UPSC Indian Economic Service Exam 2023 - About Exam
The Union Public Service Commission (UPSC) conducts the Indian Economic Service (IES) Exam annually to recruit skilled and qualified candidates for the esteemed Indian Economic Service. The IES is a prestigious career opportunity for individuals with a strong background in economics, offering them the chance to work on critical economic policies and contribute to India’s economic growth and development. Aspiring candidates should be well-prepared and updated about the examination process, eligibility criteria, and important dates to ensure a smooth application process.
The Indian Economic Service plays a vital role in shaping India’s economic policies, offering expert advice on matters related to economic development, financial management, and international trade. Officers from the IES work closely with various ministries and departments within the government, making data-driven recommendations and analyses to help formulate sound economic strategies. Joining the IES provides an opportunity to work on significant economic issues that directly impact the country’s progress and well-being.
To crack the UPSC IES examination, candidates must have a thorough understanding of the exam pattern and syllabus. A systematic and consistent approach towards preparation, along with regular practice, is essential for success. Candidates should keep themselves updated with the latest developments in the field of economics and develop the ability to critically analyze economic issues. Referring to standard study materials, attending mock tests, and solving previous years’ question papers can significantly improve a candidate’s chances of success in the IES examination.
Salary / Pay Scale for Selected Candidates in Indian Economic Service
The UPSC Indian Economic Service offers an attractive salary and benefits package. Officers are placed in the 7th Pay Matrix Level 10, with a pay range of ₹56,100 to ₹1,77,500 per month. Prior to the implementation of the 7th Pay Commission, the pay band was ₹15,600 to ₹39,100, along with a grade pay of ₹5,400.
Benefits of Joining Indian Economic Service
Joining the Indian Economic Service provides numerous benefits, including a respectable position in the government, job security, and an attractive salary package. Additionally, IES officers work on a wide range of economic issues that directly impact the nation’s growth and progress, providing them with an intellectually stimulating and fulfilling career. Furthermore, IES officers are entitled to various perks, such as accommodation, travel allowances, medical facilities, and opportunities for professional growth and development.
Vacancy Details for UPSC Indian Economic Service Exam 2023
For the UPSC Indian Economic Service Exam 2023, a total of 18 vacancies are available. The number of vacancies is subject to change, depending on the requirements of the Indian government.
Eligibility Criteria / Educational Qualification for UPSC Indian Economic Service Exam 2023
Candidates applying for the UPSC Indian Economic Service Exam must have obtained a Post-Graduate Degree in Economics, Applied Economics, Business Economics, or Econometrics from an Indian university incorporated by an Act of the Central or State Legislature or an educational institution established by an Act of Parliament. Candidates with a Post-Graduate Degree from a foreign university approved by the Central
Age Limit for UPSC Indian Economic Service Exam 2023
Candidates must be between 21 and 30 years of age as of August 1, 2023, meaning they must have been born between August 2, 1993, and August 1, 2002. Age relaxation is available for candidates belonging to specific categories as per the Government of India rules. This includes relaxation for SC/ST, OBC, and Persons with Benchmark Disabilities, among others.
Selection Process for UPSC Indian Economic Service
The selection process for the UPSC Indian Economic Service Exam consists of a written examination followed by an interview. Candidates who successfully pass the written examination will be invited to attend an interview to assess their suitability for the service. The final selection will be based on the candidates’ performance in both the written examination and the interview.
Application Fees for UPSC Indian Economic Service Exam 2023
Candidates, except for female/SC/ST/Persons with Benchmark Disabilities who are exempted from payment, are required to pay an application fee of ₹200. The fee can be paid through various modes such as online banking, credit/debit card, or by depositing cash in any branch of the State Bank of India.
Important Dates for UPSC Indian Economic Service Exam 2023
Date of Notification
Starting Date of Online Application
Last Date of Online Application
Download Official Notification & Apply Online Link for UPSC Indian Economic Service Exam 2023
Detailed official notification and online application link for UPSC Indian Economic Service Exam 2023 are provided below –