economy

India’s Foreign Trade – Volume, Composition and Direction

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INTRODUCTION Among several features of globalization, one relates to increasing interactions among nations and removal of barriers to facilitate movement of goods, capital, labour and technology. It is a process that renders various activities and aspiration worldwide in scope or application. As a part of this process of increasing integration of the world, many countries … Read more India’s Foreign Trade – Volume, Composition and Direction

Soil fertility

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Soil fertility refers to the ability of a soil to sustain agricultural plant growth, i.e. to provide plant habitat and result in sustained and consistent yields of high quality. A fertile soil has the following properties:- It is rich in nutrients necessary for basic plant nourishment. This includes nitrogen, phosphorus and potassium. It consists of adequate minerals such as boron, … Read more Soil fertility

Impact of globalization on Indian society

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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

Issues related to Role of women in Economic and Social Development in India.

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Issues related to Role of women in Economic and Social Development in India India has experienced rapid growth and development in the past years in many spheres. Gender equity is not one of them. This is deplorable considering the important role played by women in the socio-economic growth of the country. The Indian development model … Read more Issues related to Role of women in Economic and Social Development in India.

National Farm Subsidies and Minimum Support prices etc.

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  Issues of Direct and Indirect Subsidy for farm sector and other social sectors.  Subsidy is one of the powerful fiscal instruments, besides taxes and others, by which the objective of growth and social justice may be achieved.   Subsidies alter relative prices and budget constraints and thereby affect decisions concerning production, consumption and allocation … Read more National Farm Subsidies and Minimum Support prices etc.

Characteristics of Indian Economy : Before and After Independence

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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

PPP Model of Economic Development

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Public-Private Sector Partnership (PPP) Public-private partnerships between a government agency and private-sector company can be used to finance, build and operate projects, such as public transportation networks, parks and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place. … Read more PPP Model of Economic Development

Schemes for Rural and Social Development – Welfare and Developmental Programmes

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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

Balance of payments and Devaluation

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Balance of Payments is a systematic record of all economic transactions undertaken by residents of one country i.e. households, firms and the government with their counterparts in rest of the world. It consists of: 1. Current Account, 2. Capital Account and 3. Reserve Account. The Current Account covers transactions in goods and services and transfers … Read more Balance of payments and Devaluation

Budgetary deficit – Revenue, Primary and Fiscal.

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Budgetary Deficit is the difference between all receipts and expenditure of the government, both revenue and capital. This difference is met by the net addition of the treasury bills issued by the RBI and drawing down of cash balances kept with the RBI. The budgetary deficit was called deficit financing by the government of India. … Read more Budgetary deficit – Revenue, Primary and Fiscal.