CGPCS Prelims and Mains Notes, CGPCS Test Series
Points to Remember: NITI Aayog’s role in fostering cooperative federalism. Its focus on achieving Sustainable Development Goals (SDGs). The emphasis on evidence-based policymaking. The shift from a centrally planned economy to a more collaborative approach. Introduction: NITI Aayog (National Institution for Transforming India), established on January 1, 2015, replaced the Planning Commission of India. The … Read more
Points to Remember: Inclusive growth benefits all segments of society. It requires addressing inequalities in income, opportunity, and access to resources. Measurement of inclusive growth is complex and multifaceted. Policies promoting inclusive growth require a holistic approach. Introduction: Inclusive growth is an economic development paradigm that emphasizes broad-based prosperity and well-being, ensuring that the benefits … Read more
Points to Remember: Demographic dividend refers to the economic growth potential that can result from shifts in a population’s age structure. It’s driven by a rising proportion of working-age adults relative to dependents (children and elderly). Successful harnessing requires investments in education, health, and job creation. Failure to capitalize can lead to unemployment, social unrest, … Read more
Points to Remember: Repo rate and reverse repo rate are crucial monetary policy tools used by central banks. They influence short-term interest rates and liquidity in the banking system. Understanding their impact is vital for comprehending monetary policy’s effect on the economy. Introduction: Repo rate and reverse repo rate are two key instruments employed by … Read more
Points to Remember: National Income is a measure of a country’s overall economic output. It can be calculated using different approaches (income, expenditure, output). Different measures of national income exist (GDP, GNP, NNP, etc.). National income data is crucial for economic policymaking. Introduction: National Income refers to the total monetary value of all final goods … Read more