The World Economic Outlook of October 2019 has estimated India’s economy to become the fifth largest in the world, as measured using GDP at current US$ prices, moving past United…

Monetary policy refers to the policy of the central bank (i.e. Reserve Bank of India) to control inflation and achieve the ultimate objective of economic policy in the country. It…

GDP ≡ Sum total of gross value added of all the firms in the economy GNP ≡ GDP + Net factor income from abroad Model (02) Net factor income from…

Fiscal policy means the use of taxation and public expenditure by the government for stabilization or growth of the economy. Fiscal policy of India always has two objectives, namely improving the…

Poverty The UN Human Rights Council has defined poverty as “A human condition characterized by the sustained or chronic deprivation of the resources, capabilities, choices, security and power necessary for…