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[Economic Survey 2015-16] : How to read the Economic Survey?

How to read the Economic Survey?

Volume - 1 = 11 Chapters

Volume - 2 = 09 Chapters

how to start ?
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Comments

  • - thanku @vinet


    How to read the Economic Survey - Volume 1

    Economic survey for 2015-16 has been released. As we all know, it’s a very important document for exam purposes. You can download it for FREE from here.

    As with the last year, this year’s survey is a two volume book. Volume one deals with conceptual and analytical issues while volume two deals with the state of economy and sectors of economy in some detail with more focus on immediate issues and statistics. I have just finished reading volume one and I am going to discuss how to read this document effectively.

    There are 11 chapters in the volume one. Every chapter is important, so sit tight and read one chapter at a time and take notes. Except for chapter 1 which is some 36 pages long, every other chapter is only 9 to 13 pages long which will take about 45 min to 1 hour each for reading and taking notes.

    Chapter one basically gives broad overview of the economy, challenges and opportunities, analyses pros and cons of rapid fiscal consolidation. It also gives glimpses of what to expect from the subsequent chapters. I will suggest, you all begin with chapter one.

    Three most enlightening chapters of the survey are-

    Chapter 2, The Chakravyuha Challenge of the Indian Economy – It highlights the problem of difficult exit of firms just as Abhimanyu could not exit from Chakravyuha. The survey aptly describes it as “From socialism with restricted entry to “marketism” without exit“.Chapter 6, Bounties for the Well-Off – It’s a real eye opener and describes in detail government subsidies (implicit and explicit) for the well off section of society, what could only be described as Socialism for the rich and Capitalism for the poor.Chapter 7, Fiscal Capacity for the 21st Century – Best chapter of the survey by many miles. It would clear all your doubts regarding government taxation and expenditure, whether government spends less or more and how middle class simply exits from the state if state’s role is seen as primarily distributional.

    All other chapters are equally great but I found these three very different and interesting.

    Some do’s and don’ts

    Don’t try to finish the survey or even first volume in one go, read one chapter at a timeYou should read volume one from cover to cover. It’s very interesting and will help you in essay, paper 2, paper 3 as well as paper 4, yes in ethics paperVolume two is not that important. What is to be read from that will be updated tomorrowTake simultaneous notes while reading a chapter, note down important points and doubts and get them resolved in doubts clearing forumMany times, the stuff put in the box have been directly asked in Mains. Do read them properly. But some box are highly technical, for instance first two boxes of chapter one, no need to go into nitty-gritty of them. Just try to understand the basic idea.

    These could be the best 150 pages you would ever read for exam purpose. So, don’t wait for the substandard summaries to arrive in the market. You all have ample time before prelims, start reading one chapter a day. You will gain immense knowledge.

    Of course, we shall be covering important portions of survey here at CD but you should read the full volume, especially the three chapters I mentioned.

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    How to read the Economic Survey - Volume 2

    Having already discussed how to best read volume one of economic survey, I shall now discuss, what to focus on and what to leave in the volume two of this amazing document.

    Those who haven’t read part one, don’t move ahead without reading part one – How to read the Economic Survey

    At the very outset let me tell you that volume two is not that interesting and is full of facts and figures and not much of analysis. Hence only selective reading is recommended.

    There are nine chapters in volume two which basically cover happenings in the economy during last one year with some forward guidance. Chapters are pretty longish with most of them crossing 20 pages (only 9-13 pages in volume one).

    Chapter one gives broad overview of the economy and glimpses of what to expect from the subsequent chapters. After that there are chapters on fiscal policy, monetary policy, external sector, agriculture, economy and services, climate change and human development. As I have already mentioned, there’s not much of analysis and most of the chapters make for very boring reading and not much important for examination.

    There’s only one chapter which I would recommend you to read line to line, for every word is a virtual gold mine and that chapter is chapter eight, climate change and sustainable development. Please note down important points and try to understand the analysis of double counting of aid as climate finance, why CDM market is down and various issues associated with green finance.

    What else to study?

    As mentioned in the part one, boxes are important. But in this volume many boxes are rubbish. I am highlighting not to be missed boxes, rest you can skim through. Box 1.1, 2,3, 3.2, 3.3, 3.4, 3.5, 4.1(very imp), 4.2, 4.3 (very very imp), 5.1, 5.2, 6.1, 6.2 (very imp), 6.4 (imp), 6.5, 6.6, 7.1 (read), 7.2 (only first part related to medical tourism), 9.2.9.3 Following selected portions are recommended for line to line reading Pathways to productivity in agriculture in chapter five from 5.26 to 5.61,Tourism including medical tourism in chapter seven from 7.25 to 7.29Issue of women employment, unpaid work and care economy in chapter nine from 9.5 to 9.23Draft bankruptcy code on page no. A 4 of statistical appendix

    What else is important in volume two?

