#economy

Indian Economy

The economy of India is characterised as a developing market economy. It is the world’s fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the IMF, on a per capita income basis, India ranked 139th by GDP (nominal) and 118th by GDP (PPP) in 2018. From independence in 1947 until 1991, successive governments promoted protectionist economic policies with extensive state intervention and regulation which is characterised as Dirigism. The end of the Cold War and […]

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COST

Cost refers to the expenditure incurred by a producer on factor as well as non-factor inputs for given output of a commodity. It can be categorized into explicit ( Opportunity cost of hiring inputs from the market, measured in cash payments that firm make to others.) and implicit costs. ( […]

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Life after corona…

In amidst this global pandemic,life has become very harsh for many poor and middle class people. This lockdown has also locked the earnings making them struggle everyday to meet their daily needs. The biggest question of the hour has turned out to be”when will this pandemic meet an end?”.But it […]

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