Economics Book For UPSC provides a detailed understanding of important topics like economic growth, poverty, development, and other related issues. The economy is one of the important subjects for the UPSC IAS exam as it is covered in GS Paper-1 of UPSC Prelims and General Studies Paper-3 Syllabus of UPSC Mains, it is also one of the optional subjects in the Mains exam. So, it becomes necessary to get the best economics books for UPSC exam, but as there are many options available in the market, candidates usually get confused while picking them. So, to help them out we have provided a list of Indian Economy Books for UPSC in this article below.

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8 Best Economics Books For UPSC

The list of Best Economics Books UPSC is listed below.

1.) Indian Economy By Ramesh Singh

This Indian Economy book is a must for UPSC aspirants. It helps to cover the basic fundamental aspects of the Indian economy for the Prelims and Mains exam stages.

2.) Indian Economy For Civil Services By Nitin Singhania

The book is good for understanding the facts and concepts of the Indian Economy from the basic level to the high level.

3.) The Indian Economy By Sanjiv Verma

It is one of the best economy books for those who are not from an economic background. The economics concepts are explained in an easy way with the help of examples. The chapters are further divided into important topics based on the new pattern of the UPSC exam.

4.) Indian Economy By Mishra & Puri

Mishra & Puri for the Indian economy is among the Best Indian economy books for UPSC. It provides an in-depth analysis of economic-related terms and terminologies.

5.) Indian Economy By Datt & Sundharam

Datt & Sundharam Indian Economy gives a complete and holistic picture of the economic condition of India. The book is useful for UPSC Mains and Economics optional candidates.

6.) Banking By S.B. Gupta

The book is essential for UPSC Prelims and Mains exams as it contains all the micro-economic and macro-economic aspects of the Indian economy.

7.) Dictionary of Economics By Graham Bannock, T.E. Baxter, Ray Rees

The book contains a lot of explanations of economic terms and concepts and one of the most amazing features of this book is that it contains diagrams that are easy to understand for UPSC aspirants.

8.) Economic Growth and Development By Mayer and Baldwin

This book provides an analysis of economic development and explains the national economic concept. UPSC aspirants with economics optional can buy this book for writing quality answers.

Economics Books For UPSC - Other Resources

UPSC IAS exam covers the economy subject in all three stages of the exam: Prelims, Mains and Personality Test. Some of the best economics books for UPSC Prelims, Mains, and optional exams are listed below.

Economics NCERTs

UPSC aspirants must read NCERT books for classes 11 to 12. They are the best economics books for UPSC prelims. It will educate them on the basic fundamentals of the Indian economy that will help in solving questions in the UPSC prelims exam.

Economic Survey 

Economic Survey is essential from both the UPSC Prelims and Mains exam points of view. Every year questions regarding inflation, national income, monetary policy, and fiscal policy are asked in the exam.

Union Budget 

The questions related to the union budget can be seen in both UPSC Prelims and Mains. Some of the important questions regarding the allocation of financial resources, tax budget, and other important financial-related terms containing 5-10 marks are asked in the exam which can be answered easily if you have read Union Budget.

Macroeconomic Analysis By Edward Shapiro

Macroeconomic Analysis is among the best book listed for economics optional UPSC. It contains important topics of macroeconomic economics such as national income accounting; Macroeconomic theory: determination of national income and output; Cycles, growth, and stabilization.

Monetary Theory and Public Policy By Kenneth Kurihara

This is one of the best books for economics for UPSC Mains. It provides an extensive examination of monetary theory and its implications for public policy for UPSC mains answer writing and economics optional subject.

Standard Newspapers – The Economic Times

The Economic Times and Economical and Political Weekly should be read regularly in order to stay updated with the current national and international affairs related to economics for the UPSC exam.

Important Topics to Prepare with Economics Books for UPSC

Some of the important topics to prepare with the help of economics books for UPSC are listed in the table below.

Importance Of Economics Books for UPSC

The UPSC Economics Syllabus is vast and very important in terms of the UPSC exam. It is important to know the best book list in order to cover the entire syllabus in a short span of time and score well in the examination. Economics subject constitutes topics of both advanced macroeconomics and advanced microeconomics. It covers topics such as Money- Banking & Finance, Growth & Development, Poverty, Demographics, and international economics. A list of Economics books for UPSC will help cover important topics and score good marks in the exam.

Must read – How to prepare economics for UPSC exam?

How To Make Notes Using Economics Books For UPSC?

How To Make Economics Notes For UPSC is an important question for every UPSC aspirant as the subject is vast and notes are a must for end-time revision. Economy Books for UPSC can be utilized to make quality notes for Economy for UPSC exam preparation. You can follow the tips below to prepare good notes for the Economy.

• NCERT Economics Books: NCERTs are a great source to make notes of the basics of economics. UPSC aspirants can analyse the IAS Economics Previous Year Papers and the important and repeated topics can be noted down for further study and revision.
• The Economic Times and Economical and Political Weekly: Current events constitute an important part of the UPSC Economics Prelims Syllabus therefore, candidates should make notes of important current affairs to revise them further.
• Economic Survey: Every year questions on the economic survey and union budget carrying 10-15 marks are asked. Candidates can go through the economic survey and union budget and can make notes on government schemes, Growth, GDP estimates, and statistics of the service and Industrial sectors.
• Aspirants should concentrate on reading NITI Aayog Reports, Inflation, Tax Structure, and Banking Reforms and writing their analyses and ideas on these topics in their notes. This will help in framing better answers in the Mains exam.

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