How India needs to address education to press ahead.

The problem of illiteracy – How India needs to address education to press ahead. In the matter of literacy in India continues to be one of the most backward nations of the world.Till about fifteen years ago, the percentage of literacy in the country was very low. India’s economic and social backwardness is bound to persist , unless speedy measures are adopted to spread literacy among the masses. There is a lot of noise and propaganda…

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Now, India No. 1 FDI Destination

Emerging on top of the foreign direct investment (FDI) league , India has overtaken China and the United States , the Financial Times (FT) data service reported.  A ranking of the top destinations for greenfield investment (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 billion more han China and $4 billion more than the United States. The report also said te country is in…

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social good and economic growth in India

Relationship between social good and economic growth in India India is a diverse country and so are its needs. India lacks a growth model. But there are three major states that distinguished themselves with relatively high levels of human development – Kerala, Himachal Pradesh and Tamil Nadu. You will be surprised to learn that Kerala, Himachal Pradesh and Tamil Nadu are all states that were very poor not very long ago. Whereas, Punjab and Haryana…

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Understanding the tax structure of India

Taxes are the fees or charge levied by the Central government of a country (in India by the Government of India and also by state governments) which is added to the revenue of the government. These taxes are important for the government as because this is the only source of income to the government for operation and to bring in the development in economy and infrastructure. These are the payments which one do to pay…

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Oil and gas Crisis and what it means for today’s world

Oil and Gas price crisis is not a new phenomenon; previous instances in 1970s and 1980s had resulted in skyrocketing of oil prices. But the issue is making headlines because of the scarcity of the resource, this means that such emergency will manifest later on too. The statistics does not support the preposition altogether though with better technology and expertise in the field of oil extraction and other conventional oil resources, the oil reserves have…

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Commodities market – lack of information

Commodities market : How lack of information is creating opportunities for traders When I  talk about commodities market, I intend to discuss to how the trading and supply of various commodities occur around the world and how it affects prices in India and in the process make it easier to understand how this market functions and helps in setting up prices of different commodities around the world. But before I proceed, I must clear up…

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10% growth – What growth rate is good enough to escape poverty for India ?

10% growth – What growth rate is good enough to escape poverty for India? Every economy in the world seems to be so concerned about its growth rate (GDP growth rate). Every economy is aiming for a 10+ per cent growth rate. But the question is, is that what we really need right now? Is growth sufficient for development? Before we move further, we should first understand the difference between growth and development. We hear…

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World Wars and their impact on Indian Economy

World wars always had deeply affected the Indian Economy be it was WW1 or WW2. The reason people don’t talk much about the India and its economy in First World War is that many assume that India was not attached with it, which is quite the contrary. WW2 had much serious implications because it had curtailed India’s trade policies within the commonwealth of Britain and ended India’s touch with European nations. The First World War…

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How accessible banking would mean growth for India

Financial Inclusion – How accessible banking would mean growth for India Poverty’ by definitions is, a state of scarcity of essential resources needed for a comfortable survival and Financial inclusion means giving opportunities of affordable and easily accessible banking facilities and credit to people. Before I begin to elaborate upon how the inclusion of poor will lead to our country’s growth, it is very important to analyze the present scenario of our country. In a…

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Six Worst recessions ever

Weimar Germany (hyperinflation of the 1923) After the World War I, Germany faced strong political and financial instability. The German treasury was all empty due to the world war outlay. The government with the inability to raise proper amount of taxes so that the economy blooms up again, the German government started printing money. But it didn’t go as such, the huge amount of money pumping in the economy caused hyperinflation, the prices skyrocketed which…

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