Major Industries of India
India has a wide industrial base ranging from iron and steel to textiles, cement and IT. These industries drive growth and employment.
Latest Economy articles & notes for all competitive exams.
India has a wide industrial base ranging from iron and steel to textiles, cement and IT. These industries drive growth and employment.
The Human Development Index measures a country's progress in health, education and income. It is published by the UNDP every year.
The public sector is owned by the government while the private sector is owned by individuals and companies. Both drive India's mixed economy.
Agriculture is the backbone of the Indian economy, employing a large share of the population and supplying food and raw materials to industries.
National income measures the total value of goods and services produced in a country. It is calculated using the product, income and expenditure methods.
Fiscal policy is the government's use of taxation and spending to guide the economy. Fiscal deficit shows the gap between total spending and total income.
Demand and supply are the core forces that decide the price of goods in a market. Their balance determines the market equilibrium price.