Economy

Aviation sector is one of the promising sector in India. This sector faced a growth rate of 20%  per annum in passenger traffic. As per IATA, India will become the 3rd largest aviation market in the world interms of passenger by 2026. Above data clearly states that aviation sector is not under stressed. The opportunities … Read more

PPP is public private partnership where a private entity enters into a contract with a government entity to provide public asset or service in which the private party provides its managerial expertise and operational efficiency.   Remuneration in this is linked to performance. PPP model was envisioned for infrastructure sector but now it is present in … Read more

:  According to a report of Oxfam international , India’s richest now hold 58% of country’s wealth. 57 billionaires in the country have the same wealth as that of the bottom 70% population, Wealth inequality is a serious issue. The reasons for wealth inequality are: Growing incidence of Tax avoidance and Tax evasion Existence of … Read more

Even though India has experienced a high growth period in the last 15 years but its employment elasticity has remained on lower side. The period is sometimes termed as Jobless growth period. Following are the reasons for unemployment in India: Low productivity in agriculture. Disguised unemployment in agriculture is a serious issue. More than 48% … Read more

The industrial sector has performed poorly in the reform period because of decreasing demand of industrial products due to various reasons’ such as cheaper imports, inadequate investment, infrastructure etc. India is a founder member of WTO and in facilitating globalisation of Indian Economy, India like other developing countries is compelled to open up its economy … Read more

Black money is defined  as assets or resources that have neither been reported to the public authorities at the time of their generation nor disclosed at any point of time during the possession. The problem with  black money is huge . It has serious socio-political and economic implications. According to sources the estimate of GDP … Read more

India Cash/GDP ratio is 12.24% which makes it one of the largest cash based economy. But there are certain problem for a cashless economy especially for India as : ‘ There is low penetration of internet. Last mile connectivity especially in rural sector is quite low which creates hurdle in digitisation of economy. Lack of … Read more

A healthy infrastructure provides platform for smooth functioning of economic activity. Power, telecom, transportation etc are essential for any business or economic activity. If country wants to be on the growth path it needs to work hard on capital formation in terms of infrastructure. According to economic survey, India needs $4.5 trillion for sustaining growth … Read more

Green revolution is an agricultural revolution in which agricultural productivity was increased by providing package of inputs like High yield variety seeds, chemical fertiliser and better irrigation facility. It lead to the increased agricultural production and made India a self -reliant country in terms of food production. Impact of green revolution are summarised as below: … Read more

NITI aayog(National Institute for transforming India)  is a policy think tank of the Government of India to achieve sustainable development goals and to achieve cooperative cooperative federalism by enhancing the role of state government in the economic policy making and to make bottom up approach a reality. The role of NITI aayog will be: Bring … Read more