Economy

Facing Global Competition

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Facing Global Competition Globalisation means gradual integration of economies through free movement of goods, services and capital which has significant impact on the economies of both developed and developing countries. Globalisation refers to a process of growing economic interdependence among different countries of the world. Thus, in the globalised era, the whole world is changing … Read more Facing Global Competition

Structural changes in the Indian Economy

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Structural changes in the Indian Economy Change in composition of domestic product or change in national income by industry of origin refers to change in relative significance (share) of different sectors of the economy. Generally, an economy is divided into three major sectors viz. primary, secondary and tertiary sectors. Primary sector includes agricultural and allied … Read more Structural changes in the Indian Economy

Utilization of public fund

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Utilization of public fund Intergovernmental transfers from the centre to the states takes place through three channels: statutory and other transfers mandated by the Finance Commission, formula-based transfers for State Plan Schemes through the Planning Commission, and other discretionary transfers by the Planning Commission/ various central Ministries. The entire tax sharing is a part of … Read more Utilization of public fund

Advance Infrastructure in Rural Areas

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Advance Infrastructure in Rural Areas Good quality infrastructure is critical to sustainable growth, especially for rural areas. As over 60 per cent of the population lives in rural areas, with low levels of per capital income, there is need to impart greater attention in improving rural infrastructure. Currently the rural infrastructure is inadequate to support … Read more Advance Infrastructure in Rural Areas

  Role of Foreign Capital

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Role of Foreign Capital and Multinational companies in Industrial development of India The development of any society or country without economic development is a myth. Economic development brings prosperity which in turns is directly proportional to the amount of goods and services produced quantitatively or in broad sense we can say in money equivalent. So the … Read more   Role of Foreign Capital

Regional imbalances and income inequalitiies in India

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Regional imbalances and income inequalitiies in India: Steps taken by the Government to reduce it. Regional imbalance is the disparity in economic and social development of two regions. One region/city/area is stronger than another region/city/area. Regions develop when investments are made to set up industries, service sectors, educational institutions, health care facilities etc. Income inequality is the unequal distribution of … Read more Regional imbalances and income inequalitiies in India

Economic reforms in india

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Economic reforms in india New Industrial Policy Under Industrial Policy, keeping in view the priorities of the country and its economic development, the roles of the public and private sectors are clearly decided. Under the New Industrial Policy, the industries have been freed to a large extent from the licenses and other controls. In order … Read more Economic reforms in india