Evaluation of Economic Systems in India
EVOLUTION OF ECONOMIC SYSTEMS IN INDIA
Introduction
India is highly diverse and complex, as reflected in its ethnic, linguistic, geographic, religious and demographic features. India is only the second country to achieve a population of one billion (after China). Its current population totals 1.1 billion. It accounts for 17% of the earth's population, and it is its fastest growing nation. The majority of people are Hindu, but there are also large populations of Muslims, Christians, Sikhs, Buddhists and Jains. India has enjoyed strong economic growth for the last couple of decades, growing more quickly than major developed economies such as the UK and US, and only slightly more slowly ...
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is likely to be the third largest economy with a GDP size of $15 trillion by 2030.The economy of India is currently the world's fourth largest in terms of real GDP (purchasing power parity) after the USA, China and Japan and the second fastest growing major economy in the world after China.
Indian Economy is a subject that includes a wide range of topics starting from the economic condition of British India, Five-year Planning after independence, economic policy, globalization policy, national income, poverty, food security, employment, infrastructure, rural development, budget, to Microeconomics and Macroeconomics.
Indian Economy is an essential part of Social Science that makes us understand the economic functioning and conditions of this country in the context of past, present, and future.
Economic systems
Any of the ways in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, ...
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sense of providing a social order with the goods or services it requires to ensure its own continuance and to fulfill its perceived historic mission.
Social coordination can in turn be analyzed as two distinct tasks. The first of these is the production of the goods and services needed by the social order, a task that requires the mobilization of society's resources, including its most valuable, human effort. Of nearly equal importance is the second task, the appropriate distribution of the product. (Seedistribution theory.) This distribution not only must provide for the continuance of a society's labour supply (even slaves had to be fed) but also must accord with the prevailing values ...
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Evaluation of Economic Systems in India. (2020, August 26). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Evaluation-of-Economic-Systems-in-India/107417
"Evaluation of Economic Systems in India." Essayworld.com. Essayworld.com, 26 Aug. 2020. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Evaluation-of-Economic-Systems-in-India/107417>
"Evaluation of Economic Systems in India." Essayworld.com. August 26, 2020. Accessed December 23, 2024. http://www.essayworld.com/essays/Evaluation-of-Economic-Systems-in-India/107417.
"Evaluation of Economic Systems in India." Essayworld.com. August 26, 2020. Accessed December 23, 2024. http://www.essayworld.com/essays/Evaluation-of-Economic-Systems-in-India/107417.
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