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GDP is defined as a measure that expresses the economic value of a country’s economic activities. In other words, it is the market value of all the goods and services produced within an economy in a particular period. The National Statistical Office calculates the GDP figures (NSO). In 2015, a new series was launched to … Read more
Planning from a gender perspective is known as gender budgeting. It explicitly set aside funds for the progress of women. In 2005, it started in India. A list of programs that emphasized the welfare of women was included in the budget statement. They were divided into two categories: 1) women-specific schemes (those having a 100% … Read more
The nation’s basic infrastructural facilities serve as the building blocks for growth. The economy functions below ideal levels and continues to lag behind its potential and trajectory of frontier growth in the absence of suitable infrastructure. Infrastructure spending is necessary for more rapid and inclusive economic growth 1) Construction of infrastructure, such as roads, buildings, … Read more
Inclusive growth is the development of a country with equal chances and without prejudice. All individuals (poor and rich), all geographies, and all economic sectors (agricultural, industry, services) contribute equally to inclusive growth. Salient features of inclusive growth 1) Skill Development– Employability, health, education, vocational training, and skills of the working age population will determine … Read more
Ever-greening loans – It is lending a new loan to a borrower on the verge of default, near the repayment date of an existing loan, to facilitate its repayment. Fiscal Deficit – Reflective of the total borrowing requirements of the Government. GDP – An economy’s annual GDP is the total money value of all final … Read more
GDP is defined as a measure that expresses the economic value of a country’s economic activities. In other words, it is the market value of all the goods and services produced within an economy in a particular period. The National Statistical Office calculates the GDP figures (NSO). In 2015, a new series was launched to … Read more
Q. “As economies get market-oriented, the role of planning gets diluted as decisions get taken efficiently by the markets.” Critically discuss. (10mark) (150words)