Economics as a subject is technical, conceptual, and rational along with everlasting contemporary relevance. Establishing a foundation by mastering the most fundamental concepts of Economics takes time in comparison to other General Studies subjects. Economics becomes more challenging as there are strong interlinkages across various topics and sub-topics of the subject which requires strong fundamentals and holistic learning of the subject.
UPSC over the years has consistently asked 20-25% questions in Prelims and around 10 questions in GS-III Mains from Economics. So, Economics as a subject is both challenging and rewarding if prepared well enough.
At the preliminary level, the syllabus revolves around national income accounting, economic growth and development, poverty, inclusion, demographics, fiscal policy, social issues, and current events.
However, the Main Exam General Studies Paper-III places a strong emphasis on planning, types of resources, growth and development, employment, inclusive growth, and the challenges that arise from it, government budgeting, Indian land reforms, the implications of liberalization on the economy, the Industrial Policy and its effects on growth, infrastructure, and investment models.