Economic Growth

Credit Expansion: Meaning, Role and India’s Credit-GDP Ratio

February 14, 2017

Credit means loan and credit expansion means that people are taking more loans. The increase in loans for the private sectors, individual, and public organisations is credit expansion. Credit to GDP ratio is seen as an indicator of credit expansion in the country. Objective of Credit Expansion...

Economic Growth and Economic Development

December 11, 2015

Economic Growth and Economic Development are central to developed as well as developing economies. Classical thinkers such as Adam Smith, Karl Marx examined the problem of economic development as early as 18th century. However, the study of economic growth and development as a specialized study started during...

Functions of a Budget

November 23, 2015

The key functions of a government budget are discussed below: Public Policy Document The budget serves as a public policy document expressed in money and is an embodiment of implied policy objective in monetary terms. Redistribution of Wealth The most important function of budget is redistribution of...

Industrial Growth in Second Five Year Plan

October 24, 2015

The second five year plan was based on Industrial Policy Resolution of 1956  and it accorded top priority to Industrialisation. Based on the Mahalanobis model, this plan emphasised the setting up of Basic and Heavy Industries so that a strong base for rapid industrialisation, self-reliance, technological development...

India Versus China Growth

September 13, 2015

India has been a noisy political democracy where problems are created by clashing ideologies and political interests of the multiple number of political parties without any coherent approach to development. China on the contrary had singled-out a goal which it followed diligently with determination and mobilisation of...

Goods & Services Tax (GST) and its role in Economic Growth

September 13, 2015

Goods and Services Tax which might  come in effect from April 2016, is a Value Added Tax will replace all indirect taxes levied on goods and services in India by both Central and State governments. It will help government tackle the menace of double taxation in a...

Interlinking Policing and Economic growth

March 13, 2015

To what extent the fearless atmosphere and low crime rate can help in achieving Economic growth? Critically examine throwing light on state of policing in India.

Conceptualizing the Smart Indian cities

March 1, 2015

How does the concept of smart cities would help cater India’s growing urbanization problem? What constitutes the smart cities? What are the challenges to its implementation?