Indian Economy

Economic Planning-Twelfth Five Year Plan has been developed to improve several factors associated with the economic issues in the country. However, the policy constructs a strong policy that increases the potentiality of sustainable financial growth of the country. As per the primary criteria of the Twelfth five-year planning in the year 2012, it focuses on […]

There is a mixed economy in India, where public and private sectors coexist in a developing economy. To get a general picture of the Indian economy, one must first look at its strengths rather than weaknesses. Definition of Indian Economy The Indian economic system describes the role or pattern of manufacturing and distribution in society.

The field of economics is very practical and realistic. It attaches to the survival and financial aspects of our lives. Economics is a determinant of sustenance for both the country and its individuals. The continuous change in the economy, prices and demands affect the consumption and production levels. Through economics, it becomes easier to understand

In 1961, the third five-year plan was enforced by the Indian government in order to develop the economy of India. Developed in April 1961, this plan aimed to take the initiative of economic development of the country a step ahead that was initiated about a decade ago. The objectives and magnitude of this plan along

It is crucial to understand the economy to do well in any business. Price elasticity of demand is an essential factor contributing to the economy. Elasticity is a generic measure of an economic variable’s responsiveness to changes in another economic variable. Experts use elasticity to confine how variables interact. The three basic types of elasticity

The Liquidity Adjustment Facility (LAF) is a money transferring tool utilized and referred to by the Reserve Bank of India to adjust liquidity in the banking system. The objective of LAF is to ensure that there is enough liquidity in the banking system to support economic growth. What is a Liquidity Adjustment Facility? The Liquidity

A country’s economy is the pillar of its survival in this world. Without a strong economy, everything deteriorates in a country. Therefore, without a strong economy, a country will not be able to purchase goods or services, nor will it be able to make a good amount of profit on the exports that it makes

The Department of Economic Affairs is the focal agency for the Union government and is responsible for developing and monitoring national economic policies and programmes affecting domestic and international economic management. One of the department’s main responsibilities is to prepare and submit to Parliament the Union budget under the President and the executive branch within

The public sector, state legislatures, and municipality organisations make up the tax framework. Throughout India, there seem to be two main types of taxation in the Indian Tax System: direct and indirect taxes. Both corporations and individuals were subject to direct tariffs. All fees are non-transferable. Income tax has been the most significant sort of

Introduction Steel has been considered as a backbone of any human civilisation. It is a crucial part of any developed country. The per capita consumption of steel helps to measure the index of the level of socio-economic development of any country and the living standards of its citizens. All major industries are dependent on the