Indian economy

Commissions/Committees & Their Purpose

  Commissions/Committees & Their Purpose Arjun Sen Gupta   Public Sector Enterprise Autonomy Committee         Rangarajan Committee   Disinvestment of PSUs & Balance of Payments. Malhotra Committee   Insurance Sector & its regulation. Follow up led to setting up of IRDA. Madhukar Committee   Gold exchange traded fund implementation. L.C. Gupta Committee … Read more

Distribution of Mulberry and Non-mulberry Sericulture (area, production and productivity across states), Cocoon Production

Distribution of Mulberry and Non-mulberry Sericulture (area, production and productivity across states), Cocoon Production Sericulture which has its origin in China is an age old industry in India. Silk route is one of the ancient internationally recognized route for global business for not only silk but also other important commodities. History reveals that silk is … Read more

-SUBSIDIES- CASH RANSFER OF SUBSIDY ISSUE

Subsidies- Cash Transfer of Subsidy Issue. A subsidy is a benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in the interest of the public. Direct Cash … Read more

Industrial development and Economic reforms in India : Major changes in industrial policy, its impact on industrial growth

The Indian Government had undertaken industrial policy reforms since 1980, but the most radical reforms have occurred since 1991, after the severe economic crisis in fiscal year 1990-91. These reforms mainly aim  at enhancing the efficiency and international competitiveness in Indian industry. India’s industrial policy of 1991 towards liberalisation, deregulation, market orientation has been hailed … Read more

Meaning and Measurement of Economic Development

Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is measured … Read more

JPSC Prelims Notes for Economic Concepts and Indian Economy

Basic Features of Indian Economy (I) National Income ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at factor cost etc; (II) Inflation : Concept control of inflation : monetary, fiscal and direct measures. (III)Demographic features : Work force composition, demographic … Read more

Development status and Issues pertaining to socially and economically marginalised sections, like STs, SCs, religious minorities,backward castes and women; schemes launched for their development by Central/State Governments, including TSP, SC,ST and minorities

The founding fathers of our Constitution desired to secure justice, social, economic and political for all citizens. They realized that the inequitable forces embedded in the socio-economic system and also political organizations, had resulted in deprivation and disadvantages for the poor and the weaker sections of the society. They, therefore, considered it necessary to provide … Read more

Indian planning since 1951: Objective and Achievements.

First Plan (1951 – 56) Target Growth : 2.1 % Actual Growth 3.6 % It was based on Harrod-Domar Model. Influx of refugees, severe food shortage & mounting inflation confronted the country at the onset of the first five year Plan. The Plan Focussed on agriculture, price stability, power and transport It was a successful … Read more