Economic Recovery Measures — Prelims Strategy

Prelims Strategy

For Prelims, the strategy for Economic Recovery Measures should focus on factual accuracy and conceptual clarity. First, memorize the key schemes and initiatives: Atmanirbhar Bharat Abhiyan's major components (ECLGS, PMGKY, MGNREGA expansion, PLI schemes), their launch years, and their primary beneficiaries/objectives.

Second, understand the specific tools used by the RBI (repo rate, TLTROs, OMOs, moratoriums) and differentiate them from government fiscal measures. Third, be clear on the constitutional articles (39(b), 39(c), 41, 43) and their direct relevance to welfare and economic policy.

Fourth, grasp key economic concepts like 'K-shaped recovery,' 'fiscal stimulus,' and 'monetary easing.' Pay attention to any legislative changes (e.g., IBC amendments, labour codes) and their immediate impact.

Practice MCQs that test your ability to distinguish between fiscal and monetary policies, identify the correct components of a scheme, and link policies to constitutional provisions. Vyyuha advises creating flashcards for scheme names, their purpose, and the implementing body (government vs.

RBI) to avoid common traps.