The National Institute of Mental Health and Neuro-Sciences (NIMHANS) is a medical institution located in Bengaluru, Karnataka. It is the apex centre for mental health and neuroscience education...
Israel has has officially confirmed withdrawal from United Nations Educational, Scientific and Cultural Organization (UNESCO) over an anti-Israel bias. Audrey Azoulay, the UNESCO chief, stated that she had...
Sue Grafton (77), an American author of detective novels, has passed away in Santa Barbara, California on December 28, 2017. According to author’s webpage, she started the alphabet...
In Shooting, ace Indian marksman Jitu Rai won the men’s 50-metre pistol national title, setting a new record score of 233 at the 61st National Shooting Championships Competition...
The measurement of Economic development is done taking into account economic growth and various aspects of economic welfare. Since, economic welfare is a qualitative aspect of development; it...
Following changes can be seen in an economy with economic development. Constituents of GDP Change With economic development, savings rate increase, government revenues increase, the share of income...
The process of development depends on a host of factors like natural resources, physical and human capital, technology, socio-politico-economic structure of the country. Determinants of development are broadly...
Modern economists don’t consider economic growth and development synonymous. For them, economic development is increase in standard of living with improvement in quality of the life; and economic...
The latest official data on India’s GDP estimates were released on 30 November,2017 for second quarter of 2017-18. As per these figures, at constant prices (2011-12), India’s GDP came...
In 1950-51, the GDP of India was Rs. 2.80 Lakh Crore (@ Constant 2004-05 prices). Currently, the size of GDP is close to 60 Lakh Crore. From independence...
Economic growth models are theoretical frameworks that explain how and why economies expand over time. They help economists and policymakers understand the factors driving long-term increases in national...
The key sources or factors that determine economic growth are Capital formation, Capital-output Ratio, occupational structure, Technological progress etc. Capital Formation Capital (both human and physical) is required...
