The subject economics
Learn about the Indian economy, its features, nature and the development in India. Features of Indian Economy Nature of Indian Economy India: area- 2.4%, income-1.8%, population- 17.7% (Compared to World) Changing scenario of Indian economy Model Economic development of India Main features of economic environment at the time of independence were After independence, in order …
Income Inequality : Difference between income or expenditure or assets of various groups or individual.In India, according to World Bank:Poorest 20% holds 8% of GDPRichest 20% holds 45% of GDP Quantile ratio: income of richest 20%/income of poorest 20% Palma ratio: income of richest 10%/income of forest 40% Gini coefficient G = area between 45 …
Briefly explained below are important points regarding the import substitution. Objective Ways to promote import substitution Reasons for import substitution Advantages Disadvantages Refer Economics Important Topics for more other such topics
Green Revolution refers to sudden and spectacular and exponential increase in agricultural productivity and produce due to use of high yielding variety of seeds. It include use of high yielding variety, use of chemical fertilizers, use of pesticides, crop rotation, modernized means of cultivation. Achievements Failures Components of green revolution Impacts 3 strands of Green …
Unemployment is a situation where a person is able and willing to do work but is not getting work at existing wage rate. We can relate unemployment to Philips curve as well. Types of unemployment Causes of unemployment Consequences Remedies Source of unemployment in India Underemployment Situation where people are unable to find the job …
Foreign Trade was adopted by government to protect domestic industries : Tariffs (taxes), Quotas (limit restrictions) Overview Context of international trade India’s foreign trade at independence Gains from foreign trade Why foreign trade? Criticism of foreign trade Talk about absolute and comparative cost advantage (also BOP & X-M) Top exports from India Top imports to …
Foreign Trade Policy refers to the complete framework of laws, regulations and international arguments and negotiating stances adopted by a government to achieve legally binding market access for domestic firms. It provides the basic policy framework of translating this vision into specific strategies, goals and targets. Strategic options for trade policy Any foreign trade can …
Food Processing is the process in which any raw material of agriculture, diary, meat, fishing, animal husbandry is converted that has a commercial value and suitable for human and animal consumption and also enhance its shelf life. Manufacturing process Food processing includes processes under which any raw product of agriculture, dairy, animal husbandry, meat , …
Economic development is a qualitative concept. According to M.P Todaro, “developing economy is that economy in which there is coexistence of underutilized manpower on one hand and unexploited natural resources on the other“. Features of developing economy Problems of developing economy Indicators of economic development Features of economic development Refer Economics Important Topics for more other such …
Read about the ways, problems and policies about export promotion below. Ways to increase export promotion Problems in export promotion Export promotion measures in India (under EXIM policy 1992-97) Refer Economics Important Topics for more other such topics
