Self-Employment in India
Self-employed workers are those workers who, working on their own account or with one or a few partners or in cooperative, hold the type of jobs defined as a \”self-employment jobs.\”
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How rural-urban migration contributing to urban poverty?
Rural-urban migration, primarily push migration, resulting in increase in urban poverty, proliferation of slums and squatter settlements in India.
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Gross National Product(GNP)
It\’s the sum of value of all final goods and services produced by the nationals of a country in a year
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Gross Value Added (GVA) Method of GDP
Gross value added (GVA) is the value addition done to a product resulting in the production of final product.
Gross Domestic Product (GDP) is the total value of products produced in the country.
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Gross Domestic Product(GDP)
It is the sum of the value of all final goods and services produced in a country in a financial year or accounting year.Note: The financial year in India begins on 1st April and ends with 31st March, commonly referred as FY. Formula to compute GDP: Y = C + I + G + X
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Intermediate Goods Vs Final Goods
Basic Good: Basic good which itself may not have utility but other good derived from it have that utility. For example, cotton / textile is a basic good because apparels made from it has utility. In other sense, bulk or raw material produced in agriculture, manufacture or construction used for further production of new items.
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Should RBI target Core Inflation or Headline Inflation
The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect
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Cooperative farming, Contract farming and Corporate farming
In view of the declining average size of land holdings in India which has made agriculture non-viable for a majority of farmers, should contract farming and land leasing be promoted in agriculture ? Critically evaluate the pros and cons.(2015) Co-operative Farming Co-operative farming refers to a system in which each member farmer remains the owner
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