UKPCS Prelims and Mains Notes-UKPSC Test Series
Mainstay of Indian Economy Since independence, undergone a change from being the sector contributing the highest share to the GDP to one contributing the lowest share. Agriculture is a state subject. GDP contribution (Agriculture and allied sector) 5 pc in 1950-51 7 pc in 2008-09 and 14.6 pc in 2009-10. It was 19 pc in … Read more Indian Agriculture
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
Globalization essentially means integration of the national economy with the world economy. It implies a free flow of information, ideas, technology, goods and services, capital and even people across different countries and societies. It increases connectivity between different markets in the form of trade, investments and cultural exchanges. The concept of globalization has been explained … Read more Impact of globalization on Indian society
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
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
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).
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.
Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Objectives of Monetary Policies are:- Accelerated growth of the economy Balancing saving and investments Exchange rate stabilization Price stability Employment … Read more Monetary Policies
(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