APSC Prelims and Mains Notes, APSC Test Series
Basic characteristics of Indian Economy as a developing economy Low per capita income: In India, the national income and per capita income is very low and it is considered as one of the basic features of underdevelopment. As per World Bank estimates, the per capita income of India stood at only $ … Read more
Effects of the policies of developed and developing countries on India’s interest Impact of globalization on india Globalization helps developing countries to deal with rest of the world increase their economic growth, solving the poverty problems in their country. In the past, developing countries were not able to tap on the world economy … Read more
Low per capita income: In India, the national income and per capita income is very low and it is considered as one of the basic features of underdevelopment. As per World Bank estimates, the per capita income of India stood at only $ 1900 in 2017. Excessive dependence of agriculture and primary producing … Read more
The stability of FDI even during the crisis period led many developing countries to favour FDI over other forms of Short-term inflows. The Foreign Countries Investors are willing to invest in Developing countries because it allows them to seek highest returns. It also reduces the risk faced by the owner of capital by allowing … Read more
In 1978, the World Bank, for the first time, constructed an analytical country classification system. The occasion was the launch of the World Development Report. Annexed to the report was a set of World Development Indicators (WDI), which provided the statistical underpinning for the analysis. The first economic classification in the 1978 WDI divided … Read more