Indian Economy – Money and Banking
· Money is a commonly accepted medium of exchange. · Economic exchanges without the arbitration of money are called barter exchanges. · Barter exchanges become extremely difficult in large economies because of the…
Indian Economy – Rural Development
· About two-third of the total population in India lives in villages; so, integrated rural development will lead to the nation’s development. Credit and Marketing in Rural Areas · In 1969, Indian…
Indian Systems of Medicine
· Indian System of Medicine (ISM) − The ISM integrates six systems of treatment under it. They are as follows − AyurvedaYogaSiddhaUnaniNaturopathyHomeopathy Other Facts · Medical infrastructure in India is poorly developed; there…
Indian Economy – Food Security
· Food Security is a comprehensive term that includes − o Availability o Accessibility o Affordability of food for all · Availability of Food means, there should be enough food for everyone irrespective of his or…
Indian Economy – Poverty
· Poverty in India is deep rooted. The 200 years under British further intensified it. · After independence, several programs have been brought forward through Five-Year Plans in an attempt to alleviate…
Indian Economy – National Income
· The economic wealth or well-being of a country does not only depend upon the possession of resources, it also depends upon the optimum utilization of resources is more important. · The consumer may…
Indian Economy – People as Resource
· Knowledge is the most significant and valuable property of a human being. · Human resource has a great contribution to the Gross National Income. · Human resources development is the process of…
Indian Economy – Demography
· Hauser and Duncan defined Demography as the study of the size, territorial distribution, and composition of population, changes therein, and the components of such changes. Population Status B/W 1881 and 1941…
Measurement of Economy
· Gross Domestic Product (GDP) is the value of all goods and services produced by all the three sectors over a period of time. · The majority of workers employed in a…
Indian Economy – Sectors
· Economy is normally categorized into three sectors namely − Primary SectorSecondary SectorTertiary Sector Primary Sector · Primary Sector is directly dependent on environment for manufacture and production. For example, agriculture, mining, farming etc. Secondary…
