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.
Gross Value Added (GVA) Method of GDP Read More »
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
Gross Domestic Product(GDP) Read More »
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.
Intermediate Goods Vs Final Goods Read More »
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
Should RBI target Core Inflation or Headline Inflation Read More »
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
Cooperative farming, Contract farming and Corporate farming Read More »
Mains PYQs What were the factors responsible for the successful implementation of land reforms in some parts of the country? Elaborate.(2024) State the objectives and measures of land reforms in India. Discuss how land ceiling policy on landholding can be considered as an effective reform under economic criteria.(2023) How did land reforms in some parts
Land Reforms in India Read More »
Mains PYQs Elaborate the scope and significance of the food processing industry in India.(2022) What are the challenges and opportunities of food processing sector in the country? How can income of the farmers be substantially increased by encouraging food processing?(2020) Elaborate the policy taken by the Government of India to meet the challenges of the
Food Processing – Scope, Significance and Challenges, Initiatives by GOI Read More »
Mains PYQs Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Green Revolution It is the introduction of new techniques of agriculture which became popular by the name of the Green Revolution (GR) around the world in early 1960\’s – at first for wheat and by
Agriculture Revolutions in India Read More »
