Notes and Study material for Exams
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, and lower … Read more
Acid An acid is a substance which forms H+ ions as the only positive ion in aqueous solution. Examples:- Hydrochloric acid dissolved in water forms H+ and Cl– ions HCl —> H+ + Cl– Sulphuric acid dissolved in water forms H+ and SO42- ions H2SO4 —>2H+ + SO42- Nitric acid forms H+ and NO3– ions when dissolved in water HNO3 —> H+ + NO3– … Read more
The New Industrial Policy of 1991: A Catalyst for Economic Transformation in India The year 1991 marked a pivotal moment in India’s economic history. Faced with a severe balance of payments crisis and a stagnating economy, the Indian government embarked on a path of radical economic reforms, culminating in the introduction of the New Industrial … Read more
The Narasimham Committee – I: A Catalyst for India’s Financial Reforms The Indian financial sector in the late 1980s and early 1990s was characterized by inefficiency, lack of competition, and a heavy reliance on government control. This led to a stagnant economy and hindered growth. Recognizing the need for radical reform, the Indian government established … Read more