Indian Economy

India’s Cash-to-GDP Ratio

February 14, 2017

Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Implications of higher Cash-GDP Ratio There are two dimensions of cash viz. its function and its nature / origin. In terms of function, cash can be...

Economic Survey 2016-17: Chapter-10 – One Economic India: For Goods and in the Eyes of the Constitution

February 14, 2017

In this chapter, the survey has analyzed the degree of economic integration done in last 70 years while keeping in focus the inter-state trade within the country. India’s internal trade to GDP ratio is around 54% which is comparable to that of other large countries. However, there...

Economic Survey 2016-17: Chapter-08 – Review of Economic Developments

February 14, 2017

In this chapter, the survey has given a crisp overview of latest data and facts on Indian economy along with estimates for the coming year. This chapter is more relevant to your prelims paper and also MCQ based examinations. The key observations from this chapter are as...

Economic Survey 2016-17: Chapter-04 – The Festering Twin Balance Sheet Problem

February 14, 2017

In the fourth chapter, the survey has discussed the Twin Balance Sheet {TBS} problem and made a case for establishment of a Public Sector Asset Rehabilitation Agency (PARA). Understanding Twin Balance Sheet Problem The centre-piece of TBS problem are Non-performing assets (NPAs) which have resulted into two...

Economic Survey 2016-17: Chapter -03: Demonetization: To Deify or Demonize?

February 14, 2017

In its third chapter, the survey tries to analyze {and to justify} the rationale behind governments move to demonetize, impacts of demonetisation, benefits of demonetisation and way forward. We note that there were two previous instances of demonetization, one was in 1946 and other was in 1978,...

Economic Survey 2016-17: Chapter-2: Economic Vision For Precocious, Cleavaged India

February 14, 2017

“Democracy” has allowed India to show a robust performance in economic growth yet, there are  serious challenges that underline the poor democracy with deep social fissures in the country. Due to these challenges, the economic survey calls India a precocious, cleavaged democracy. As highlighted in chapter-1, these...

Economic Survey 2016-17: Chapter-1: Economic Outlook and Policy Challenges

February 14, 2017

This is a summary of the chapter 1 of the Economic Survey 2016-17. Key Economic Reforms in 2016 At domestic front, year 2016 was marked by two major policy developments viz. passage of GST bill and demonetisation.  The GST will create a common Indian market, improve tax...

Impacts of Globalization on Indian Economy

October 31, 2016

Globalization is seen as a process defining the growing interdependence between various economies of the world. The term is also used specifically for economic globalisation which stands for aligning regional economies with the global economies through the vehicle of trade, FDI, flow of capital, technological advancement and...

National Business Register

May 20, 2016

The Government of India has launched a mammoth enumeration exercise in March 2016 to collect data on all the business enterprise in the country for the National Business Register. Objective of this initiative is to strengthen the assessment of economic activity in the country. Current Position There...

Scheme for Enhancement of Competitiveness of the Capital Goods Sector

May 13, 2016

The Scheme for Enhancement of Competitiveness of the Capital Goods Sector was approved by Union Cabinet in September 2014. Capital Goods sector has 9-12% share in the total manufacturing by value added but the sector suffers from numerous problems. This sector has been particularly under focus of...

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