Here is an answer outline with hints for the topic “How are the different dimensions of Globalization evolved since the last Global Financial Crisis of 2008. Analyze its impact.” Introduction Define globalization and its different dimensions Discuss the impact of Read More …
Here is an answer outline with hints for the topic “Analyze the Indian Economy after the BoP crisis of 1991”: Introduction Define the Balance of Payments (BoP) crisis and explain how it affected the Indian economy in 1991. Discuss the Read More …
Here is an answer outline with hints for the question “What is the influence of Demographic Transition on economic growth with reference to India”:
Head-count ratio is a measure of poverty that calculates the percentage of the population living below the poverty line. The poverty line is the income level below which a household is considered to be poor. The head-count ratio does not take into account the depth of poverty, or how far below the poverty line households are living.
Sustainable development refers to the concept of meeting present needs without compromising the ability of future generations to meet their own needs. It involves balancing economic growth, environmental protection, and social well-being. This essay aims to define sustainable development and assess India’s position in achieving sustainable development goals.
Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It is a holistic approach to development that takes into account the social, economic, and environmental dimensions of development.
The Balance of Payments (BoP) crisis in 1991 was a pivotal moment in India’s economic history. The crisis led to significant policy reforms and marked a shift towards liberalization, privatization, and globalization. This essay will analyze the Indian economy after the BoP crisis of 1991, highlighting the key reforms, their impact, and the subsequent economic transformation.
The Indian economy is still facing a number of challenges. However, the reforms that were implemented in the aftermath of the 1991 BoP crisis have helped to improve the economy and make it more competitive. The Indian economy is expected to continue to grow in the coming years.
Demographic transition brings forth the concept of a demographic dividend. As fertility rates decline and life expectancy increases, the proportion of the working-age population rises. India, with its large and youthful population, has the potential to leverage this dividend for economic growth. A larger workforce relative to dependents can lead to increased productivity, higher savings, and greater investments. Countries like China and South Korea have successfully utilized their demographic dividends to achieve rapid economic progress.
India experienced a balance of payments (BoP) crisis in 1991 due to a significant current account deficit, low foreign exchange reserves, and a high fiscal deficit. To resolve this crisis, the government implemented various structural reforms, which are discussed below.