Trade-GDP Ratio: Meaning and India’s Ratio

The trade-to-GDP ratio is obtained by dividing trade over a period by GDP of same period. It is expressed as percentage of GDP. It is also used as a measure of openness of an economy and thus is called trade openness ratio. Trade GDP Ratio – World, India and Other countries Global trade GDP Ratio was around […]

Economic Survey 2016-17: Eight Interesting Facts About India

The survey 2016-17 has put together eight interesting facts, which actually hint towards larger issues related to the country. These facts are as follows: 1. The work-related migration in India is increasing The Railway passenger traffic data reveals that around 9 million people migrate for work within the country annually. This is double of what […]