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Showing posts from September, 2015

Indian Economic Development: An insight on savings and investment From 1950 to 2013

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Introduction The overall growth in India since independence has been largely enabled by the availability of domestic savings and investment, which have increased steadily over decades. The increasing extent of Household savings, Private investment and corporate growth coupled with a relative decline in the public investment has been the forerunner of India’s growth. Although our growth process continues to be dominated by domestic factors, however, the notion of growth driven by saving and investment can only be substantiated upon analysing the growth trends in the economy from the demise of colonial rule to the present day. Growth trends Of India              It is widely believed that the Indian economy witnessed near stagnation in real GDP growth till the late 1970s. The Indian economy continued its real GDP growth over each decade since Independence. Growth of manufacturing production,  was roughly constant at around 5.6- 5.9 per cent for 50 years after Independenc

10 Place Every Economist should visit

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10 Places every Economist should Visit.  Economics is a fascinating subject.  Economists are the biggest freaks. When the world is facing some crisis, we are happy playing with our theories and we really test it on the battlefield. At that time, the whole world is our Test tube. But, when in a job we need to travel a lot be it our own country or abroad. Here is a list of countries which I would like to cover up as an Economist even for free(conditions applied).                                          1. Kuwait It has the world’s most valuable currency. Saving in Kuwait would be delightful. (1 KWD= 3.30 USD=RS218) So, if you want to earn some real money grab a Visa and work for few months after that you will be rich. This place is the member of OPEC where it goes if you own the oil you own the world. Who said I want to earn Dollars :P 2. North Korea North Korea is a closed economy. Simultaneously It is also one of the world's most centrally directed and