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 …
Financial assets refer to instruments or contracts that represent ownership or a claim to a specific monetary value. In India, there are various financial assets available for individuals and organizations to invest in and grow their wealth Equities (Stocks): Fixed …
The Indian financial system is a robust and dynamic framework that plays a crucial role in supporting the country’s economic growth and development. It encompasses various institutions, markets, and regulatory bodies that facilitate the flow of funds and promote efficient …
India, a diverse nation, has witnessed significant changes in the economic development over the years. From being primarily agrarian to become one of the world’s fastest-growing economies, India’s journey of economic development can be divided into distinct phases. Phase 1: …