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IE-IFS Memory Tricks PRO Economic Planning in Indi…
Mnemonic: 'H-D First, Maha Second'. First Plan = Harrod-Domar (Agri focus). Second Plan = Mahalanobis (Heavy Industry focus).
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547 Views
5-Year Plan Models Mnemonic
Economic Planning in India & NITI Aayog 547
WA 547
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Mnemonic '50 to 3': India and China held 50.5% of global GDP in 1000 AD, but British rule dropped India's share below 3% by 1947.
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They often test the exact percentage drop. Just remember the British era wiped out almost all of India's historical global GDP dominance.
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425 Views
Maddison Database GDP Trick
An Overview of Indian Economy 425
WA 425
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Remember: India is a 'Lower-Middle Income' economy as per World Bank, NOT a 'Low Income' one. Don't let poverty perception trick you.
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Exam Trap: India's PCI of $1891 (2019 data) places it firmly in the lower-middle tier. Always choose Lower-Middle in MCQs.
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313 Views
World Bank Classification Trap
An Overview of Indian Economy 313
WA 313
IE-IFS Memory Tricks FREE An Overview of Indian Eco…
Hindu Rate of Growth is NOT about demography or religion; it is Prof. Raj Krishna's term for the slow 3.5% economic growth from the 1950s-1980s.
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Exam Trap: If you see 'Hindu Rate of Growth', immediately link it to 'Raj Krishna' and '3.5% stagnant growth rate'.
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255 Views
Hindu Rate of Growth Reality
An Overview of Indian Economy 255
WA 255
IE-IFS Memory Tricks PRO Evolution of Indian Econo…
Real-life link: Think of your bank. Decades ago it financed mostly agriculture; now it heavily funds IT and services. This is 'Structural Change'.
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182 Views
Understanding Structural Change
Evolution of Indian Economy & Structural Changes 182
WA 182
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IE-IFS Memory Tricks PRO Evolution of Indian Econo…
Exam Trap: During COVID-19 lockdowns, 'Agriculture' was the ONLY resilient sector showing positive growth, while services and industry contracted heavily.
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168 Views
COVID-19 Sector Anomalies
Evolution of Indian Economy & Structural Changes 168
WA 168
IE-IFS Memory Tricks PRO Evolution of Indian Econo…
India faced 3 major economic shocks in 4 decades: 1991 BoP crisis, 2008 Global Financial Crisis, and 2020 COVID-19 pandemic.
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143 Views
The 3 Major Economic Shocks
Evolution of Indian Economy & Structural Changes 143
WA 143
IE-IFS Memory Tricks PRO Economic Planning in Indi…
Plan Holiday was 1966-1969. Why? War and Droughts! The 1965 Indo-Pak war and severe droughts drained the nation's finances completely.
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114 Views
Plan Holiday Logic
Economic Planning in India & NITI Aayog 114
WA 114
IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
Quaternary = 'Brain workers' (IT, R&D, Teachers). Quinary = 'Top Bosses' (Govt leaders, CEOs, Top policy makers).
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59 Views
Quaternary vs Quinary Sectors
Sectors of the Indian Economy 59
WA 59
IE-IFS Memory Tricks PRO Economic Planning in Indi…
Trap Warning: NITI Aayog has exactly TWO core hubs, not three. They are the 'Team India Hub' and the 'Knowledge and Innovation Hub'.
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52 Views
NITI Aayog Core Hubs Trick
Economic Planning in India & NITI Aayog 52
WA 52
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IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
Color Tricks: Pink = Prawns/Pharma. Yellow = Oil Seeds. Blue = Fish/Aqua. Golden Fibre = Jute. Silver Fibre = Cotton.
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Agricultural Revolutions Colors
Sectors of the Indian Economy 52
WA 52
IE-IFS Memory Tricks PRO Role of Priority Sector a…
Mnemonic for MSME limits: 1-5, 10-50, 50-250. (Investment vs Turnover in Crores). Both criteria MUST be met to qualify!
