Economics Book for UPSC - Prelims, Mains & Optional

By Shubhra Anand Jain|Updated : March 28th, 2022

The Economics Book for UPSC covers both macro and microeconomics and includes topics such as economic growth and development, poverty, demographics, social issues, and many more that are crucial from the UPSC exam point of view. In addition, the knowledge gained from Economics Books for UPSC would be valuable for the Civil Servants as they give a boarder picture of the common issues faced in society. 

As there are tons of economics books available in the market, it becomes overwhelming for the candidates to choose the right ones. That is why we have prepared a list of the Best Economics Books for UPSC. Economics is included in every stage of the UPSC exam, and that’s why you need the best economics books for UPSC materials by your side while covering the economics section. Let’s check out the recommended Economics Books for UPSC Prelims, Mains, and Optional below.

Table of Content

Economics Book for UPSC Prelims

As we have mentioned above, economics is a part UPSC Prelims Syllabus, and it covers topics like Economic and Social Development, Poverty, Demographics, Social Issues. etc. Below is the complete list of Economics books for UPSC Prelims, that would help the candidates to cover these above-mentioned topics. 

  • NCERT - Class 11 India’s Economic Development
  • Indian Economy by Nitin Singhania or Indian Economy by Ramesh Singh
  • Economic Development & Policies in India – Jain & Ohri

Along with the UPSC Economics Books, candidates must be well prepared with the current affairs, Indian Budget, and Economic Survey. 

Economics Book for IAS Mains

Candidates have to deal with the economics section in the UPSC Mains Syllabus for GS Paper 1. The Mains exam focuses mostly on the Indian Economy, Budgeting, Infrastructure, etc. 

Here is the Best Economics Book for UPSC Mains that will help you fetch good marks. It is important to note here that in UPSC Syllabus for Economics, the focus must be on conceptual clarity and current affairs. You do not need to refer to all the UPSC Books mentioned here. After going through a few books, you will see an overlap in topics. Therefore, choose the best book that suits your exam preparation. 

  • Indian Economy by Ramesh Singh
  •  Indian Economy Key Concepts by Sankarganesh K
  • The Indian Economy by Sanjiv Verma
  • Indian Economy by Datt and Sundharam’s 
  • Indian Economy by Uma Kapila
  • India’s Struggle for Independence by Bipan Chandra

UPSC Economics Optional Books

In order to excel in the Economics Optional exam, you are required to go through the UPSC Economics Optional Books to have an in-depth study of this subject. The question in the optional papers have a difficulty level of moderate to difficult, and hence solid preparation is required. 

Some of the recommended Economics books for UPSC Optional are as follows:

  • Indian Economy – R. Dutt and KPM Sundaram
  • Banking – S.B. Gupta
  • Dictionary of Economics – Graham Bannock; T.E. Baxter, Ray Rees
  • Economic Growth and Development – Mayer and Baldwin
  • Economic Survey: Twelve Five Year Plan: New Industrial Policy – Government of India
  • Indian Economy – Ramesh Singh
  • The Indian Economy – Sanjiv Verma
  • Indian Economy – Mishra and Puri
  • Economics – Paul A. Samuelson
  • Economics Choice – Koutsweanik
  • Growth and Development – M L Jhingan
  • International Economics – Bo Soderston
  • International Economics – H.G. Mannur or Salvatore
  • International Trade – Bo Soderston
  • MacroEconomic Analysis – Edward Shapiro
  • Modern Banking – R.S. Sayers
  • Monetary Theory and Public Policy – Kenneth Kurihara
  • Money Supply in India: Concepts, Compilation, and Analysis: Functions and Working – Reserve Bank of India

Economics Book for UPSC PDF

As you can see the list of UPSC economics optional books is quite long, and there are many good books you can refer to in every stage of the UPSC exam. To make things simpler for you we have provided a PDF for the Economics booklist below. 

>>UPSC Economics Booklist PDF

How to Prepare with Economics Book for UPSC

To begin exam preparation with Economics Books for UPSC, you should follow this strategy in order to fetch good marks in the economics section. Some of the preparation tips are given below. 

  • You can study from the NCERTs books which will make you understand the basics concepts of Economy clearly such as Indian Economy by Ramesh Singh and many more.
  • Make sure you understand the basic concepts and terms such as Growth, inclusion, Development, and many more.
  • Always read a newspaper daily in order to update your knowledge with respect to the country’s recent economic development.
  • Focus on clearing important topics of Economics such as banking, Human development, money supply, and others as understanding the basic concepts is very essential for the aspirants to score well in the exam.
  • Go through the Best Books for Economics for preparation so that you can understand the concepts properly and complete the Economics Syllabus for UPSC in a timely fashion. 
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Economics Book for UPSC FAQ's

  • There are many Economics books for UPSC available on the market, but not all of them are useful for UPSC Exam. If you are a beginner, you must give one reading to NCERT Class 11- India’s Economic Development. It will provide good basic knowledge of the subject. Few preferred UPSC Economics books are Indian Economy by Ramesh Singh, The Indian Economy by Sanjiv Verma, Indian Economy by Mishra and Puri, and many more.

  • The Indian Economy by Ramesh Singh is one of the highly recommended Economics Books for UPSC. It is a book that has comprehensive text and is detailed coverage of all the topics in the UPSC Prelims and Mains. The book is very exhaustive and aspirants must refer to the latest edition to get updated information on Budget and Survey. 

  • Some of the highly recommended Economics Book for UPSC in Hindi are mentioned below. You must go through the books to choose the best that suits your exam preparation. The UPSC Economics books mentioned below are very well researched and easy to understand. 

    • भारतीय अर्थव्यवस्था by रमेश सिंह
    • भारतीय अर्थव्यवस्था by मिश्रा और पुरी
    • भारतीय अर्थव्यवस्था by उमा कपिला
    • भारतीय अर्थव्यवस्था by दत्त और सुंदरम
    • भारतीय अर्थव्यवस्था by संजीव वर्मा
  • The macroeconomics section of the UPSC economics optional syllabus covers topics such as Approaches to Employment Income and Interest Rate determination, Keynes (IS)-LM) curve, and more. The best Economics Book for UPSC to cover macroeconomics is Macroeconomics Analysis – by Edward Shapiro.

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