Indian Economy

Governments maintain the legal and social framework, provide public goods and services, redistribute income, mitigate externalities, and stabilise the economy. The founders of our country envisioned a relatively restricted role for the government in economic concerns to safeguard and maintain economic and political freedom. Individual buyers and sellers, not the government, make most economic decisions […]

Fiscal Policy It means the use of spending and tax policies of the government to influence the economic conditions of the country, especially the macroeconomic conditions, which include the collective demand for goods and services, employment to the population, rate of inflation, and growth of the economy. The money spending power of the citizens of

Open unemployment is the major issue that occurs in the country, generally, it occurs due to a lack of opportunity in the country. Furthermore, in the open unemployment, the persons are skilled and educated however; the person does not grab the opportunity. In the open unemployment, people are facing several problems in every field such

Frictional unemployment is a type of unemployment that occurs due to leaving and searching for a job. Furthermore, sometimes-frictional unemployment occurs due to the effect of the economy in the country. In this, the employees and workers are searching for a new job between the searching and leaving a gap is the main reason for

Unemployment in the Indian economy can be defined as the state or condition in which people of a particular age group desperately look for a job. Despite searching, job seekers are unable to find a job. In the Indian economy, the National Sample Survey Organisation (NSSO) is responsible for determining the employment rate in the

Unemployment and “Indian economy” are connected since when the rate of unemployment gets increased then the economy of a country also gets badly affected. Since the unemployment rate is high in India, therefore the “Indian economy” has been facing a huge number of problems. Current overview of unemployment rate in India Unemployment rate in India

Open unemployment is the major issue that occurs in the country, generally, it occurs due to a lack of opportunity in the country. Furthermore, in the open unemployment, the persons are skilled and educated however; the person does not grab the opportunity. In the open unemployment, people are facing several problems in every field such

In the context of the “Indian economy” it can be stated that “compulsory unemployment” refers to a situation wherein the workers are eager in doing the work at a given market wage which is being presented just below. However, they are being prevented by several factors which go beyond control. All these factors mainly encompass

Regarding the Indian economy, under-employment can be said to be a situation when an individual is not fully employed permanently for the duration of time. Under-employment is also sometimes called disguised unemployment when an individual or group does not have a job or appears to be unemployed. This article is based on under-employment in terms

Unemployment means that the demand for jobs has increased in the country. Furthermore, it occurs whenever the country is facing a recession in the economic sector of the country. Cyclical unemployment is the major factor that creates unemployment in the country. Moreover, the country is facing a pandemic that harms the economy. Cyclical unemployment is