Economic development refers to economic growth that is accompanied by the improvement in the well-being of the people. To expand economic development, it needs different aspects like political stability, capital, and a combination of public and private capabilities. There are …
GDP Price Deflator and Core Inflation are some of the interesting and important topics in the UPSC Economy subject. GDP Price Deflator GDP Price Deflator is also known as GDP deflator and implicit price deflator. GDP Price measures the changes …
Economic growth is an important topic to understand the market, goods, and services produced in the country. Today we will be discussing in detail economic growth and how is it measured. Economic growth simply means it is an increase in …
The COVID-19 pandemic has had a profound impact on various sectors of the Indian economy, including the financial market. This blog post aims to shed light on the key effects of the pandemic on the Indian financial market, providing a …
Gross National Product(GNP) is the total value of all the goods and services that are produced by the residents and businesses of a country. GNP doesn’t rely on the location of the production, it takes the investments made by the …
National Income(GDP) National income is a bookkeeping method that governments use to track the economic activity level in the country through regular time. Here we will discuss in detail about National income which will be helpful in preparations. So basically, …