The Role of the Service Sector in India’s Economic Development The economic development of any nation hinges profoundly on the advancement and progression of its three fundamental economic sectors: the primary sector, secondary sector, and tertiary sector. Each sector plays…
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Economic Inequality: An In-Depth Exploration Economic inequality, a pressing concern in today’s world, signifies a situation where there exists an unequal distribution of income and opportunities among various societal groups. It manifests as income disparities among individuals and the unequal…
Fiscal policy, a pivotal component of economic management, pertains to the strategic use of government spending and taxation to influence an economy’s trajectory. Governments wield this tool to tackle economic challenges and achieve macroeconomic objectives like reducing unemployment, fostering growth,…
GeM, the Government e-Marketplace, emerged as a transformative government initiative launched on August 9, 2016, by the Ministry of Commerce and Industry in India. This dynamic online portal serves as a one-stop solution for the procurement of common goods and…
Explore the world of Green Hydrogen through the lens of UPSC with this in-depth article. Gain insights into its significance, production methods, environmental impact, and much more. Introduction In recent years, Green Hydrogen has emerged as a game-changer in the…
Per capita income serves as a crucial economic measure, providing insight into the average earnings of individuals in a specific country, state, or city. It stands as a yardstick for gauging the standard of living and overall quality of life…
Return on Investment (ROI) is a critical performance metric used to evaluate the effectiveness of an investment or to make comparisons between different investment opportunities. It represents a ratio that assesses the profitability or loss of an investment relative to…
The foreign exchange (forex) market stands as the largest financial market globally, serving as the arena where currencies from different nations are traded against one another. The value of a currency is primarily determined by its exchange rate relative to…
20 most Important questions of Government Budget and The Economy. Government Budget 1. What is the significance of measuring fiscal deficit? Ans. “The fiscal deficit is an important indicator for governments because it shows how much they depend on borrowing to pay…
Balance of Payments and Foreign Exchange Rate Most Important Questions Balance of Payments and Foreign Exchange Rate Ans. No, In the context of India, the increase in forex reserves does not necessarily indicate a direct rise in production activities. Forex reserves,…