NABARD Grade A ESI economic and social issue; chapter – GDP growth and development
The chapter on “GDP Growth and Development” is an important topic under the Economic and Social Issues (ESI) section of the NABARD Grade A exam. It covers the concept of Gross Domestic Product (GDP), its measurement, and the factors contributing to economic growth and development. Here is an overview of the topics covered in this chapter:
- Concept of GDP: This section covers the definition of GDP, its components, and its importance as a measure of economic growth and development.
- Measuring GDP: This section covers the various methods used to measure GDP, including the expenditure approach, the income approach, and the production approach. It also covers the limitations of GDP as a measure of economic well-being.
- Factors Contributing to Economic Growth: This section covers the various factors that contribute to economic growth, including investment, human capital, technology, and entrepreneurship.
- Economic Development: This section covers the various dimensions of economic development, including poverty alleviation, human development, and sustainable development.
- Economic Growth and Inequality: This section covers the relationship between economic growth and income inequality, including the Kuznets curve hypothesis.
- Economic Growth and Environmental Sustainability: This section covers the relationship between economic growth and environmental sustainability, including the concept of sustainable development.
Candidates preparing for the NABARD Grade A exam should have a good understanding of these topics and their inter-relationships. They should also be able to analyze economic data and interpret economic indicators such as GDP growth rates, inflation rates, and unemployment rates.