GS paper 3
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Gross Value Added (GVA), Concept, Formula, Benefits, Issues
Gorss Value Added (GVA) Gross Value Added (GVA) is a crucial macroeconomic indicator that assesses the value of goods and services produced in an economy, accounting for the costs of inputs and raw materials utilized in the production process. It...
Last updated on May 26th, 2024 02:01 pm -
Circular Flow of Income, Phases, Types, Example, Significance
Circular Flow of Income In the vast interconnected web of economic transactions, the Circular Flow of Income serves as the lifeblood that propels economies forward. This fundamental concept captures the dynamic flow of money, resources, and goods between households, businesses,...
Last updated on May 25th, 2024 06:49 pm -
Net Domestic Product, Definition, Real and Nominal NDP
Net Domestic Product (NDP) In the realm of economics, numerous indicators are utilized to gauge the health and performance of a nation's economy. One such significant measure is the Net Domestic Product (NDP). As a widely recognized indicator, NDP plays...
Last updated on May 25th, 2024 06:28 pm -
Gross National Product, Definition, Nominal GNP and Real GNP
Gross National Product (GNP) Introducing the Gross National Product (GNP), an essential economic indicator that captures the total value of a nation's economic output. It offers valuable insights into a country's economic performance, reflecting the combined efforts of its residents,...
Last updated on May 25th, 2024 03:25 pm -
External Debt of India, Meaning, Impact, Significance
External Debt of India India's External Debt has become a critical subject of analysis and concern in recent years, as the country's economic landscape continues to evolve. As one of the world's fastest-growing major economies, India has experienced significant changes...
Last updated on May 26th, 2024 02:05 pm -
Concept of GDP, GNP, NNP and NDP, Basic Economy Terms
Concept of GDP, GNP, NNP and NDP In the realm of economics, comprehensive measurements are crucial for assessing the health and performance of a nation's economy. Key among these indicators is GDP, GNP, NNP, and NDP, which provide insights into...
Last updated on May 26th, 2024 01:05 pm -
NRI Deposits, Difference Between NRE, NRO and FCNR Account
NRI Deposits NRI deposits have become a prominent aspect of India's financial landscape, serving as a key component of the country's economic growth and stability. These deposits, contributed by Non-Resident Indians, hold immense significance in bolstering India's Foreign Exchange Reserves...
Last updated on May 26th, 2024 01:03 pm -
Foreign Direct Investment (FDI), Types, Advantages, Disadvantages
Foreign Direct Investment Foreign Direct Investment (FDI) plays a pivotal role in shaping the global economy, driving economic growth, and fostering international business relationships. With the increasing interconnectedness of economies, countries around the world are actively seeking FDI as a...
Last updated on May 25th, 2024 03:01 pm -
FERA and FEMA, Objectives, Difference, Salient Features
FERA and FEMA In the ever-expanding realm of international trade and global economic integration, the management of foreign exchange plays a crucial role in maintaining a nation's financial stability and facilitating cross-border transactions. In the Indian context, the evolution of...
Last updated on May 26th, 2024 01:08 pm -
Capital Account Convertibility (CAC), Benefits, Examples
Capital Account Convertibility In today's interconnected global economy, the flow of capital across borders plays a crucial role in shaping financial landscapes and influencing economic growth. One key concept at the heart of this phenomenon is capital account convertibility. Capital...
Last updated on May 25th, 2024 03:18 pm