Economics Book for UPSC: List of Best UPSC Economics Books

By BYJU'S Exam Prep

Updated on: November 14th, 2023

Economics Book for UPSC both micro and macroeconomics, providing a comprehensive understanding of essential topics such as economic growth, development, poverty, and other relevant issues. The best Economics Book for UPSC can make a significant difference in your preparation for all three stages of the UPSC exam, including Prelims, Mains, and the Personality Test. However, with so many options available in the market, choosing the right Economics Books for UPSC can be a daunting job.

In this article, we’ll guide you through the Best Economics Books for UPSC and efficient methods for studying them for better results. We have segmented the UPSC economics books for Prelims, Mains, and also for the optional subject. Candidates can surely rely on this chosen booklist, and ace the economics section of the Civil Services Exam.

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, and Social Issues. Etc. We have mentioned some highly recommended economics books for UPSC below that will be highly beneficial during UPSC Prelims preparation.

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

Along with the Economics Book for UPSC, candidates must be well prepared with the current affairs, Indian Budget, and Economic Survey to fetch good marks in UPSC Prelims

Read: Difference Between Union Budget and Economic Survey

Economics Books for UPSC Mains

Candidates have to deal with the economics section in UPSC GS 3 Syllabus. The Mains exam focuses mostly on the Indian Economy, Budgeting, Infrastructure, etc. Here is the Best Indian economy book for UPSC that will help you fetch good marks. It is important to note here that, the focus must be on conceptual clarity and current affairs.

  • 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 Books for Optional Subject

Economics is a part of the Optional Subjects for UPSC. In order to excel in the Economics Optional paper, you are required to go through the UPSC Economics Optional Books to have a thorough understanding of the topics. The question in the optional papers has a difficulty level of moderate to difficult, and hence solid preparation is required. Some of the highly recommended UPSC optional economics books are mentioned below.

  • 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
  • Economics Choice – Koutsweanik
  • Growth and Development – M L Jhingan
  • International Economics – Bo Soderston
  • Macroeconomic Analysis – Edward Shapiro
  • Modern Banking – R.S. Sayers
  • Monetary Theory and Public Policy – Kenneth Kurihara
  • Indian Economy – Ramesh Singh

Must-Have Economics Books for UPSC

The economics section in the UPSC exam covers a wide range of topics, including microeconomics, macroeconomics, international economics, public economics, and developmental economics. Aspirants need to have a clear understanding of the concepts to perform well in the exam. Below mentioned are the must-have Economics Books for UPSC, that help candidates develop solid conceptual clarity on various economics topics.

  • Indian Economy by Ramesh Singh – This book is considered the Bible for the Indian economy. This Indian economy book for UPSC includes all the important topics related to the Indian economy, including economic reforms, planning, and budgeting.
  • Macroeconomics by Gregory Mankiw – This book provides a comprehensive overview of macroeconomics, including topics such as inflation, monetary policy, and economic growth.
  • International Economics by Dominick Salvatore – This economic book provides a comprehensive introduction to international economics, including topics such as trade, exchange rates, and international finance.
  • Public Finance by Harvey S. Rosen – This book covers topics related to public finance, including taxation, government expenditure, and budgeting. It is a must-read for those who want to understand the role of the government in the economy.
  • Development Economics by Debraj Ray – This book covers topics related to development economics, including poverty, inequality, and economic growth. It provides a comprehensive overview of the subject and is written in an easy-to-understand language.

How to Cover Economics Books for UPSC?

To begin exam preparation with the economy book 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 basic concepts of the 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 for UPSC 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 some advanced-level Books for Economics so that you can understand the difficult concepts with examples and complete the Economics Syllabus for UPSC timely.

Important Topics From Economics Books for UPSC

Candidates need to cover the Economics Book for UPSC as per the syllabus. It is recommended to give equal attention to all the topics mentioned in the syllabus however there are some topics that must be prioritized. The important topics to cover in the Economics Books are :

Note-Making with Economics Book for UPSC

Candidates would require short hand-written economics notes during the revision process. The note-making process, with the help of UPSC economics books, can be challenging, as there is a wide range of topics. To make the process simpler for the candidates, we have mentioned some tips on how to make notes from Economics Book for UPSC.

  • Choose one topic from the economics book.
  • Don’t try to make notes with so many UPSC economics books at a time
  • Read the Economics Book for UPSC first, and then make notes the second time you read them
  • Make bullet points, and keep the notes short and crisp.
  • Apart from the economy book for UPSC, use current affairs as a part of your note-making.
  • Make hierarchy charts or flowcharts.
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