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MSME Definition Number Rule
Role of Priority Sector and MSME in the Indian Economy 52
WA 52
IE-IFS Memory Tricks PRO Infrastructure including …
NEP 2022 replaced the 34-year-old '10+2' school system with the new '5+3+3+4' structure. Memorize '5334' like a debit card PIN.
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51 Views
NEP 2022 Structure PIN Code
Infrastructure including Social Infrastructure 51
WA 51
IE-IFS Memory Tricks PRO Globalisation – Impact on…
GATT was replaced by WTO in 1995. Fact: India is a founding member of BOTH organizations from day one.
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WTO Founding Member Fact
Globalisation – Impact on India 51
WA 51
IE-IFS Memory Tricks PRO Economic Reforms
CAMELS stands for: Capital, Asset quality, Management, Earnings, Liquidity, Systems.
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51 Views
CAMELS Acronym Trap
Economic Reforms 51
WA 51
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IE-IFS Memory Tricks PRO Globalisation – Impact on…
Fair Globalisation relies on exactly 3 pillars: Economic development, Social development, and Environmental protection (ESG concept).
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The 3 Pillars of Fair Globalisation
Globalisation – Impact on India 48
WA 48
IE-IFS Memory Tricks PRO Infrastructure including …
Gati Shakti integrates exactly 16 Ministries (including Railways and Roadways) to create seamless multi-modal connectivity.
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PM Gati Shakti Scope
Infrastructure including Social Infrastructure 47
WA 47
IE-IFS Memory Tricks PRO Role of Priority Sector a…
PSL Target Trap: Domestic banks' target is 40%, but Regional Rural Banks (RRBs) and Small Finance Banks (SFBs) must hit a massive 75%!
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46 Views
PSL Target Trap for Banks
Role of Priority Sector and MSME in the Indian Economy 46
WA 46
IE-IFS Memory Tricks PRO Climate change, Sustainab…
CSR is legally mandated under Section 135 of the Companies Act, requiring exactly 2% of average net profits to be spent.
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46 Views
CSR Legal Mandate Basics
Climate change, Sustainable Development Goals (SDGs) 46
WA 46
IE-IFS Memory Tricks PRO Issues facing Indian Econ…
India's inequality is staggering: The Top 10% earn 57% of national income, while the bottom 50% earn a mere 13%.
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Extreme Wealth Inequality Stats
Issues facing Indian Economy 46
WA 46
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IE-IFS Memory Tricks PRO Economic Reforms
LAF (Repo/Reverse Repo) manages daily, short-term liquidity. MSS (Market Stabilization Scheme) absorbs massive, long-term foreign capital surges.
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45 Views
LAF vs MSS Liquidity Tools
Economic Reforms 45
WA 45
IE-IFS Memory Tricks PRO International Economic Or…
IMF acts as the 'ICU Doctor' for short-term currency/BoP crises. The World Bank acts as the 'Nutritionist' for long-term development and poverty.
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Bretton Woods Twins Roles
International Economic Organizations (World Bank, IMF, etc.) 45
WA 45
IE-IFS Memory Tricks PRO Role of Priority Sector a…
Out of the 18% agriculture PSL target, exactly 10% is strictly reserved for Small and Marginal Farmers (SMFs).
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Agriculture PSL Sub-targets
Role of Priority Sector and MSME in the Indian Economy 44
WA 44
IE-IFS Memory Tricks PRO Issues facing Indian Econ…
Jobless Growth: GDP rises, but employment stays flat. Why? Indian growth was led by capital/tech-heavy IT services, not labor-intensive factories.
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44 Views
The Jobless Growth Concept
Issues facing Indian Economy 44
WA 44
IE-IFS Memory Tricks PRO Sectors of the Indian Eco…
The Great Indian Paradox: Agriculture employs over 50% of people but yields under 20% of GDP. Services yields >50% GDP but employs far fewer.
