Notes and Study material for Exams
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
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
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 only … Read more
Definition of Globalization-3/”>Globalization :- Its a process(not an outcome) characterized by increasing global Interconnections by gradual removal of barriers to trade and Investment between nation and higher economic efficiency through competitiveness. Various economic, political, social and cultural effects of globalization are as follows:- [su_heading size=”21″]Economic:-[/su_heading] Breaking down of national economic barriers International spread of Trade, … Read more
Unleashing the Potential: A Deep Dive into LPG Reforms and Their Impact The Liquefied Petroleum Gas (LPG) sector, a vital energy source for millions globally, has been undergoing a period of significant transformation. Driven by factors like environmental concerns, energy security, and technological advancements, LPG reforms are reshaping the industry landscape. This article delves into … Read more
Samarth Scheme: Empowering India’s Textile Sector Introduction India’s textile sector, a cornerstone of the nation’s economy, employs a vast workforce and contributes significantly to the country’s GDP. However, the sector faces numerous challenges, including low productivity, outdated technology, and a lack of skilled manpower. To address these issues and enhance the competitiveness of the Indian … Read more
The Golden Revolution: A Quest for Sustainable and Equitable Food Security The term “Golden Revolution” has emerged in recent years to describe a global movement aimed at transforming the agricultural landscape. It goes beyond the traditional focus on increased production and seeks to achieve sustainable and equitable food security for all. This revolution encompasses a … Read more
The Tobin Tax: A Controversial Solution to Global Financial Instability? The global financial system, despite its complexity and interconnectedness, is often characterized by volatility and instability. This inherent fragility has been exposed repeatedly, leading to devastating consequences for individuals, businesses, and economies worldwide. In the wake of the 2008 financial crisis, the search for solutions … Read more
closed-economy: Here is a list of subtopics related to open-economy and closed-economy: Open economy Trade Comparative advantage Absolute advantage Terms of trade Capital flows InvestmentInvestment
Foreign Direct Investment: A Catalyst for Global Growth and Development Foreign direct investment (FDI) plays a pivotal role in the global economy, acting as a catalyst for economic growth, technological advancement, and job creation. It involves long-term investments made by companies from one country (the source country) into enterprises in another country (the host country). … Read more