India was a major economic powerhouse before the British colonized the country. The pre-independence period in India was marked by a thriving economy that was based on agriculture, handicrafts, and trade. This period was marked by a steady decline in …
The currency history of India has many different standards. The present currency system is called as Inconvertible Paper currency standard is controlled and managed by the Reserve Bank of India. The money consists of currency notes and coins that are issued by the monetary …
Investment is an essential part of any economy, and India has been focusing on creating a conducive environment for investors for a long time Public-Private Partnership (PPP) Model: This model involves collaboration between the government and private sector to carry …
Monetary policy refers to the actions and measures taken by a central bank to manage the money supply, interest rates, and credit conditions in an economy. These policies play a crucial role in maintaining economic stability and controlling inflation Reserve …
India gained independence from British colonial rule on August 15, 1947. At that time, India’s economy was predominantly agrarian, and industrialization was limited. Here’s a brief overview of the economy on the eve of independence. Agriculture Industry Infrastructure Trade India’s …
Capital and investment are two important concepts in economics that are crucial for the growth and development of any economy. Let’s take a closer look at each of these concepts. What is Capital? Capital refers to the resources that are …
Budgeting is a very crucial tool for the Indian government to manage its finances and allocate resources effectively. There are many major benefits of budgeting for the Indian government 1)Planning: The budgeting process helps the government plan its spending for …
A budget is nothing but an annual financial plan that outlines the expected revenue and expenses of a government, or an individual. There are various key budget terms that help us to understand the framework of the budget. · Revenue: Money received …
Resources play a crucial role in the development of any economy. They are essential for the production of goods and services that satisfy human wants and needs. In the context of economics, resources can be broadly classified into two main …
Financial institutions in India play a critical role in the country’s economy by facilitating the flow of funds, mobilizing savings, and supporting various sectors. They form the backbone of the financial system and contribute significantly to economic growth, stability, and …