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43 Views
The GDP-Employment Paradox
Sectors of the Indian Economy 43
WA 43
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IE-IFS Memory Tricks PRO International Economic Or…
India is a member of IBRD, IDA, IFC, and MIGA. India is NOT a member of ICSID (Investment Disputes).
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42 Views
World Bank Group Exception
International Economic Organizations (World Bank, IMF, etc.) 42
WA 42
IE-IFS Memory Tricks PRO Climate change, Sustainab…
India's pledged Net-Zero carbon emissions target year is 2070! (Not 2050 like many Western nations).
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42 Views
India's COP26 Net-Zero Year
Climate change, Sustainable Development Goals (SDGs) 42
WA 42
IE-IFS Memory Tricks PRO Economic Reforms
Narasimham I (1992) = CPR for sick banks (CRR/SLR cuts). Narasimham II (1998) = Gym training for strong banks (Global Capital Adequacy).
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Narasimham I vs II Commitments
Economic Reforms 40
WA 40
IE-IFS Memory Tricks PRO Foreign Trade Policy, For…
Greenfield = Building from scratch (Grass is green/new). Brownfield = Buying an existing, running company.
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Greenfield vs Brownfield FDI
Foreign Trade Policy, Foreign Investments and Economic Development 40
WA 40
IE-IFS Memory Tricks PRO International Economic Or…
Mnemonic 'YE PUD': Yen, Euro, Pound, US Dollar, and (Chinese) Dollar/Renminbi.
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39 Views
SDR Basket Currencies Trick
International Economic Organizations (World Bank, IMF, etc.) 39
WA 39
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IE-IFS Memory Tricks PRO Climate change, Sustainab…
There are exactly 17 SDGs comprising 169 targets to be achieved by 2030. They replaced the MDGs in 2015.
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SDG Target Numbers
Climate change, Sustainable Development Goals (SDGs) 39
WA 39
IE-IFS Memory Tricks PRO Foreign Trade Policy, For…
FDI is absolutely banned in: Lottery, Gambling/Betting, Chit Funds, and the Real Estate Business.
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Prohibited FDI Sectors
Foreign Trade Policy, Foreign Investments and Economic Development 38
WA 38
IE-IFS Memory Tricks PRO Globalisation – Impact on…
Protectionism is the 'Reverse Gear' of Globalisation. Tools include high Tariffs, Import Quotas, and domestic subsidies.
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Deglobalisation & Protectionism
Globalisation – Impact on India 36
WA 36
IE-IFS Memory Tricks PRO Issues facing Indian Econ…
Overdependence on Agriculture: It employs ~54% of the workforce but yields ~18% of GDP. Result = Disguised Unemployment.
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Disguised Unemployment Reality
Issues facing Indian Economy 36
WA 36
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JAIIB Memory Tricks 2026

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5-Year Plan Models Mnemonic Mnemonic: 'H-D First, Maha Second'. First Plan = Harrod-Domar (Agri focus). Second Plan = Mahalanobis (H… Maddison Database GDP Trick Mnemonic '50 to 3': India and China held 50.5% of global GDP in 1000 AD, but British rule dropped India'… World Bank Classification Trap Remember: India is a 'Lower-Middle Income' economy as per World Bank, NOT a 'Low Income' one. Don't let… Hindu Rate of Growth Reality Hindu Rate of Growth is NOT about demography or religion; it is Prof. Raj Krishna's term for the slow 3.