Yes, it is beneficial to allocate time for practicing comparative analysis of economic theories and policies in your plan. Here are the reasons why:

1. Enhances critical thinking skills:
- Comparative analysis involves examining different economic theories and policies, identifying their strengths and weaknesses, and evaluating their effectiveness in different contexts.
- This process requires critical thinking skills as you need to analyze and interpret complex information, identify patterns and trends, and make informed judgments.
- By practicing comparative analysis, you can enhance your ability to think critically, evaluate different perspectives, and make well-informed decisions.

2. Develops a deeper understanding of economic concepts:
- Comparative analysis allows you to delve deeper into economic theories and policies, exploring their underlying principles, assumptions, and implications.
- By comparing and contrasting different theories, you can gain a comprehensive understanding of how different economic concepts are applied and their impact on various economic variables.
- This deeper understanding will enable you to grasp the complexities of real-world economic issues and propose more effective solutions.

3. Provides a broader perspective:
- By engaging in comparative analysis, you can explore a wide range of economic theories and policies from different schools of thought, such as classical, Keynesian, neoclassical, and behavioral economics.
- This exposure to diverse perspectives will broaden your understanding of the subject, allowing you to see the strengths and limitations of different approaches.
- A broader perspective is crucial in formulating well-rounded and comprehensive economic policies that consider various factors and stakeholders.

4. Enhances research and analytical skills:
- Comparative analysis requires extensive research to gather relevant data, literature, and empirical evidence on different economic theories and policies.
- By practicing this type of analysis, you can develop your research and analytical skills, including data collection and interpretation, literature review, and drawing meaningful conclusions.
- These skills are highly valuable in various fields, including academia, policy-making, consulting, and research.

5. Prepares for policy-making and competitive exams:
- Comparative analysis is essential for understanding the implications of different economic policies and assessing their suitability in specific contexts.
- This skill is particularly useful if you are preparing for competitive exams, such as the UPSC, where questions often require analyzing and comparing economic theories and policies.
- Additionally, if you aspire to work in the field of policy-making, practicing comparative analysis will equip you with the necessary skills to evaluate and design effective economic policies.

In conclusion, allocating time for practicing comparative analysis of economic theories and policies is highly beneficial. It enhances critical thinking skills, deepens your understanding of economic concepts, provides a broader perspective, develops research and analytical skills, and prepares you for competitive exams and policy-making roles.