Notes and Study material for Exams
Andhra pradesh budget 2019-20 Economic outlook of Andhra pradesh GDP The Growth rate of Andhra Pradesh’s GDP (at current prices) has marginally decreased from 15.4% in 2016-17 to 15.3% in 2018-19. Fiscal Deficit In 2019-20, Andhra Pradesh’s fiscal deficit is estimated to be Rs 35,261 crore, which is 3.3% of the GDP. The estimate is … Read more
F1: The diversity of sectors in the sensex steadily increased over time following market reforms. It shoes less concentration of wealth in few firms and diversification of firms post liberalisation. F2: Benefit of liberalisation can be gauged from the democratisation of the firms. Now the ratio of size of Biggest/ smallest firm is … Read more
Entrepreneurship and Wealth Creation at the Grassroots C1: Entrepreneurship intensity is the new firms registered per year per 1000 workers. It was just 0.10 which is very low for the manufacturing sector. But in the case of service sector there is comparative advantage. F1: A 10% increase in the registration of new firms … Read more
Chapter 1: Wealth Creation: The Invisible Hand Supported by the Hand of Trust Importance of Wealth creation: It lead to efficient and more utilisation of raw material. It lead to increase in the Aggregate Demand in the economy. Increase in the Direct Tax flows Increase in the salaries of employees working in an ecosystem … Read more
Social Institutions: Family, Marriage, Kinship, Religion and Social stratification in India Society is the combination of individuals. These individuals have their various needs which they want to be satisfied. For this purpose people behave in a customary way which is controlled by norms. This participation of people for the attainment of their various … Read more
Occupational diversification and social structure Liberalization and society The policy of liberalisation that India has been following since the late 1980s have had a very significant impact on agriculture and rural society. The policy entails participation in the World Trade Organisation (WTO), which aims to bring about a more free international trading system … Read more
Enabling legislations, financial and procedural incentives, and business opportunities for investors Today, economy of India is the seventh largest in the world by nominal Gross Domestic Product (“GDP”) and third largest by purchasing power parity and the annual Growth rate of GDP has been 7.3% from 2011 to 2015. The country is classified … Read more
Planning Commission and national development council Planning commission The Planning Commission was an institution in the Government of India, which formulated India’s Five-Year Plans, among other functions. Background Rudimentary economic planning, deriving from the sovereign authority of the state, was first initiated in India in 1938 by Congress President and Indian National Army … Read more
Brazil, Russia, India, China and South Africa (BRICS) BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010. The BRICS members are known for … Read more
Urban Indian economy after 1858 During this period, the Indian economy essentially remained stagnant, growing at the same rate (1.2%) as the Population. India also experienced deindustrialization during this period. Compared to the Mughal era, India during the British colonial era had a lower per-capita income, a large decline in the Secondary Sector, … Read more