Notes and Study material for Exams
NATIONAL INCOME The study of National Income is important because of the following reasons: To see the Economic Development of the country. To assess the developmental objectives. To know the contribution of the various sectors to National Income. Internationally some countries are wealthy, some countries are not wealthy and some countries are in-between. Under such … Read more
Disinflation: A Deeper Dive into the Economic Phenomenon Disinflation, a term often used interchangeably with deflation, is a crucial concept in macroeconomics. While both terms relate to a decrease in the general price level, they differ in their nuances and implications. This article delves into the intricacies of disinflation, exploring its causes, effects, and potential … 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
Linkages between development and spread of extremism In the Indian scenario, extremism activities(e.g. Naxalism, Radicalisation) are increasing rapidly. The scale of the extremists’ operations is massive and consequently, these activities have a perilous impact on the nation’s social, economic, and political development. Improvement in standard of living is something that everyone craves and deserves it … Read more
The Shifting Landscape of Labor Force Participation: A Global Perspective The labor force participation rate (LFPR) is a crucial economic indicator that reflects the health and dynamism of a nation’s workforce. It measures the percentage of the working-age population that is either employed or actively seeking employment. Understanding the factors influencing LFPR is essential for … Read more
Unveiling the Labour Market Landscape: A Deep Dive into the Periodic Labour Force Survey The world of work is constantly evolving, driven by technological advancements, economic shifts, and societal changes. Understanding the dynamics of this landscape is crucial for policymakers, researchers, and businesses alike. A key tool in this endeavor is the Periodic Labour Force … Read more
Transfer Payments: Redistributing Wealth and Shaping Economies Transfer payments, a cornerstone of modern economies, represent a vital mechanism for redistributing wealth and influencing economic outcomes. These payments, often referred to as “non-market” transactions, involve the transfer of funds from one entity to another without any exchange of goods or services in return. This article delves … 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
Assessment of the Growth experience: POVERTY and Unemployment Poverty and unemployment are closely related High poverty has a multiplier effect on Quality Of Life, deprivation, Malnutrition, illiteracy and low Human resource development. Read morePoverty and Unemployment
Various problems of developing countries are as follows:- The Uneven Pattern of Development:-The development gap has been widening for the very poorest countries. Lack of Resources for developement Inefficiency in resource use Inadequate Skilled human resources Stagnation in agricultural development Population Growth is one of the central problems of Economic Development. Some developing countries have … Read more