Importance of Small Scale Industries in India The small scale industries plays an important role in job creation and employment. It further gives competition to large monopoly players and lay the foundation of sound economy. The government has been following a policy of reservation of items for exclusive development in the small scale…
Read more
Importance of Coal in Indian Econom The importance of coal as a fuel or power resource cannot be overestimated. The economic development of any country largely depends upon its industrial progress. And, the industrial development of a country largely depends upon its possessing a sufficiently large stock of this most valuable mineral product.…
Read more
Impact of Population on Indian Economy In some underdeveloped economics, the increased population may help in the economic progress of the country by providing cheap and abundant labor. It can also expand market which necessitates effective demand. But this is not true in case of the over-populated and under-developed country like India. In…
Read more
Impact of Monsoon on Indian Economy It is said that ‘agriculture is the backbone of Indian economy.” To an agriculturist, water is more valuable than gold. Most Indian crops require abundant, at least sufficient, supply of water. Where there are no irrigation works, the agriculturist gets his water supply entirety from the monsoon. In South…
Read more
How demonetization help in solving the problem of fake currency? Business owners in India have faced a problem with the detection of fake currencies. Another problem is that the holders of fake currencies could be genuine people who innocently hold such money. 2014-15 saw India record a rise in the use of fake…
Read more
How can the government control inflation? Though inflation may help the growth and development of a country’s economy, many evils associated with it cannot be minimized and any Government acknowledging responsibility to its people has the inescapable duty of keeping it under control, at least of minimizing its harmful tendencies. The government can…
Read more
Functions of Reserve Bank of India (RBI) Introduction The Reserve Bank of India (RBI) began its operations as the India’s Central bank in April, 1935. RBI plays an important role in Indian economy. Originally, it was a private shareholders’ bank, but since January 1949 it has been functioning as the nationalized Central Bank.…
Read more
Features of Indian Money Market The Features of Money Market in India have been briefly discussed below: 1. Existence of Unorganized Money Market: The Major defect of the Indian money Market has always been the existence of the indigenous bankers who do not distinguish between short-term and long-term finance. During the last 60…
Read more
Features of Indian Economy – 20 Points Indian economy bags the seventh position among the other strongest and largest economies among the world. Being one of the top listed countries among the developing countries in terms of industrialization and economic growth, India holds a robust stand with an average growth rate of approx 7%.…
Read more
Reasons and Causes of Industrial Sickness in India The various external and internal causes of Internal Sickness in India have been discussed below: 1. External causes Recession in the Market: Sometimes recession hits the whole industry as a result of which individual units are unable to sell their products. The availability of credit is…
Read more