The word comprehensive is appropriate here due to the amount of subject it covers under its syllabus.
Indian Economic Service eligibility is subject-oriented, which is why candidates are necessarily expected to have completed at least Post Graduation with Economics as their subject.
The Indian Economic Service or IES is a special categorical civil service in Group A of Central Civil Services of the Executive Branch of the Indian Government.
A very interesting aspect about IES is that its posts are carefully placed across various departments and central ministries, which are more than 55 in number.
When it comes to economic analysis and policy advice, there is no other alternative but to seek guidance from the trusted brains in the IES.
Salary and Benefits
Indian households always tout government jobs because of the perks, benefits and the package that these jobs have to offer. The Indian Economic Service is no different here.
Indian economic service salary is purely based on the post and the posting. Fortunately, all the appointed candidates are eligible to receive a generous salary as per the Seventh Pay Commission rules and regulations.
To put a number to the salary, the in-hand salary amount for an Economic Service Office is around INR 59,750.
Additionally, the IES 2020 applicants will be entitled to various facilities like Government House /HRA (one of the two), Conveyance, LTC, Maternity benefits, GPF, Group Insurance, gratuity, pension and most important, leaves.
IES recruits’ candidates have to go through an all-India open competitive examination, labelled as the IES Exam. This examination is conducted from time to time by the UPSC.
The notification of the examination also includes the availability of vacancies (including various reservations) as administered by the Cadre Controlling Authority.
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A candidate must be at least 21 years old on the first day of January of the year in which the examination is held. Relaxation in the Upper Age limit is notified by the government.
To talk about educational qualification, one must have a Postgraduate Degree in Economics/ Applied Economics/ Econometrics/ Business Economics from a recognized University.
Indian Economic Service exam pattern is carefully woven keeping in mind the amount of syllabus put up for the given exam. The IES examination is structured into two phases.
In the first phase, there is a written examination that the candidates need to appear for. This involves General English (100 marks), Economics Paper-I (200), General Knowledge (100), Economics Paper-III (200), Economics Paper-II (200), and Indian Economy (200).
This is then followed by the second phase, which is a Viva (200). All of these papers will last for three hours each. In all the subjects the questions papers will be of essay (conventional) type. Questions must be answered in English and will be set in English as well.
In the second phase, the interviews will be conducted by a board of impartial and qualified observers who will have in front of them a record of the candidate’s career.
The main intent of this interview is to judge the efficacy of the candidate for the post he is applying for. The interview will test the general and specialised knowledge and abilities of the candidate, in addition to the written exam.
Candidates who are called for the interview are also required to undergo Medical Examination conducted by the Central Standing Medical Board.
Thus, it is clear that this exam is no joke. The preparation for it can take months. Additionally, the number of students appearing for these exams is very high. Indian Economic Service Syllabus is thus created with the utmost attention.
It is ensured that all the important aspects of economics are covered under it.
All the Economics papers include the most significant Economics topics like Microeconomics, Macroeconomics, Public Finance, Monetary Economics, International Economics, Growth and Development, Econometrics and Environmental Economics.
Successful candidates are required to take another Medical Examination. An offer is made only to those successful candidates, who are declared fit.
So, after a long journey of six written essay type papers and one rigorous interview and two medical examinations, a candidate clears this IES exam.
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