Economic Survey, the annual flagship document of the Department of Economic Affairs, Ministry of Finance is the best material to study the state of Indian Economy. ClearIAS.com has been publishing short summaries of Economic Surveys for last two years (read Economic Survey 2012-13 summary and … [Read more...] about Economic Survey 2014-15 Summary
Economics Notes
NITI Aayog: The new ‘think-tank’ to replace Planning Commission
Government of India has replaced the old planning commission started in 1950 with a new institution called NITI Aayog on 1 January 2015. It works under the chairmanship of Prime Minister. NITI Aayog (National Institution for Transforming India) will seek to provide a critical directional and … [Read more...] about NITI Aayog: The new ‘think-tank’ to replace Planning Commission
From Planning Commission To NITI Aayog: Evolution of Indian Planning
At the time of independence of India, there was a large proportion of impoverished people in the country. Poverty alleviation and improvement of life standards of people were the major considerations of the government. Indian economy needed a direction, which was crippled by foreign subjugation. … [Read more...] about From Planning Commission To NITI Aayog: Evolution of Indian Planning
National Land Records Modernization Programme (NLRMP)
The National Land Records Modernization Programme (NLRMP) was launched by the Government of India in August 2008, aimed to modernize the management of land records, minimize the scope of land/property disputes, enhance transparency in the land records maintenance system, and facilitate moving … [Read more...] about National Land Records Modernization Programme (NLRMP)
WTO, Trade Facilitation Agreement and Indian Stand
India and WTO are important topics for the Civil Services Exam, especially UPSC Mains. In 2013, there was a question for mains - "Food security bill is expected to eliminate hunger and malnutrition in India. Critically discuss various apprehensions in its effective implementation along with the … [Read more...] about WTO, Trade Facilitation Agreement and Indian Stand
Factors Responsible for the Location of Primary, Secondary and Tertiary Sector Industries in Various Parts of the World (Including India)
Factors Responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world vary depending on the sector and the region. These factors include physical, economic, social, and historical considerations. Read here to understand the combination of … [Read more...] about Factors Responsible for the Location of Primary, Secondary and Tertiary Sector Industries in Various Parts of the World (Including India)
Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary
What are the sectors of the economy? Human activities which generate income are known as economic activities. Economic activities are broadly grouped into primary, secondary, tertiary activities. Higher services under tertiary activities are again classified into quaternary and quinary … [Read more...] about Sectors of the Economy: Primary, Secondary, Tertiary, Quaternary and Quinary
Make In India Initiative
If we count the population employed, India is largely an agrarian country. Nearly 50 percent of Indian population depends on agriculture and allied activities for livelihood. But if contribution to GDP is taken as the parameter, India is predominantly a service economy, and the service sector has … [Read more...] about Make In India Initiative
The Shrinking Central Plan and Growing Central Assistance
The Central Plan amount is shrinking while Central Assistance is increasing - the 2014-15 budget paper analysis points to this fact. While the total plan expenditure has slightly increased this year (2014-15), the share for Central Plan is on a decrease while Central Assistance to state plans has … [Read more...] about The Shrinking Central Plan and Growing Central Assistance
UPA’s Interim Budget 2014-15 vs NDA’s Union Budget 2014-15
Many experts feel that there are no significant differences in the economic policies between UPA and NDA. There may be ideological differences, but not in economic policies. Both Congress and BJP now favor a free market economy. The recent Union Budget for the year 2014-15 by Finance Minister Arun … [Read more...] about UPA’s Interim Budget 2014-15 vs NDA’s Union Budget 2014-15
