Economy

The industrial sector has performed poorly in the reform period because of decreasing demand of industrial products due to various reasons’ such as cheaper imports, inadequate investment, infrastructure etc. India is a founder member of WTO and in facilitating globalisation of Indian Economy, India like other developing countries is compelled to open up its economy … Read more

Black money is defined  as assets or resources that have neither been reported to the public authorities at the time of their generation nor disclosed at any point of time during the possession. The problem with  black money is huge . It has serious socio-political and economic implications. According to sources the estimate of GDP … Read more

India Cash/GDP ratio is 12.24% which makes it one of the largest cash based economy. But there are certain problem for a cashless economy especially for India as : ‘ There is low penetration of internet. Last mile connectivity especially in rural sector is quite low which creates hurdle in digitisation of economy. Lack of … Read more

A healthy infrastructure provides platform for smooth functioning of economic activity. Power, telecom, transportation etc are essential for any business or economic activity. If country wants to be on the growth path it needs to work hard on capital formation in terms of infrastructure. According to economic survey, India needs $4.5 trillion for sustaining growth … Read more

Green revolution is an agricultural revolution in which agricultural productivity was increased by providing package of inputs like High yield variety seeds, chemical fertiliser and better irrigation facility. It lead to the increased agricultural production and made India a self -reliant country in terms of food production. Impact of green revolution are summarised as below: … Read more

NITI aayog(National Institute for transforming India)  is a policy think tank of the Government of India to achieve sustainable development goals and to achieve cooperative cooperative federalism by enhancing the role of state government in the economic policy making and to make bottom up approach a reality. The role of NITI aayog will be: Bring … Read more

Inflation is defined as a sustained increase in the general level of prices for goods and services in a county, and is measured as an annual percentage change. Increase in money supply: In the last few years rate of supply of money is very high i.e. near about 15-18% but the national output is hovering around … Read more

Indian economy has come a long way since independence. From socialist pattern to liberalised era it , from being agrarian to service oriented economy it has seen many ups and downs. The basic features of Indian economy are enumerated as follows: India is a developing economy with low per capita income. Current Per capita income … Read more