Notes and Study material for Exams
The Harrod-Domar model is a macroeconomic model of economic growth. It was developed independently by Roy Harrod in 1939 and Evsey Domar in 1946. The model is based on the idea that economic growth is determined by the level of InvestmentInvestment and the SavingsSavings rate. The model has been criticized for being too simplistic and … Read more
EMPLOYMENT As per Employment-Unemployment Survey (by NSSO) of 2011-12 (latest available), total workforce employed stands at 47.36 crore; with 23.16 crore in agriculture and 24.2 crore in Industry and Services According to the fifth Annual Employment-Unemployment Survey (EUS) conducted between April and December 2015, 83% of the workers in India were self-employed, casual or contract … Read more
INFRASTRUCTURE, and the rise of a middle class. Another significant structural change has been the decline in the share of EMPLOYMENT in agriculture. In the early 1990s, more than half of India’s workforce was employed in agriculture. However, by 2017, this share had fallen to just 46%. The decline in agricultural employment has been driven … Read more
Effects of the policies of developed and developing countries on India’s interest Impact of Globalization-3/”>Globalization on india Globalization helps developing countries to deal with rest of the world increase their economic Growth, solving the POVERTY problems in their country. In the past, developing countries were not able to tap on the world economy … Read more
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
agriculture economy : New Investment needs incentives, not only Ease of Doing Business The Union Acts on agricultural markets (a state domain until now) are aimed to create one nation-one market and provide choice to farmers for selling their produce for better price besides attracting private investment in the agricultural markets. The … Read more
COST OF CAPITAL The primary meaning of cost of capital is simply the cost an entity must pay to raise funds. The term can refer, for instance, to the financing cost (interest rate) a company pays when securing a loan. In other words, Cost of capital refers to the opportunity cost of making a specific Investment. It is the rate … 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
The constitution (73rd and 74th) Amendment Acts, 1992 and ARTICLE 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every State Government is required to constitute, once in five years, a Finance Commission under articles 243 (I) and entrust it … 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