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Definitions: Foreign Direct Investment (FDI) Foreign Direct Investment Foreign Direct Investment is an investment through capital instruments by a person resident outside India in an unlisted Indian company; or 10%…
Category: Economy
Renewable Energy in India – Nuclear, Wind, Solar, Biomass, Small Hydro Power | General Knowledge for Competitive Exam
As of July 2023, Renewable energy sources in India, including large hydropower, have a combined installed capacity of 176.49 GW.
Banking in India | Economy of India
History of Banking in India Banking is mentioned in the Vedas with the word Kusidin translated as “usurer”. Usury also has been mentioned in Sutras and the Jataka stories. Usury is the practice of…
Manufacturing Sector in India [2024]
Introduction to the Manufacturing Sector in India Market Size of the Manufacturing Sector in India Metric Value Notes Highest Annual Exports (FY23) US$ 447.46 billion 6.03% growth over the previous…
Service Sector
Industry
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Understanding Balance of Payments (BoP) and Foreign Exchange: A Comprehensive Guide [2024]
Introduction: Balance of Payments (BoP) The Balance of Payments (BoP) is a crucial economic indicator that represents the difference between the value of imports and exports of goods, services, and…
Economic Planning in India
Economic Planning in India Five-Year Plans First Five-Year Plan (1951-1956) Second Five-Year Plan (1956-1961) Third Five-Year Plan (1961-1966) Fourth Five-Year Plan (1969-1974) Fifth Five-Year Plan (1974-1978) Sixth Five-Year Plan (1980-1985)…
National Income of India: A Comprehensive Overview
Definition of National Income National income is the aggregate monetary value of all the goods and services produced by a country’s residents, including net income from abroad, within a given…
Introduction to Basic Economic Terms
Introduction to Basic Economic Terms Understanding the fundamental terms in economics is essential for grasping the broader concepts and theories that drive economic analysis. Here are some basic economic terms,…