Concept of Gross Value Added

March 11, 2016

In January 2015, the MOPSI had released the new series of national accounts, revising the base year from 2004-05 to 2011-12. With this, the GDP at Factor Cost has been replaced by Gross Value Added (GVA). With this change, GDP at market prices is now referred to in GDP in government accounts....

Role of Industrialization in Economic Development

October 24, 2015

Industrialization plays a vital and crucial role in the economic development of an under-developed nation. Compared to the developed nations, which are largely Industrial Economies, the under-developed nation are predominantly agricultural economies. Industrialisation in such under-developed nations is dependent on the role of agricultural sector. In India,...

Chemical Industry in India

October 25, 2013

Chemical industry is one of the oldest industries in India, which contributes significantly towards industrial and economic growth of the nation. Since this industry has numerous forward and backward linkages, it is called the backbone of the industrial and agricultural development of the country and provides building...