National Income – Measurement and composition

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

Impact of globalization on Indian society

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

04.08.17 Andhra Pradesh (APPSC) Current Affairs

ANDHRA PRADESH   Government focuses on women’s health, sets up check-up camps.   In a bid to educate and motivate women regarding early screening of diseases, the district medical and health department is conducting comprehensive medical check-up camps in rural and tribal areas. Early screening for diabetes, hypertension, gynaecological problems, thyroid and cancer will be covered … Read more

Role of Public Sector enterprises in India’s industrialization in post reforms period; Disinvestment and Privatisation of Pubiic Enterprises

Public sector has played an important role in achieving industrial self reliance. Iron and steel, railway equipment, petroleum, coal and fertilizer industries, have been developed in this sector. These industries were established in industrially backward regions. During the seventh five year plan an emphasis was laid on high technology, high value addition and knowledge based … Read more

Problems of SMEs

MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes … 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

Agricultural sector reforms and its impact on growth; issues of subsidies and public investment on agriculture, reforms and agrarian crisis

Indian Agriculture is the 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 … Read more