Economic Growth

December 11, 2015

Economic Growth and Economic Development

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…

November 23, 2015

Functions of a Budget

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…

October 24, 2015

Industrial Growth in Second Five Year Plan

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…

September 13, 2015

India Versus China Growth

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…

September 13, 2015

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

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…

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Interlinking Policing and Economic growth

Economic growth is driven by several macro and micro economic indicators. Investment environment which is often regarded as important contributor to the development and growth could be dragged by the increased crimes and deteriorating law and order condition.  Competitiveness, business…

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Conceptualizing the Smart Indian cities

Indian is one of the fastest growing emerging markets of the world. Its burgeoning population stands second, next only to china. It has 31% of urban population growing at an annual rate of 3% and contributing 60% to its GDP.…