Gig Economy

The gig economy refers to a labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs. Gig economy workers are typically engaged as independent contractors and are not entitled to the benefits that traditional employees receive.  Examples of Gig Economy 1. Ride-Hailing: Companies like Uber and Ola provide … Read more

What is the difference between repo rate, reverse repo rate, and MSF?

What is the difference between repo rate, reverse repo rate, and MSF? The Reserve Bank of India (RBI) possesses numerous monetary policy tools that influence interest rates. Repo rate, reverse repo rate, and MSF are quantitative instruments that the central bank employs to influence the money supply in the economy. Repo rate, commonly referred to … Read more

“Investment in infrastructure is essential for more rapid and inclusive economic growth. ”Discuss in the light of India’s experience. (2021)

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

Different shapes of recovery

•K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes. •V-shaped recovery, an economy that has suffered a sharp economic decline experiences a fast and strong rebound •W-shaped recovery, which is also called a “double dip”, means the economy picks up only to fall again and … Read more


Nidhi refers to any mutual benefit society notified by the Central Govt as a Nidhi Company. They are created mainly for cultivating the habit of thrift and savings amongst its members. •The companies doing Nidhi business (borrowing from members and lending to members only), are known under different names such as Nidhi, Permanent Fund, Benefit … Read more

Logistics Performance Index

Logistics Performance Index (LPI) is released by World Bank as part of its report every two years based on a world-wide survey of stakeholders. LPI index measures countries across 6 components: (i) Customs, (ii) Quality of trade and transport related infrastructure, (iii) Ease of arranging competitively priced shipments, (iv) Logistics quality and competence, (v) Tracking … Read more

[Solved] Explain the difference between computing methodology of India’s Gross Domestic Product (GDP) before the year 2015 and after the year 2015.

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