Notes and Study material for Exams
Capital Account Convertibility: A Double-Edged Sword for Economic Growth Capital account convertibility (CAC) refers to the freedom of residents and non-residents to convert their domestic currency into foreign currencies and vice versa without restrictions. It allows for the free flow of capital across borders, enabling investments, borrowing, and lending in international markets. While CAC holds … Read more
Sectoral Composition With Respect To Contribution To Gross Domestic Product (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 … Read more
The Right to Property: A Cornerstone of Human Rights and Economic Development The right to property, a fundamental human right enshrined in numerous international legal instruments, plays a pivotal role in shaping societies and economies. It encompasses the right to own, use, enjoy, and dispose of property, both tangible and intangible, and serves as a … Read more
Importance of Science & Technology as an engine for national development- Industrial development & Urbanization Professor Freeman J. Dyson, of Institute of Advanced Studies, Princeton, in his book “Infinite in all Directions,” had this to say about Technology: “Technology is a gift of God. After the gift of Life, it is perhaps the … Read more
–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> (IDA) The (IDA) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. The IDA is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established in 1960 to complement the … Read more
Partition of Bengal With the partition of Bengal, Indian National Movement entered its second stage On 20 July, 1905, Lord Curzon issued an order dividing the province of Bengal into two parts: Eastern Bengal and Assam with a Population of 31 mn and the rest of Bengal with a population of 54 mn. Reason given: … Read more
Here is a list of subtopics on the Indian economy from 1950 to 1990: Planning Agriculture IndustryIndustry InfrastructureInfrastructure Trade Finance Social sector Economic reforms I hope this helps! Let me know if you have any other questions. The Indian economy has undergone a significant transformation since 1950. In the early years, the economy was largely … Read more
The term Sustainable Growth became prominent after the World Conservation Strategy Presented in 1980 by the International Union for the Conservation of Nature and Natural Resources. Brundland Report(1987) define Sustainable Development as the a process which seek to meet the needs and aspirations of the present generation without compromising the ability of the future generation … Read more
The Concept of Unemployment: A Multifaceted Challenge Unemployment, a pervasive economic and social issue, transcends mere statistics. It represents a complex interplay of individual, societal, and structural factors, impacting not only economic growth but also individual well-being and social stability. This article delves into the multifaceted concept of unemployment, exploring its various definitions, causes, consequences, … Read more
Climate Change It is the long term change in the statistical distribution of weather patterns over periods of time Though it has been happening naturally for millions of years, in recent years it has accelerated due to anthropogenic causes and has been causing Global Warming. UNFCCC defines Climate Change as – “a change of climate … Read more