Per capita Income: GK, Current Affairs, Questions, Trivia and News

IMF: World Economic Outlook

On June 24, 2020, the International Monetary Fund projected a sharp decline in the growth of Indian Economy. According to the IMF, the Indian economy is to contract by 4.5%. Highlights According to IMF, though India’s growth is to decline, the country will bounce back in 2021 with a growth rate of 6%. Global Projections ..

Rich MPs of Poor India

The average annual per capita income in India stands at around one lakh rupees. But their representatives are Crorepathis. The NGO Association for Democratic Reforms (ADR) working for electoral and political reforms makes the following observations about the crorepati MPs: Results of the recently concluded Lok Sabha Elections show that richer the candidate the brighter ..

What is Catch Up Effect?

Catch Up Effect refers to the faster growth is observed in poor and developing economies in comparison to the ones with a higher per capita income and gradually reach the same levels. It shows that there is a possibility that all the economies may combine as far as income per head is concerned gradually. Thus ..

General Compendium-1

What is a “Casting Vote in India Politics?Speaker’s Vote in Loksabha is known as Casting Vote. What is “Cultural Revolution of China“?Cultural Revolution in the People’s Republic of China was a period of widespread social and political upheaval; the nation-wide chaos and economic disarray engulfed much of Chinese society between 1966 and 1976. It was ..