The thematic areas of study candidates should cover for the Indian Economy in UPSC include economic development, planning, and growth models. Understanding the significance of sectors such as agriculture, services, and industry is crucial. Candidates must also engage with topics like poverty alleviation, employment, and government schemes. Familiarity with monetary policy, fiscal policy, and current economic trends forms the core of economic knowledge. Analyzing case studies and real-world implications solidifies this knowledge, enabling effective exam preparation.