Economy of India

Difficulties in estimating national income in India are as follows: Firstly, in India, most of the people are illiterate. They have no idea about the method of keeping accounts. Secondly, the large non-monetary sector of our economy also stands in the way of the national income estimates. In … [Read more...] about Difficulties in Measuring National Income in India

The Small Scale Industries play an important role in Indian economy in spite of facing numerous difficulties. The Government of India has taken certain measures for the development of cottage and small scale industries. We will discuss those measures in brief in the following: 1. We know that the … [Read more...] about Development of Small Scale Industries in India

Introduction Small scale and cottage industries in India occupy a vital position in the planned industrial development in the country. Not only they provide immediate large scale employment but also offer a method of ensuring a more equitable distribution of the national income. Moreover they … [Read more...] about Problems Faced by Small Scale Industries in India

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 … [Read more...] about Impact of Population on Indian Economy

Introduction The economy of country refers to labor and property supplied by the people of the nation. The national income of a country is expressed in terms of money valued at current price levels. A national income provides a total for the country's whole economy, and permits one to weigh the … [Read more...] about Methods of Calculating National Income in India