Notes and Study material for Exams
Introduction Urban areas have been recognized as “engines of inclusive economic Growth”. Of the 121 crore Indians, 83.3 crore live in rural areas while 37.7 crore stay in urban areas, i.e approx 32 % of the Population. The Census Of India, 2011 defines urban settlement as :- All the places which have Municipality, corporation, Cantonment Board … Read more
MANAGEMENT Management is a process of designing and maintaining an Environment in which individuals, working together in groups, accomplish selected aims. In other words,” It is the accomplishment of Goals through others.” Management has been used in different senses. Sometimes it refers to the process of planning, organizing, staffing, directing, coordinating … Read more
Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order to encourage modernisation, Stress has been laid … Read more
INFRASTRUCTURE) that are badly needed for economic development. Foreign investment meets the gap in management, Entrepreneurship, technology and skill. These can be transferred to the host country through suitable training programmes and the processes. Further foreign companies bring with them sophisticated technological knowledge about production processes while transferring modern machinery equipment to the capital-poor developing … Read more
Inflation is a sustained increase in the general price level of goods and Services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more
Economic Reforms In India New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its Economic Development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more
India’s traditional village economy was characterised by the “blending of agriculture and handicrafts”. But this internal balance of the village economy had been systematically slaughtered by the British Government. In the process, traditional handicraft industries slipped away, from its pre-eminence and its decline started at the turn of the 18th century and proceeded rapidly almost … Read more
The 1991 Economic Reforms: A Turning Point for India The year 1991 marked a pivotal moment in India’s economic history. Facing a severe balance of payments crisis and a stagnant economy, the country embarked on a series of radical economic reforms that fundamentally transformed its economic landscape. These reforms, collectively known as the “1991 Economic … Read more