IMPACT OF NEW ECONOMIC POLICY India’s post-independence development strategy showed all the signs of stagnation, but the economy started showing the sign of recovery in the early nineties when the government adopted the new economic model known as Liberalization, Privatization and Globalization (LPG) to meet a grave economic crisis; characterized by unprecedented adverse balance of … Read more New Economic Policy (NEP) – Its Impact on Agriculture, Industry and Foreign Trade.
Population growth and economic development The effect of population growth on a society’s per capita output level depends on the pattern of population growth as also its institutional (organisational) framework. In other words, it depends on the age composition of the population. The pattern of spending reflects the age distribution. An ageing population—one that contains … Read more Population growth and economic development
Census of India : Economic and Social features Rural and urban population Altogether, 833.5 million persons live in rural area as per Census 2011, which was more than two-third of the total population, while 377.1 million persons live in urban areas. Urban proportion has gone up from 17.3 per cent in 1951 to 31.2 per … Read more Census of India : Economic and Social features
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 Sources of Income of State Government
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 Characteristics of Indian Economy : Before and After Independence
MNREGA and community power structure Several rural development programmes were initiated in India during 1950s and 1960s. These programmes, popularly known as community development programmes, regarded rural people as beneficiaries but not participants in the development process. They were centrally designed and were implemented by extension agents using a top-down mode of decision-making. Those agents … Read more MNREGA and community power structure
Social Welfare Programmes of India Social Welfare sector is responsible for the welfare, rehabilitation and development of the Persons with Disabilities, the Social Deviants, and the Other Disadvantaged who require special attention of the State because of the disabilities and vulnerabilities they suffer from. While there is no information about the size of the population … Read more Schemes for Rural and Social Development – Welfare and Developmental Programmes
(SHGs) and Civil Society in India The (SHG) initiative was adopted by India several decades ago in order to alleviate poverty, and improve women’s ability to achieve rights and well-being. At the beginning, SHG was an initiative undertook by NGOs, but later on, due to its success in improving live standards and delivering … Read more Self Help Groups
The term Sustainable growth became prominent after the World Conservation Strategy Presented in 1980 by the International Union for the Conservation of Nature and Natural Resources. Brundland Report(1987) define sustainable development as the a process which seek to meet the needs and aspirations of the present generation without compromising the ability of the future generation … Read more Sustainable development and Inclusive growth
The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and promoting long-range balance growth in international trade. The World Bank was established in December 1945 at the … Read more World Bank, International Monetary Fund (IMF) and Asian Development Bank (ADB).