APSC Prelims and Mains Notes, APSC Test Series
Role of agriculture in Indian economic development-interrelationship between agriculture, industry and service sectors Role of agriculture in Indian economic development Contribution to National Income From the very beginning, agriculture is contributing a major portion to our national income. In 1950-51, agriculture and allied activities contributed about 59 per cent of the total national … Read more
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 to encourage modernisation, … Read more
The Asia Pacific Economic Cooperation (APEC) was established in 1989 as an informal Ministerial-level dialogue group with twelve members. Today APEC has 21 member economies spread out over four continents. APEC Member Economies work together to sustain economic growth through a commitment to open trade, investment and economic reform. This is accomplished by progressively reducing … Read more
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. … Read more
Economic Growth Economic growth means an increase in real GDP. This increase in real GDP means there is an increase in the value of national output / national expenditure. Economic growth is an important macro-economic objective because it enables increased living standards and helps create new jobs. Measurement of Economic Growth Economic growth is … Read more
Since the beginnings of the last decade as a part of the economic reforms programme, the taxation system in the country has been subjected to consistent and comprehensive programme. Indian government over the years have introduced tax reforms from time to time. Direct tax reforms: Reduction and rationalisation of rates- there are only … Read more
Population growth and economic development The effect of population growth on a society’s per capita output level depends on the pattern of population growth as also its institutional (organisational) framework. In other words, it depends on the age composition of the population. The pattern of spending reflects the age distribution. An ageing population—one … Read more
Issues related to Role of women in Economic and Social Development in India India has experienced rapid growth and development in the past years in many spheres. Gender equity is not one of them. This is deplorable considering the important role played by women in the socio-economic growth of the country. The … Read more
Socio Economic System: The Jajmani system and its bearing on traditional society Caste system has a stronger hold in rural areas than the cities. The traditions, customs and rules of behaviour differ from caste to caste. The members of each caste have to follow their hereditary occupation. Although the different castes are socially segregated, … Read more
Pros Economic planning is assumed to modify the restraining influence of limited resources by recognizing the existence of particular constraints and by choosing and coordinating investment projects so as to channel these scarce factors into their most productive outlets. Planning is necessary to take care of the poor and the downtrodden who have little asset … Read more