Indian Economic Service Salary: Embark on an Economic Analysis
Constituted in 1961, the objective of the IES is to institutionalize a core professional capacity within the Government to embark on economic analysis and give advice for formulating and designing development policies, strengthening delivery systems, and evaluating and monitoring the public programmes.
It falls under Category A of the Central Civil Services. The Indian Economic Service salary is based on the post and posting of the recruits.
The Union Public Service Commission, also known as UPSC, is responsible for conducting the IES exam to recruit applicants for the post of Indian Economic Services. The Indian Economic Service exam pattern is as follows:
Indian Economic Service Exam Pattern
The examination is carried out in two stages:
Stage 1: Written examination for 1000 marks comprising various subjects.
Stage 2: Interview for 200 marks of candidates shortlisted by UPSC.
The Indian Economic Service syllabus for the written examination will be as follows:
|General Economics – I||200|
|General Economics – II||200|
|General Economics – III||200|
The selected candidates will then proceed to the interview round. The candidates are interviewed by a board of qualified professionals and their job is to judge how suitable each of the candidates is for the position.
The basic objective of this oral interview is to test the general knowledge and practical abilities of a candidate, apart from the written exam.
The interviewee is not only expected to have a considerable amount of knowledge with respect to the subjects of academic study but also awareness regarding the events taking place throughout and even outside the country.
The board examines and assesses the alertness of mind and the problem-solving skills of the candidates.
Indian Economic Service Eligibility Criteria
The Indian Economic Service eligibility criteria are based on three aspects namely nationality, educational qualification and age limit.
An aspiring candidate has to be one of the following:
- A Citizen of India
- A subject of Nepal
- A subject of Bhutan
- A refugee from Tibetan who entered India before 1st January 1962.
- An individual of Indian origin travelled from Sri Lanka, Burma, Pakistan, or East African Countries of Zambia, Kenya, the United Republic of Tanzania, Uganda, Malawi, Zaire, and Ethiopia or from Vietnam with the intention of staying in India permanently.
The candidate must have a Post Graduate Degree in Economics/ Applied Economics/ Business Economics/ Econometrics from a recognized university or a foreign university approved by the Central Government of India from time to time.
- Age Limit:The candidates must be above the age of 21 years and should be under the age of 30 years.
The upper age limit mentioned above will be flexible as follows for the below categories:
- Scheduled Caste or a Scheduled Tribe (SC or ST) – five years
- Other Backward Classes (OBC) – three years
- In the case of Defence Services Personnel who during hostilities in a disturbed area or with any foreign country were disabled in operations, and consequently released – three years
- In the case of ex-servicemen comprising Commissioned Officers and ECOs/SSCOs who have delivered a minimum of five years Military Service – five years
- If a candidate has generally been domiciled in the State of Jammu & Kashmir through the period from January 1, 1980, to December 31, 1989 – five years
- In the case of a person with a disability – 10 years
Indian Economic Service Salary:
The IES officers, along with their basic salary, are able to take benefit of the following allowances:
- Transport Allowance (TA)
- House Rent Allowance (HRA)
- Dearness Allowance (DA)
- Conveyance Allowance
- Maternity Allowance
The basic pay scale of an Indian Economic Service officer ranges from INR 15,600 – 39,100. Taking in count the grade pay of INR 5,400, the basic salary adds up to be about INR 21,000.
Also taking into account the daily allowance, which is 125% of the basic salary, along with the TA and HRA, which is 30% for metro cities, the total salary adds up to a gross total of around INR 59,750 per month.
Considering the standard deductions from the gross salary (NPS of 10% + other deductions) to be about INR 3,650, the in-hand salary of the Indian Economic Service ends up to be about INR 56,000.
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