What is the Indian Economic Service?
Do you desire a stance with the Indian government? Are you an enthusiast of economics?
If so, you should look into the Indian Economic Services career path (IES).
Every government organisation needs a specific set of committees, offices, staff, authorities, and members of the government to plan, manage, create, and carry out national goals and objectives. We reside in an exponentially growing nation, where modifications and revisions are transpiring in the nation every day.
The government requires employees who can make sound decisions and work remotely to develop national policy. So here, Indian Economic Service (IES) officers have an important role to play.
The Junior Time Scale of Indian Economics examination will be administered by the Union Public Service Commission (UPSC) in accordance with guidelines issued in the Indian Gazette by the Ministry of Statistics and Programs established by the Indian Government.
Candidates who pass the Indian Economic Service Test are sent to employment in the ministry of economic affairs, the planning commission, and other agencies and departments that need individuals who know about governance, economics, and statistics.
| Exam | Indian Economic Service Exam |
| Frequency | Once a year |
| Conducted By | Union Public Service Commission (UPSC) |
| Subjects |
|
| No. of attempts | 6 |
| Exam mode | Offline |
| Duration of the exam | 3 days |
| Official Website | www.upsc.gov.in |
As stated in the Employment News announcement, UPSC oversees holding the open competitive exam for IES recruitment at the designated time and location.
According to the rules of the Cadre Controlling Authority, the total number of positions to be filled contains a quota for physically challenged people, members of scheduled tribes and castes, and other backward groups.
A candidate’s minimum age requirement for the IES test is 21 years old, and their maximum age requirement is 30 years old on January 1 of the exam year. The UPSC may periodically announce a reduction in the maximum age requirement for certain reserved classes.
A PG degree in economics, applied economics, business economics, or econometrics from an accredited university would be required for eligibility to take the Indian Economic Service exam. Applicants who are taking qualifying degree exams are also eligible to apply tentatively for the exam, provided they submit official proof of completion with their properly completed application.
The following papers are included in the written examination:
General English (100 marks in 3 hours)
General Knowledge (100 marks in 3 hours)
Economics Paper I (200 marks in 3 hours)
Economics Paper II (200 marks in 3 hours)
Economics Paper III (200 marks in 3 hours)
Indian economics (200 marks in 3 hours)
Round 2 consists of a viva-voce or Interview of 300 marks.
Read about Difference between IAS and IES.
The syllabus for the Indian Economic Service exam contains different sections for each subject. Questions from different topics of these subjects are asked, such as essay writing, passages, vocabulary, etc. in English.
Topics like general knowledge, Indian Polity, Indian History & Geography from Social studies. Then there are economic topics like consumer demand theory, welfare economics, economic thought, the theory of value, international economics, and much more.
Each aspirant should examine their strengths and limitations to prepare for any qualifying examination. For instance, the applicant might have a strong command of English and medium knowledge of finance. This self-evaluation is more crucial since it will allow the candidate to create a strategy that will turn their weaknesses into strengths.
It’s true: “Knowledge is of no value unless you put it into practise.” Thus, continue to practise diligently until excellence is obtained in every single chapter as you move forward.
Despite their subject of study and area of competence, exam candidates must set aside at least an hour each day to unwind and avoid stress. The study schedule includes time for relaxation or physical activity to maintain a healthy mind, physique, and spirit before tackling any intellectual task. In preparing for such admission exams, it’s crucial to maintain healthy eating habits.
It’s easy to get stuck on a question and leave it, saying it’s difficult. But what’s hard to do is challenge yourself to dive deep into the concept of difficult questions and solve them. To prepare well and ace your Indian Economic Services exam you need to challenge your mind and expand your mental abilities. Once you start falling into a routine, make some alterations to it and do something new and challenging to exercise your brain.
You might find hundreds of guidance videos on the internet, but nothing will compare to the advice given by your teachers.
