Category Archives: Economics


I will answer this question, by moulding this question, “What can India do to be ahead of China in terms of economic development”? Economic growth is not a good paradigm if one wants to progress, and sustain progress, because growth Read more…


‘Breakdown of constitutional machinery’ refers to inability of a State to work in accordance with the provisions of the Constitution and thus, invoking state of emergency wherein the President takes over the entire administration of the State notifying that the Read more…


The central problem of an economy is resource allocation, that is, decisions regarding production and distribution of commodities. Resources can be allocated either by the government through economic planning or by the market mechanism. Although markets allocate resources more efficiently Read more…


The reorganisation of states on linguistic basis has generated several problems: Linguistic states are likely to endanger the national unity since they stimulate a feeling of regionalism, hinder economic co-operation between the states and engender antagonistic feelings towards neighbouring states. Read more…


Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within the geographic boundaries of a country during a given year which is calculated by valuing the outputs of all “final goods and services at market Read more…


BJP and Congress are fundamentally different from each other. Ideologically, BJP is a nationalist party. It was the only political party during Atal Bihari Vajpayee’s regime that delivered whatever it promised. Congress is more of a political party which believes more in Read more…