Notes and Study material for Exams
Development of Industries:- Industrial Development in India during the British Rule:- 1. Subject Matter of Industrial Development 2. Early Efforts of Industrialization 3. Industries in the Inter-War Period (1919-38) 4. Industries during 1939-47 5. Reasons for Low Industrial Development in India. Subject Matter of Industrial Development: Underdeveloped countries are greatly handicapped by shortage of capital … Read more
Inclusive Growth: A Path Towards Shared Prosperity The concept of “growth” has long been a cornerstone of economic policy, often measured by metrics like GDP growth. However, in recent years, a growing awareness has emerged that simply focusing on aggregate economic expansion is insufficient. The need for inclusive growth, a model that prioritizes equitable distribution … Read more
The Capitalist Economy: A System of Markets, Competition, and Innovation The capitalist economy, a dominant force shaping the world today, is a complex system characterized by private ownership of the means of production, market-driven resource allocation, and the pursuit of profit. This article delves into the core principles, historical evolution, key features, and ongoing debates … Read more
JOB CREATION As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than Unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was … Read more
Samarth Ramdas: A Visionary Leader and Social Reformer Samarth Ramdas, also known as Ramdas Swami, was a prominent Hindu saint, social reformer, and spiritual leader who lived in the 14th century. He is revered as a great sage and is considered the founder of the Ramdas Sampradaya, a significant Hindu religious tradition. His teachings and … Read more
SHREYAS Scheme: Fostering Entrepreneurship and Empowerment for SC/ST Students Introduction India, a nation brimming with entrepreneurial spirit, has witnessed a surge in startups and small businesses in recent years. However, the journey to entrepreneurship remains challenging, especially for students from Scheduled Castes (SC) and Scheduled Tribes (ST) communities. These communities often face systemic barriers, including … Read more
Start-Up India Scheme: Igniting India’s Entrepreneurial Spirit Introduction India, with its burgeoning population and a rapidly growing economy, is witnessing a surge in entrepreneurial activity. The government, recognizing the potential of startups to drive economic growth and create jobs, launched the Start-Up India Scheme in 2016. This comprehensive initiative aims to foster a vibrant startup … Read more
Agro Food Processing: Forming village clusters and establishing Food Storage, Food Processing Industry is of enormous significance for India’s development because of the vital linkages and synergies that it promotes between the two pillars of the economy, namely Industry and agriculture. India is world’s second largest producer of food and has the potential … Read more
Khadi and Village Industries Commission (KVIC): Weaving a Path to Empowerment and Sustainable Development Introduction The Khadi and Village Industries Commission (KVIC), established in 1956, stands as a testament to India’s commitment to rural development and economic empowerment. This institution plays a pivotal role in promoting the production and marketing of Khadi and other village … 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