    Authentic data about GDP growth, share of agriculture, industry and services in GDP and employment, savings, investment, gross fixed capital formation, major export and import items, major trading partners etc.

    Data is dispersed in the survey so, let us make it easier for you. We will bring to you all the important data at one place as we cover economic survey chapter by chapter. In the meantime, start reading volume one from cover to cover for as I said before, they could be the best 150 pages you would ever read for exam purpose.
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  • How to read the Economic Survey
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    How to read the Economic Survey.pdf
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  • Thanks a lot :)
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  • How to read the Economic Survey

    Thanks.but how to start the economy for both prelims and mains?can you give a broad map for economy i.e from where to start and how to link the concepts.which books to refer?
    Thanks in advance
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  • @shrikanth.... Start off with the two ncerts macro economics, and indian economic development. Then read any basic text for indian economy like sriram or ramesh singh or any other. For history of economy you can read uma kapila.... Along with these, always make sure that you are economy section of the newspaper or one business newspaper.... Remember, mostly economy questions are mostly easy, so dont go into a lot of useless technical stuff.
    PS: read economic survey too from start to end
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  • edited February 2016
    Economic Survey 2015-16 book
    Survey_2752519g.jpg
    573 x 430 - 32K
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  • @shrikanth.... Start off with the two ncerts macro economics, and indian economic development. Then read any basic text for indian economy like sriram or ramesh singh or any other. For history of economy you can read uma kapila.... Along with these, always make sure that you are economy section of the newspaper or one business newspaper.... Remember, mostly economy questions are mostly easy, so dont go into a lot of useless technical stuff.
    PS: read economic survey too from start to end

    1)how about march of indian economy by ic dhingra?
    2)is it okay to refer mrunal economy videos if yes when to start ?

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  • @shrikanth
    1) IC Dhingra.... No idea... have not read... may be others here can help
    2) Mrunal: Videos are good. you can watch them. Personally, I am not a big fan of videos, because watching videos is a one way process. Soon, people just lay back and watch videos. But reading books is a two way process where you internalise things faster.
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  • @shrikanth
    1) IC Dhingra.... No idea... have not read... may be others here can help
    2) Mrunal: Videos are good. you can watch them. Personally, I am not a big fan of videos, because watching videos is a one way process. Soon, people just lay back and watch videos. But reading books is a two way process where you internalise things faster.

    thanks

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  • plzz...Tell me about..INDIA Year book..which chapters are more imp....or i should read whole book properly....
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  • edited February 2016

    [Mod Note:Content deleted.Breach of Forum's rule.Read Rule No. 2(iii).Your first 5 posts on the community cannot contain links to other websiteshttp://discuss.forumias.com/discussion/381/new-to-forumias-please-read-this-rules-of-posting-in-the-forum/p1 ]
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  • @shrikanth In my view don't go for dhingra, better combination could be ncert , mrunal video then Ramesh or sriram..
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  • Ye sab to civilsdaily.com se liya gya hai...
    BAN ALL INSIDERS
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  • focus4ias said:


    [Mod Note:Content deleted.Breach of Forum's rule.Read Rule No. 2(iii).Your first 5 posts on the community cannot contain links to other websiteshttp://discuss.forumias.com/discussion/381/new-to-forumias-please-read-this-rules-of-posting-in-the-forum/p1 ]

    mod - i just meant to say that it was a cut/ copy - paste from civilsdaily
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  • focus4ias said:

    focus4ias said:


    [Mod Note:Content deleted.Breach of Forum's rule.Read Rule No. 2(iii).Your first 5 posts on the community cannot contain links to other websiteshttp://discuss.forumias.com/discussion/381/new-to-forumias-please-read-this-rules-of-posting-in-the-forum/p1 ]

    mod - i just meant to say that it was a cut/ copy - paste from civilsdaily
    @root if any prob in my content then stop this group .... what i got msg just share neither i want to promote any dot com or website. normally help others, if you saw in my file no dot com name or any website name.

    i'm like you aspirant not doing business here...
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  • @nexgen bhai .. critically analyse karo.. mene padhe nhi abhi.. review le rha hun padhne se pahle..lamba chauda hai civilsdaily wala to ek hi chapter
    BAN ALL INSIDERS
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  • bhai eco survey pad lo bass our kuch nahi chahiye karne ko.... eco basics revise ho jaatey hain
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  • @nexgen bhai .. critically analyse karo.. mene padhe nhi abhi.. review le rha hun padhne se pahle..lamba chauda hai civilsdaily wala to ek hi chapter

    yeah @Abcdxyz123 .. padh liya summary.. theek thak lagi mujhe.. i prefer analysing before reading the survey in depth.. civils wala bhi padh lenge.. thanks!
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  • nexgen said:
    thanks People for the good update..
    And I just way that iaspro .com has released first consolidated chapter of economic survey, was easy to read hope they continue with other chapters..
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  • Can somone suggest me how to summarise and make notes from economic survey and budget
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