Economics Notes

What is meant by Minimum Support Price or MSP? MSP is the minimum price which the government pays for the farmers’ produce at the time of procurement. It is aimed at saving the crops from price fluctuations in the market. The MSP fixed by the government is considered as being remunerative for … [Read more...] about Minimum Support Price (MSP) – Explained with Video

Poverty is a multidimensional concept. Poverty is a state or condition in which a person lacks the resources for a minimum standard of living. Traditionally, the term poverty refers to lacking enough resources to provide the basic necessities of life - food, clean water, shelter and clothing. … [Read more...] about Poverty – Dimensions and Challenges Explained

Everything you need to know about the Foreign Trade of India. Foreign Trade (International Trade) is all about Exports and Imports. What is the total value of India's exports and imports? Which is higher - exports or imports? What are the main export items? What are the main import items? … [Read more...] about Foreign Trade of India: Concepts of International Trade

Foreign Direct Investment (FDI) is considered as a significant source of non-debt financial resource for economic development. A non-resident entity can invest in India except in those sectors/activities which are prohibited. A person resident outside India may hold a foreign investment in any … [Read more...] about Foreign Direct Investment (FDI) in India: Definition and Statistics

To understand the money supply in the economy RBI uses monetary aggregates like M0, M1, M2, M3 etc. The money supply is the total value of money available in an economy at a point of time. In India, Reserve Bank of India (RBI), measures the money supply and publishes it on a weekly or … [Read more...] about Monetary Aggregates: Understand the Monetary Statistics M0, M1, M2, M3 etc