The banking system is the backbone of a nation’s economy, facilitating secure financial transactions, savings, credit, and investment. It includes institutions like commercial banks, central banks, cooperative banks, and regional rural banks, each playing a vital role in financial inclusion and economic development. Efficient and regulated, the banking system helps individuals, businesses, and governments manage money, access loans, and invest in growth.

Fiscal policy refers to the government's use of revenue collection (taxation) and expenditure to influence a country's economic activity. It plays a key role in managing inflation, promoting economic growth, and ensuring stability by adjusting spending levels and tax rates.

This topic covers essential economic terms like GDP (Gross Domestic Product), GNP (Gross National Product), Inflation, and Deflation. Understanding these indicators helps in analyzing a country’s economic performance, price stability, and overall financial health.

Discover the engine of economic growth—Industry. From manufacturing and mining to IT and infrastructure, this section showcases how diverse industries contribute to employment, innovation, and national progress.

Monetary policy refers to the process by which a country's central bank, such as the Reserve Bank of India (RBI), controls the money supply, interest rates, and liquidity to maintain price stability and support economic growth. It plays a vital role in managing inflation, regulating credit flow, and ensuring overall financial stability in the economy.

This topic covers the evolution of economic planning in India, focusing on the role of the Planning Commission, the significance of Five-Year Plans (1951–2017), and the emergence of NITI Aayog as a policy think tank replacing the Planning Commission in 2015. It highlights the shift from centralized planning to cooperative federalism and outcome-based policy making.

Government schemes are programs launched to address specific socio-economic issues such as poverty, unemployment, health, education, and rural development. These initiatives aim to uplift vulnerable sections and promote inclusive growth across India.