So, while preparing for the Indian Economic Service jobs and exams, do ask your mentor, teachers, and previous rankers for advice and guidance. They can tell you genuine solutions for real problems and not just bookish problems real-life problems. Like what field to choose after clearing the exam, how to learn the job skills needed for the role, and how to become good in your role. So, do talk to your seniors and teachers in between the preparation.
Suggested Read:
Understanding the Value of Career Planning
Insights on Cracking UPSC with the Right Optional Subject
Effective Tips for IAS Preparation at Home
Clearing the Indian Economic Services exam is important to becoming an IES officer. However, if you want to become a successful and reputed officer then, you must have certain skills in you.
Having leadership skills is crucial for an IES officer, as an officer you should be able to lead your subordinates towards the completion of the assigned task.
You would face several situations in your job role, situations in which you need to find immediate and accurate solutions to problems. For that, you need to enhance your problem-solving skills.
In a day, an IES officer has made several decisions related to finances, advised seniors, and guided subordinates. In such cases, you need to be prepared to make swift and sensible decisions.
Having critical thinking skills is crucial for an Indian Economic Services officer. So that they can analyse the situation, think critically before concluding, and make well-informed decisions.
As an IES officer, your role is broadly categorized in the areas of economic advice, economic administration, and implementation of policies.
The base average pay for an Indian Economic Service officer is from INR 15,600 to INR 39,100. The average basic income in India is approximately INR 21,000 per month with a grade pay of INR 5,400.
The total monthly income, which includes the daily allowance of 125% of the basic salary and the TA and HRA of 30% for metro cities, is around INR 59,750.
With standard exclusions from the gross compensation (NPS of 10% plus additional deductions), the in-hand pay for the Indian Economic Service is around INR 56,000.
Economic rationality is becoming a more important factor in decision-making in the fast-globalizing environment. The demand of IES officers has grown significantly important in light of the ongoing changes being undertaken by the government.
Many people have the desire of becoming an IES officer, so if you embrace this dream, you should start preparing as soon as possible. As it is a reputed government job position, the roles and responsibilities of an IES officer are more than any normal job title. To bring about economic and social change, you will interact closely with government representatives.
And, if you are still unsure of your career paths then you can look over our career advice.
So, get started today on your path to becoming an IES officer. Keep learning and succeeding.
An Indian Economic Service officer’s basic salary ranges from INR 15,600 to 39,100. The total monthly income, which includes the daily allowance of 125% of the basic salary and the TA and HRA of 30% for metro cities, is around INR 59,750.
IES and IAS are both reputed government jobs; in this way, they both hold equal importance. However, the work of an IES officer differs from that of an IAS officer. An IES officer will be working in a specific field of economics, but an IAS officer works in a more generalised way. It can be said then that IES and IAS are equal in importance, but their responsibilities differ.
It all depends on your choice and interest in becoming an IES or not. Otherwise, IES is one of the best career options to choose in India; not only is it a reputable job, but it’s a well-paying job too. And being a government job makes it a secure job title that you can positively go with.
There are several job options in Indian Economic Services, such as Junior Time Scale Officer, Junior Administrative Grade Advisor and many others. These are the job title within the Indian Economic Services, you can apply for any of these positions. And you will get selected after the written exam and the interview.
After you have cleared your written IES exam along with the interview; you can be appointed to the ministry of economic affairs, national sample survey, planning board, planning commission etc which needs professionals who know about economics and government. You will start working at the junior level and with experience and enhanced skills, you can seek promotion and work at a higher ranking.
To read more related articles, click here.
Got a question on this topic?
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
Chegg India does not ask for money to offer any opportunity with the company. We request you to be vigilant before sharing your personal and financial information with any third party. Beware of fraudulent activities claiming affiliation with our company and promising monetary rewards or benefits. Chegg India shall not be responsible for any losses resulting from such activities.
Subscribe to our monthly newsletter and stay updated.