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The Indian Economic Census is a comprehensive survey that counts every business unit in India. This includes all entities engaged in economic activities, whether they are in agriculture or non-agriculture sectors. The census aims to gather data on businesses that produce or distribute goods and services—not just for personal use....
India's economic journey since its independence in 1947 has been shaped by various political philosophies and policies, especially those inspired by socialism. Let's break down the key events and developments that have turned India into a major global economy today....
Consumer confidence refers to how optimistic or pessimistic people feel about the economy and their personal financial situations. When consumers feel secure about their jobs, income, and the overall economy, they are more likely to spend money. This spending is known as consumption, which is a major component of economic growth....
Foreign Direct Investment (FDI) in India is a significant monetary source for economic development. The government of India acknowledges and encourages FDI, which is directly associated with the country's economic growth. ...
The Directorate General of Foreign Trade (DGFT) is a part of the Indian Government’s Ministry of Commerce and Industry. This aspect of the Indian government is in charge of all things related to foreign trade. Its main responsibility is to administer and regulate India's international trade activities. ...
The Appellate Tribunal for Foreign Exchange, commonly known as the FEMA Tribunal, is a specialized court in India that deals with issues related to violations of foreign exchange laws. Here's a simpler breakdown of its functions, structure, and relevance in the Indian financial system....
The Federation of Indian Export Organisations (FIEO) is an important agency in India that is primarily involved in promoting trading activities. It was established by the Ministry of Commerce, which is a part of the Government of India, in partnership with the private sector trading and industrial groups. The inception of this organization dates back to the year 1965....
The <strong>1991 Indian economic crisis</strong> marked a significant turning point for the Indian economy, driven by problems in the balance of payments, heavy reliance on imports, and external challenges....
India's external debt is the debt owed by India to foreign creditors. This encompasses any debt the Indian Union Government, State Governments, Indian businesses, or Indian citizens have with foreign commercial banks, other governments, or international financial institutions....
The Foreign Exchange Management Act (FEMA), enacted in 1999, is a significant law in India that governs foreign exchange transactions. The main goal of FEMA is to make it easier for people and businesses to deal with foreign currency and to promote smooth international trade and payments....