economics

Unit 1

[[Nature of Indian Economy]]

[[Five Year Plan Model & Assessment]]

[[Planning Commission & Niti Ayog]]

Unit 2

Sources of [[revenue]]

[[RBI]]

[[Fiscal Policy and Monetary Policy]]

[[Finance Commission]]

Resource sharing between Union and State Governments

Goods and Services Tax

Unit 3

Structure of Indian Economy and Employment Generation

[[Land Reforms and Agriculture]]

Application of Science and Technology in Agriculture

Industrial growth

[[Rural Welfare Oriented Programmes]]

Social Problems

[[General/Geography/Population]], Education, Health, Employment, Poverty.

Nature of Indian Economy

Characteristics of Under Developed Nations

  1. A country’s economic growth is usually measured by National Income, indicated by Gross Domestic Product (GDP). The GDP is the total monetary value of the goods and services produced by that country over a specific period of time, usually one year.The quality of life is being assessed by several indices such as
    Human Development Index (HDI)
    Physical Quality of Life Index (PQLI)
    Gross National Happiness Index (GNHI)
    (GNHI)The term “Gross National Happiness” was coined by the fourth king of Bhutan, Jigme Singye Wangchuck, in 1972. It is an indicator of progress, which measures sustainable develop-ment, environmental conservation promotion of culture and good governance.