. Economic Liberalisation
    6. Liberalisation and Market-Oriented Economy
    7. Privatisation
    8. Globalisation
    9. Sectoral Policy Reforms
    10. Appraisal of Economic Reforms

    • Positive Achievements
    • Growth Trend

    11. Failures
    12. Poverty in India
    13. Poverty Alleviation Programmes -

    • Policy Mechanism of Poverty Alleviation Programmes
    • Advantages
    • Overall Evaluation of the Programme
    • Causes behind Limited Success

    14. Rural Development in India
    15. Flagship Schemes for Rural Development

    • Crop loan Subventions : Political Problem with Panel Suggestion
    • Slums Fading from Cities :

    16. Human Capital Formation in India
    17. Indicators of Human Capital Formation
    18. Human Capital Formation in India

    • Achievements of the Educational Sector
    • Weaknesses of the Educational Sector
    • Measures to Reform Educational System
    • Resource Allocation in Plans

    19. Future Education Policy
    20. National Knowledge Commission
    21. Employment in India: Growth, Problems, and Policies

    • Labour Force and Work Force 160 Measurement of Employment
    • Determinants of Employment
    • Magnitude of Employment in India

    22. Nature of Employment in India

    • Distribution of Work Force by Sex
    • Distribution of Work Force by States
    • Distribution of Work Force by Urban and Rural Areas
    • Distribution of Work Force by Main and Marginal Workers
    • Decline In Worker Population Seen After Years
    • Best Performing States Have Lost Out
    • Distribution of Work Force by Occupations
    • Sectoral Distribution of Employment
    • Sectoral Employment Elasticities
    • Employment Elasticity in India

    23. Quality Of Employment

    • Sectoral Distribution of Employment

    24. Informalisation of Labour

    • Organised Sector Employment in Post Reforms Period
    • Factors Responsible for Informalisation of Labour

    25. Elements of Suggested Employment Strategy Suggestions to Promote Employment in Urban Areas

    • Suggestions to Promote Employment in Rural Areas
    • Other Measures

    26. Infrastructure in India: Meaning, Types, and Case Studies 169 Infrastructure and Economic Growth Nature of Infrastructure
    27. Privatisation and Commercialisation of Infrastructure - Need for Privatisation and Commercialisation

    • Prerequisites for Private Investment 172 Building Blocks for Infrastructure 172 28. Energy : Problems and Policies

    29. Health: Problems and Issues
    30. Environment and Sustainable Economic Development
    31. Sustainable Development Goals (SDGs)
    32. World Trade Organisation (WTO)
    33. Forward at the WTO

    • World’s Weirdest Micronations

    34. European Union
    35. Internationl Monetary Fund 197 Special Drawing Rights (SDRs)
    Global Economic Crisis and Growing Importance of SDRs
    36. World Bank
    37. IMF - World Bank Harmony

    • How IMF differs from the World Bank?

    38. Asian Development Bank

    • Overview
    • History
    • Lending, Criticism , Trans Pacific Partnership (TPP)
    • How BRICS bank can Win?
    • Asian Development Bank (ADB) 204 ADB’s Vision – An Asia and Pacific Free of Poverty:
    • Asian Infrastructure Investment Bank (AIIB)

    39. Money and Fiscal Framwork 205 Money Framwork
    40. Money Supply

    • Rbi Measures of Money Supply

    41. Cost to print money?
    42. Commercial Bank

    • Functions of a Commercial Bank
    • Central Bank
    • Definition
    • Functions of a Central Bank
    • Credit Control by a Central Bank

    43. Overview of Banking Industry in India

    • RBI tightens norms for NBFCs

    44. Curb inflation by competition reforms

    • The new themes evolving in the banking system
    • Inflation
    • Corporate Houses Allowed to Set Up Payment Banks
    • Monetary Policy: The Backdrop

    44. Fiscal Framework
    45. Government Budget : Meaning and Components
    46. Public Revenue
    47. Measures of Government Deficit
    48. Balance of Payments

    • Balance of Payments Account: Meaning And Components

    49. Foreign Direct Investment, portfolio Investment and Errors and Omissions
    50. Deficit In Balance Of Payments
    51. Rate of Exchange
    51. Foreign Exchange Market

    • Determination of the Rate of Exchange

    52. Rate of Exchange and Correction of Balance of Payments Disequilibrium
    53. Intervention by RBI

    Chapter 4 : PPP (2010–2014)

    1. A Brief Relok at Lpg And Cia
    2. What is PPP?
    A snapshot of events 2011-14
    3.policy parlysis and resultant slowdown
    Govt Pegs FY14 Growth Below 5%
    4. causes
    5. Public Policy Paralysis (PPP)
    6. Slow and inadequate response
    Bad News for Economy
    Positive Outlook
    7. Higher-end shift in export basket
    8. temples of resurgent India
    9. CRISIL SME Tracker - Agro-processing micro, small and medium enterprises lead in northern states

    Chapter 5 : SIR (2014–onwards)

    1. Beginning of a new era

    • What can Modi Do?