… Understanding Structural Change Real-life link: Think of your bank. Decades ago it financed mostly agriculture; now it heavily funds IT… COVID-19 Sector Anomalies Exam Trap: During COVID-19 lockdowns, 'Agriculture' was the ONLY resilient sector showing positive growt… The 3 Major Economic Shocks India faced 3 major economic shocks in 4 decades: 1991 BoP crisis, 2008 Global Financial Crisis, and 202… Plan Holiday Logic Plan Holiday was 1966-1969. Why? War and Droughts! The 1965 Indo-Pak war and severe droughts drained the… Quaternary vs Quinary Sectors Quaternary = 'Brain workers' (IT, R&D, Teachers). Quinary = 'Top Bosses' (Govt leaders, CEOs, Top policy… NITI Aayog Core Hubs Trick Trap Warning: NITI Aayog has exactly TWO core hubs, not three. They are the 'Team India Hub' and the 'Kn… Agricultural Revolutions Colors Color Tricks: Pink = Prawns/Pharma. Yellow = Oil Seeds. Blue = Fish/Aqua. Golden Fibre = Jute. Silver Fi… MSME Definition Number Rule Mnemonic for MSME limits: 1-5, 10-50, 50-250. (Investment vs Turnover in Crores). Both criteria MUST be… NEP 2022 Structure PIN Code NEP 2022 replaced the 34-year-old '10+2' school system with the new '5+3+3+4' structure. Memorize '5334'… WTO Founding Member Fact GATT was replaced by WTO in 1995. Fact: India is a founding member of BOTH organizations from day one. CAMELS Acronym Trap CAMELS stands for: Capital, Asset quality, Management, Earnings, Liquidity, Systems. The 3 Pillars of Fair Globalisation Fair Globalisation relies on exactly 3 pillars: Economic development, Social development, and Environmen… PM Gati Shakti Scope Gati Shakti integrates exactly 16 Ministries (including Railways and Roadways) to create seamless multi-… PSL Target Trap for Banks PSL Target Trap: Domestic banks' target is 40%, but Regional Rural Banks (RRBs) and Small Finance Banks… CSR Legal Mandate Basics CSR is legally mandated under Section 135 of the Companies Act, requiring exactly 2% of average net prof… Extreme Wealth Inequality Stats India's inequality is staggering: The Top 10% earn 57% of national income, while the bottom 50% earn a m… LAF vs MSS Liquidity Tools LAF (Repo/Reverse Repo) manages daily, short-term liquidity. MSS (Market Stabilization Scheme) absorbs m… Bretton Woods Twins Roles IMF acts as the 'ICU Doctor' for short-term currency/BoP crises. The World Bank acts as the 'Nutritionis… Agriculture PSL Sub-targets Out of the 18% agriculture PSL target, exactly 10% is strictly reserved for Small and Marginal Farmers (… The Jobless Growth Concept Jobless Growth: GDP rises, but employment stays flat. Why? Indian growth was led by capital/tech-heavy I… The GDP-Employment Paradox The Great Indian Paradox: Agriculture employs over 50% of people but yields under 20% of GDP. Services y… World Bank Group Exception India is a member of IBRD, IDA, IFC, and MIGA. India is NOT a member of ICSID (Investment Disputes). India's COP26 Net-Zero Year India's pledged Net-Zero carbon emissions target year is 2070! (Not 2050 like many Western nations). Narasimham I vs II Commitments Narasimham I (1992) = CPR for sick banks (CRR/SLR cuts). Narasimham II (1998) = Gym training for strong… Greenfield vs Brownfield FDI Greenfield = Building from scratch (Grass is green/new). Brownfield = Buying an existing, running compan… SDR Basket Currencies Trick Mnemonic 'YE PUD': Yen, Euro, Pound, US Dollar, and (Chinese) Dollar/Renminbi. SDG Target Numbers There are exactly 17 SDGs comprising 169 targets to be achieved by 2030. They replaced the MDGs in 2015. Prohibited FDI Sectors FDI is absolutely banned in: Lottery, Gambling/Betting, Chit Funds, and the Real Estate Business. Deglobalisation & Protectionism Protectionism is the 'Reverse Gear' of Globalisation. Tools include high Tariffs, Import Quotas, and dom… Disguised Unemployment Reality Overdependence on Agriculture: It employs ~54% of the workforce but yields ~18% of GDP. Result = Disguis…
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