Month: July 2024

INFRASTRUCTURE projects, and defense spending. Net Exports (NX): This represents the difference between exports (goods and services sold to foreigners) and imports (goods and services purchased from foreigners). Table 1: Components of GDP (Expenditure Approach) Component Description Consumption (C) Spending by households on goods and services Investment (I) Spending by businesses on fixed assets and … Read more

Liberalization. 2000s: LIC continued to innovate and adapt to the changing market, introducing online platforms and mobile applications for policy purchase and management. 2021: LIC was listed on the Indian Stock Exchanges, becoming the largest IPO in the country’s history. LIC’s Role in the Indian Economy LIC plays a significant role in the Indian economy, … Read more