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 several theories to explain the process of economic growth. Some of the important economic growth models relevant for General Studies include Harrod-Domar Growth Model,...
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...
The most common tool to measure economic growth is GDP, which is basically sum total of goods and services produced in the country. There are several approaches of calculating...
Economic Growth is sometimes defined as a long term increase in real national income or real national output but that may not be best indicator of growth. There are two conditions in...
Economic Growth is increase in the capacity of an economy to produce goods and services – in one period, as compared to other period. In simplest terms, it...
Recently, the government released the first updated draft of National Register of Citizens including 1.9 crore citizens out of 3.29 crore applications. Other applicants will be considered in...
The Union Government has launched new scheme for protection of Majuli Island in Assam from flood and erosion. The scheme was sanctioned by Government in March, 2017 and...
China has launched world’s largest human genome research project to document the genetic makeup of one lakh people to help generate the precision medicines for the future. The...
