This Indian Economy always plays vital role in every man’s day to day life. The Economy is the financial conditions of the various sectors of the country. It helps in finding out the financial condition of the population and different sectors. Moreover, with the help of economical study it’s been easy to compare status between two different countries.
The aspirants who start up with their preparation can first focus on some terms like GNP, GDP, NNP, PI, NI, Etc. Thus it will give you better and basic knowledge about the subject for those who are science group students. Later, do make preparation on plans and commission to develop India. From this Indian Economy , the question paper of Group 4 consists of maximum of 5 to 7 Questions. Now we are going to discuss about the shortcut tricks to make memorise about all 5 year plans from the year 1951 to till date as follows,
FIVE YEAR PLANS: (Important facts from First to Eleventh five year plan)
1) FIRST FIVE YEAR PLAN (1951 -56)
SHORTCUT: SIPCOT
S – SOCIAL SERVICE
I – INDUSTRY
P – POWER
Co – Communication
T – Transport
2) Second five year plan (1956 -61)
SHORTCUT : MADRAS
M – Mahalanobis Model
A – Atomic Energy Commission
D – Durgapur steel company, Tata Inst of Fundamental Research
R – Rourkela Steel Company, Rapid Industrialisation
A – Agriculture
S – Socialistic Pattern of Society
3) Third five year plan (1961-66)
SHORTCUT : SAD
S – Self Reliance
A – Agriculture
D – Development of Industry
5) Fifth five year plan (1974-79)
SHORTCUT : PSTM (Persons Studied in Tamil Medium)
P – Poverty Eradication
S – Self reliance
T – Twenty Point Programme
M – Minimum Need Programme
6) Sixth five year Plan (1980-85)
SHORTCUT : MAIL
M – Management
A – Agriculture production
I – Industry production
L – Local Development Schemes
7) Seventh Five year plan (1985-90)
SHORTCUT : EFGH (the alphabets)
E – Employment generation
F – Foodgrain production was doubled
G – Jawahar Rozgar Yojana (1989)
H – Hindu rate of Growth
8) Eighth Five year plan (1992-97)
SHORTCUT : LPG
L – Liberalisation
P – Privatisation
G – Globalisation
9) Ninth five year plan (1997-2002)
SHORTCUT : ESPN
E – Employment for Women, SC’s and ST’s
S – Seven Basic minimum service
P – Panchayat Raj Institutions, Primary Education, Public Distribution System
N – Nutrition Security
11) Eleventh five year plan (2007 -2012)
SHORTCUT : TEACHERS
T – Telecommunicatons (2G)
E – Electricity, Environment Science
A – Anemia
C – Clean water
H – Health education
E – Environment Science
R – Rapid growth
With this also, concentrate on all social welfare schemes and women empowerment programmes introduced by both state and central government. It’s very important to know about various and different types of revolution in agriculture and production industries such as few examples are White Revolution for Milk and Dairy products and likewise Black revolution for Petroleum Products. You also need to know all updates on ranking and percentage wise details in all categories like insurance, banking, shares, new schemes & policies etc. when coming to ranking of various industries, u need to know atleast top 10 ranks in all major industries such as Cotton, Jute, silk & Sugar industries. Global indices, Share Market, Trade, Banks and other world wise organisations details are also need to be known as basic foundation in Indian Economy .
The currency topic is also said to be important because there is also some terms such as inflation, deflation, etc are repeatedly asked in all exams. This Indian Economy portion mainly asked from Five year plan, revolution, significant terms and Population of India. The census to count the whole population of India includes Literacy rate, Sex ratio, District wise population and state wise ranking in population, etc.to sort out financial condition of one’s country. Thus in such a way, you aspirants have to prepare themselves from home. Please make a note on detailed syllabus of Indian Economy study materials for your reference. Plan, schedule and make preparation. All the very best to all aspirants.
Download _ TNPSC Indian Economy MATERIAL PREPARED BY ARCHANAKUMAR
Samacheer Kalvi Book Notes [ 6th, 7th, 8th, 9th, 10th, 11th 12th Std]
6th to 12th Std Samacheer Kalvi Complete Notes Updated Here. Useful for All competitive exams – Tnpsc, Bank, Upsc, SSC…etc.
- Indian Economy an Introduction
- Factors of Production
- Money Savings and Investment
- Demand and Supply
- Equilibrium Price
- National Income
- Indian Economy Before and After Independence
- Economic Growth and Development
- Population
- Poverty and Unemployment
- Economic Planning
- Agriculture
- Industrial Sector
- Banking
- Foreign Trade
- Human Resource Development
- Monetary Policy
- Fiscal Policy
- Indian Economy Online Model Test
