Economy Booster

 Natural resources, their sustainable management and conservation A natural resource is something that is found in nature and can be used by people. Earth’s natural resources include light, air, water, plants, animals, soil, stone, minerals, and fossil fuels. People need some natural resources to stay alive. They use others to make their lives … 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

 Basic characteristics of Indian Economy as a developing economy 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 $ … Read more

 Industries and industrial estates of Hyderabad Hyderabad is a historic beautiful City and is the Capital of Telangana. The city is called “Pearl City” and famous for its twinkling pearls and glass embedded bangles. The city was founded during Qutub Shahi dynasty and was called Bhagyanagar. The present Hyderabad district came into existence … Read more

 Current account deficit and Unfavorable balance of payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, … Read more

 Patents and Intellectual Property Rights. (TRIPS & TRIMS) Intellectual Property Rights (IPR) are set of rights associated with creations of the human mind. An output of the human mind may be attributed with intellectual property rights. These are like any other property, and the law allows the owner to use the same to … Read more

 SKILL DEVELOPMENT Introduction India is passing through the phase of demographic transition which could be the biggest opportunity or the biggest concern of the country depending upon the utilization of its huge work force. India adds 12 million people to its workforce annually, but very few have any formal skill training. Today, less … Read more

 Sectoral Composition with respect to contribution to Gross Domestic Product (GDP) and Employment Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry and related activities. Industry includes various manufacturing sub-sectors. India’s definition … Read more

 Market Economy A market economy is a system where the laws of supply and demand direct the production of goods and services. Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.  Businesses sell their wares at the highest price consumers will pay. At the same time, shoppers look for the lowest prices … Read more

 SARVA SHIKSHA ABHIYAN IN UTTARAKHAND   In a federal setup like India, strategy for realizing development has to be formulated and implemented at State level within the contours of National framework. Uttarakhand accounts for 1.69 per cent of area of the country as a whole. A brief review of growth trajectory over the … Read more