NITI Ayog and its approach to economic development

Niti Ayog – National Institution for Transforming India   The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and … Read more

National Income and its concepts and components

NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more

India’s Look East Policy

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> India’s Look East policy   Abstract   The Look East policy has emerged as an important Foreign Policy initiative of India in the post-Cold War period. It was launched in 1991 by the then Narasimha Rao Government with the aim of developing political contacts, increasing economic … Read more

SAARC

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> , BRICS,other Bilateral and Regional groupings In the 20th century there was a strong dynamics of integration processes, in the singular regions of the world, what is identified, by many scientists, with a trial to find a new way of economy development. Nowadays, integration activity is … Read more

Structural Changes In The Indian Economy

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Change in composition of domestic product or change in NATIONAL INCOME by Industry of origin refers to change in relative significance (share) of different sectors of the economy. Generally, an economy is divided into three major sectors viz. primary, secondary and tertiary sectors. Primary Sector includes … Read more

Administered Prices

ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … Read more

Welfare State And Distributive Justice Under The Constitution

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> The Directive Principles of the State Policy contained in Part IV (Arts. 36 to 51) of the Constitution of India set out the aims and objectives to be taken up by the States in the governance of the country. This novel feature of the Constitution is … Read more

India’s relation with United States of America, Russia, China, Pakistan, Bangladesh, Sri Lanka, Afghanistan, Nepal, Maldives and Middle East Countries.

India’s relation with United States of America, Russia, China, Pakistan, Bangladesh, Sri Lanka, Afghanistan, Nepal, Maldives and Middle East Countries. ’s relation with United States of America Political Relations: The frequency of high-level visits and exchanges between and the U.S. has gone up significantly of late. Prime Minister Modi visited the U.S. on 26-30 September … Read more

Impact of Liberalization, Privatization and Globalization on Governance

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 a bad shape affecting the industrial growth and Economic Development of the country adversely. Heavy investment in infrastructure has improved the … Read more