Nature of Indian Economy: Structure and Key Features
Since independence India has been a 'Mixed Economy'. India's large public sectors were responsible for rendering the country a 'mixed economy' feature. Indian economy is basically based in the contribution…
Types of Index
Gender Inequality Index The Gender Inequality Index (GII) is a new index that was introduced in the 2010 Human Development Report’s 20th anniversary edition by the United Nations Development Programme (UNDP) for…
Five Year Plans after the Liberalization
The Planning Commission was set up in March, 1950 by a Resolution of the Government of India. The economy of India is based on planning through its five-year plans. Five…
Indian Economy – Sustainable Development
· The economic growth that a country and its people achieve over a period of time, is achieved at the cost of the environment. · Environment is badly damaged because of various…
Indian Economy – Macro Economics
· Macroeconomics is a broader concept; it talks about the whole economics of the country. For example − Growth of GDPTotal production of cereals in IndiaTotal export in 2014UnemploymentInflation etc · In…
Indian Economy – Micro Economics
· Needs are the basic items required for human survival. And, goods and services are produced to satisfy those basic needs. Every individual in one or the other way is engaged…
Indian Economy – Open
· In the modern world, most of the economies are ‘Open Economy’ because of the three following reasons − o Market Linkage − It means consumers and firms both have the opportunity to…
Indian Economy – Reforms
· 1991 was a landmark year in the history of Indian economy. There was a tectonic shift in the Indian economic policy (during this year). · In 1991, India suffered great economic…
Indian Economy – Consumer Rights
· All of us are consumers, as all of us go to the market and purchase products; this is irrespective of the fact that we buy salt for Rs. 20 or…
Indian Economy – Government Budget
· In a mixed economy, Government plays an important role. · On certain things, the government has an exclusive right, such as national defence, roads, government administration, etc. (these are known as public…
