The Indian Economic Service (IES) is the government department that undertakes economic analysis, provides advice for policy makers and monitors and evaluates public spending and government funded programmes. Staff within the IES earn a decent salary and enjoy relative job security. Competition for vacancies is intense with direct recruitment using a process that combines written examinations with interviews.
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The job role involves delivering economic advice, economic administration, implementation of policy and programmes, and dealing with issues including economic reforms, price fixation and regulation. IES officers make important contributions towards social policy making and towards economic reforms in whichever government department they are posted to.
IES economic advisers are closely associated with policy making in the departments they work in. They advise on the economic impact of policy options and monitor and evaluate policy from an economic perspective laid out in the Fiscal Responsibility and Budget Management Act 2003. IES officers that work as economic advisers liaise with the Chief Economic Officer in the Department of Economic Affairs to ensure that policies across government are in the general direction required by central government
IES salaries are paid in Indian rupees. Junior officers start on pay band 3 at 15,600-39,100 rupees (£172 - 432) per month plus Grade Pay of 5,400 rupees (£60). The senior administrative grade at pay band 4 earn 37,400-67,000 rupees (£413 - 741) plus Grade Pay of 10,000 (£110) rupees. Senior economic advisers at the higher administrative grade pick up 67,000 -- 79,000 rupees (£413 - 873) with an annual increment of 3% whilst principal advisers at the higher administrative grade earn a fixed salary of 80,000 rupees (£884).
There are a number of eligibility criteria for candidates. They must be citizens of India or subjects of Nepal or Bhutan. People of Indian origin who meet criteria laid out on the UPSC website are also eligible. The age limit is 21-30 and candidates must have a post-graduate degree base around economics, mathematics or statistics.
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