    2. Agenda for Reforms

    • Minimum Government, Maxmum Governance (MGMG)

    3. Governance: Minimum Government = Maximum Governance

    • Economic Policies will be Growth-oriented
    • Agenda for Growth 258 Rejuvenating India’s Manufacturing Sector and Employment Growth
    • Sustainable Fiscal Consolidation
    • Towards New Agriculture
    • Creating A Robust Innovation Ecosystem
    • Next-Generation Trade Reforms
    • Building India’s Human Resources
    • Modi’s 10-point Plan for India
    • Ease of Doing Business: Arresting the Slide
    • One Wrong Modi Can Set Right
    • India attractiveness report in 2014
    • Emerging cities that find favour include Ahmedabad 2017
    • The Modi Effect: All Arrows Point Upward
    • Indian Money in Swiss Banks

    4. India’s urbanisation challlenge

    • The way forward
    • Making it Easier
    • Outdated, and restrictive laws should be scrapped
    • A Plan for the New Government

    Chapter 6 : Argument and Counter Argument

    1. The Economics of Happiness, and Capability

    • Conclusion
    • Economic Indicators
    • Rising National Income Does Not Invariably Increase Life Satisfaction

    2. An Empowered Pension Regulator at Last
    3. Pension Benefits
    4. No broad-based recovery in industrial output
    5. Regulators Must Promote Not Strangulate Industry
    6. The current debate around the rupee is a perfect opportunity to revisit a classic debate between two titans: Friedman and Mundell
    7. P. Chidambaram says restriction on gold imports helped control current account deficit
    8. CSR Spending must for Firm in Black even if Its Group is in Red

    • Draft Rules Prescribed For Companies Act, 2013 309

    9. Narendra Modi wants to increase agricultural support price to guarantee 50% profits to farmers’
    10. Direct Benefits Transfer scheme
    11. ‘India‘ or ‘Bharat’ Or Both

    • Countries that have Changed Name

    12. India’s tech transformation: Making workers the winners
    13. Will Privatisation Help the Railway?
    14. Seeds of discontent over paddy support price
    15. Do not Rush into full rupee convertibility
    16. Devolution of More Revenue
    17. Land Acquisition
    18. Measures on black money a problem

    List of Nobel Memorial Prize laureates in Economics
    10 Indian Economist 3
    Top 10 Basic Economic Truths
    600 Muliple Choice Questions

Authored By
  • I. C. Dhingra, Nitin Dhingra
Author Info
  • The author IC Dhingra has a long term association with upsc for sample questions and study material. He is a renowed author on the subject economics also a professor in Delhi university . A prominent person associated with upsc I.C Dhingra has authored many books on economics and his books are recommended all over india at various levels .
Ratings & Reviews
202 Ratings &
33 Reviews
  • 5
  • 4
  • 3
  • 2
  • 1

Making upsc predictable

Much needed. It is very nicely written . Interesting and simple narration of different economic policies CIA TO LPG TO PPP . The author has divided the book in 3 sections intelligently explaining the impact of each five year plan on the economy .It also matches many questions asked in upsc 2012,2013 and 2014. It is a must buy for civil services in my opinion . 1 day delivery much appreciated Will be very useful for prelims & mains GS3 . Thanks.

Akash Singh

Certified Buyer, Gurgaon

20 Jun, 2015

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Very nice presentation. It is very useful for prelims and Mains

It is inclusive of prelims while focusing on mains. This is a very useful book for civil services .The authors have presented the material in a very easy to understand Language I would recommend to all aspirants.

Kriti Anvekar

Certified Buyer, Gurgaon

5 Nov, 2014

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Very Nice

Must For 2017 prelims and mains, it is updated and language is very easy.


21 Oct, 2016

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Worst experience ever!

Not recommend at all for UPSC standard. Just Copy Paste of Few basics and newspaper cutting collection and no symmetrical covering of topics. Don't waste time on this book. Better read Ramesh Singhs Indian Economy and cover current affairs in economics from Newspaper and Magazines plus economic survey.

Mohmad Anees Mir

6 Feb, 2017

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Slightly disappointed

Not recommended at all.......

Flipkart Customer

Certified Buyer, Jhansi

20 Nov, 2016

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Excellent book !

This is a new approach and is a different book as compared to books by other publishers .
It is a great approach for understanding the subject and is a must for aspirants of all competition exams who want to excel and really understand the topic indian economy.

vinod kumar

10 Sep, 2014

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Not recommended at all

This book lacks coherency...not useful

Flipkart Customer

Certified Buyer, Jaunpur

16 Feb, 2017

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Just okay

Book is good but paper quality is very bad

Rishabh Singhal

Certified Buyer, Gwalior

17 Oct, 2018

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Really Nice

Nicely presented all basics given.

Raman Kumar

21 Oct, 2016

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book is good bt flipkart's delivery is more catchy

Book is too good and wat actually is more satisfying it's flipkarts delivery .. everythings perfect ..
For book .. i would say any aspirant preparing for upsc civils must give it a read and if someone wants to read any other book which is not necessary but can go for ramesh singh .. reading both is more than enough for economy section for pre as well as mains ...


Certified Buyer, Udhampur

28 Nov, 2015

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All 33 reviews
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