Economic literacy enables UPSC candidates to comprehend economic policies, budget allocations, and the overall economic environment of India. A solid understanding aids in analyzing current affairs and socio-economic issues effectively, allowing candidates to form well-informed opinions and argue their cases coherently in essays and interviews. Furthermore, economic literacy helps candidates relate national issues to the global context, crucial for general studies papers. Overall, it enhances their ability to approach questions critically, paving the way for successful performance in the examination.