Economy Booster

Planning and Foreign Trade Foreign Trade is the important factor in economic development in any nation. Foreign trade in India comprises of all imports and exports to and from India. The Ministry of Commerce and Industry at the level of Central Government has responsibility to manage such operations. The domestic production reveals on exports and … Read more

 Indian Institute of Management The Indian Institutes of Management (IIMs) are a group of 20 public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programmes. The establishment of IIMs was initiated by Jawaharlal Nehru, the first Prime Minister of India, based on the recommendation … Read more

 State finances The constitution (73rd and 74th) Amendment Acts, 1992 and Article 280 (3) (c) have altered the erstwhile fiscal devolution system and framework between the states and local governments. Under the new fiscal devolution system every state government is required to constitute, once in five years, a Finance Commission under articles 243 (I) … Read more

   Age structure, sex ratio and Rural-Urban composition of India   Rural-Urban Composition:   For the first time since Independence, the absolute increase in population is more in urban areas that in rural areas Rural Population in India: 68.84% Urban Population in India: 31.16% Level of urbanization increased from 27.81% in 2001 Census to … Read more

Institutions of developmental finance A Development Financial institution (DFI) is defined as “an institution endorsed or supported by Government of india primarily to provide development/Project finance to one or more sectors or sub-sectors of the economy. the institution differentiates itself by a thoughtful balance between commercial norms of operation, as adopted by any financial institution … 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

 Liability based on fault Fault liability requires some basis to determine whether someone was negligent, i.e. at fault for the harm he caused. Briefly, that would require:   Duty Breach of that duty Proximate cause Actual cause Damages For example, if you were in a car accident, the fact that you were speeding … Read more

 Decentralization:Top down planning and bottom up planning Decentralised planning is a kind of percolation of planning activities or process from the Centre to the sub- state levels, i.e., district, sub-division, block and village level. Since the inception of First Plan, the importance of decentralised planning was emphasised in order to achieve active people’s participation … Read more

 Industrial Sector- Growth and recent trends Trends in Industrial growth Phase one Which had laid the basis for industrial development in the future. The second plan, basedon Mahalanobis model, emphasized the development of capital goods industries and basic industries. Accordingly huge investments were made in industries like iron andsteel, heavy engineering etc the … 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 Indian development model … Read more