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अर्थशास्त्र

Indian Economy and Planning

How the economy is measured, financed and planned.

भारतीय अर्थव्यवस्था आणि नियोजन

About this subject

Economics for MPSC mixes concepts (national income, inflation, fiscal policy) with facts about Indian institutions. Master the concepts first; the facts then become easy to place.

Keep a short list of recent policy changes, since economic data and schemes change often. Always confirm current figures from official publications.

This is a study map, not the official syllabus. Check the current syllabus and notices on the MPSC website.

Topic map

  • Basic concepts

    • Economic systems
    • National income concepts
    • Economic growth and development

  • Money and banking

    • Functions of the Reserve Bank of India and monetary policy
    • Inflation: causes, measures and control
    • Structure of the banking system

  • Public finance

    • Budget concepts and deficits
    • Taxation, including GST
    • The Finance Commission

  • Planning and development

    • Five Year Plans and the move to NITI Aayog
    • Poverty and unemployment
    • Human development

  • Sectors and trade

    • Agriculture, industry and services
    • Foreign trade and balance of payments basics

  • Economy of Maharashtra

    • Sectoral structure of the state economy
    • The annual Economic Survey of Maharashtra published by the state government

Previous year question analysis

We publish topic counts only after checking them against the actual question papers, so this section is empty for now. Use the topic map above and the official papers on the MPSC website.

Free reading

Study guides for this subject are on the way. Meanwhile, see all articles.

Study material for Indian Economy and Planning

Where to verify

Last updated 7 Nov 2026.