What is the meaning of Brexit?

Brexit is a term which is used for withdrawal of Britain from the European Union as per a popular referendum which was held on June 23, 2016, in which 51.9% of the electorate voted to leave the EU. The government of Britain invoked Article 50 of the Treaty of European Union on March 29, 2017, […]

White House: India one of fastest-growing countries in the world

Economic Report of the US President for the year 2017 has said that India, with real GDP expanding at 7.3% is one of the fastest-growing countries in the world. According to the report, with 7.4% growth over the four quarters of 2016, India’s economic growth is likely to continue at a solid pace. The 600-page […]

Economic Growth: Meaning, Measurement, Merits and Limitations

Economic Growth is increase in the capacity of an economy to produce goods and services – compared to one period to other. In simplest terms, it is the rate of change at which an economy is growing year after year or percentage change in the GDP of the country. It’s a narrow concept which focuses […]