Notes and Study material for Exams
Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization. ADVANTAGES … Read more
The leading economists of the country differ in their opinion about the socioeconomic and ecological consequences of the policy of liberalisation.INFRASTRUCTURE by the Indian and foreign investors have generated great employment opportunities for the professionals, and skilled and unskilled workers. 5. Development of Infrastructure: Prior to the liberalisation, the infrastructure (roads and electricity) were in … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> (GDP) and EMPLOYMENT Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, Industry and Services. Agriculture includes crops, INFRASTRUCTURE operations, Education, Health care, Banking and insurance, and many other economic activities. Agriculture India ranks second worldwide in farm output. Agriculture and … Read more
Privatization in generic terms refers to the process of transfer of ownership, can be of both permanent or long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization. ADVANTAGES … Read more
Definition of Globalization-3/”>Globalization :- Its a process(not an outcome) characterized by increasing global Interconnections by gradual removal of barriers to trade and Investment between nation and higher economic efficiency through competitiveness. Various economic, political, social and cultural effects of globalization are as follows:- [su_heading size=”21″]Economic:-[/su_heading] Breaking down of national economic barriers International spread of Trade, … Read more
Competition Commission of India Competition Commission of India is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 throughout India and to prevent activities that have an appreciable adverse effect on competition in India. It was established on 14 October 2003. It became fully functional in May … Read more
Make in India: Transforming India into a Global Manufacturing Powerhouse Introduction India, with its vast population, burgeoning middle class, and a rapidly growing economy, is poised to become a global manufacturing powerhouse. The “Make in India” initiative, launched in 2014, is a comprehensive program aimed at attracting foreign investment, promoting domestic manufacturing, and creating jobs. … Read more
Economic Consolidation: A Vital Path to Stability and Growth Economic consolidation, a term often used in the context of fiscal policy, refers to the process of reducing government budget deficits and debt levels. It involves a combination of measures aimed at increasing government revenue and/or decreasing government spending. While often perceived as a painful process, … Read more
Manufacturing policy of India The Government of India has announced a National Manufacturing Policy with the objective of enhancing the share of manufacturing in GDP to 25% within a decade and creating 100 million jobs. The INFRASTRUCTURE; land use on the basis of zoning; clean and energy efficient technology; necessary social infrastructure; Skill development facilities … Read more
Capitalism vs. Socialism: A Tale of Two Economic Systems The world’s economies are diverse, each with its own unique blend of policies and ideologies. Two dominant systems, however, stand out: capitalism and socialism. These contrasting approaches to resource allocation, production, and distribution have shaped the course of history and continue to spark debate. This article … Read more