NABARD Grade A ESI economic and social issue; chapter – Indian Economy Overview and structural changes
The chapter on “Indian Economy Overview and Structural Changes” is an important topic under the Economic and Social Issues (ESI) section of the NABARD Grade A exam. It covers the overview of the Indian economy, its growth and development, and the structural changes it has undergone over the years. Here is an overview of the topics covered in this chapter:
- Overview of the Indian Economy: This section covers the size and composition of the Indian economy, its strengths and weaknesses, and the economic reforms initiated in 1991.
- Structural Changes in the Indian Economy: This section covers the structural changes that have taken place in the Indian economy since independence, including the shift from agriculture to industry and services, changes in employment patterns, and the contribution of the informal sector to the economy.
- Economic Growth and Development: This section covers the various indicators of economic growth and development in India, such as Gross Domestic Product (GDP), Gross National Product (GNP), and Human Development Index (HDI). It also covers the challenges faced by the Indian economy in achieving sustainable economic growth and development.
- Inflation: This section covers the concept of inflation, its measurement, and the factors contributing to inflation in India.
- Public Finance: This section covers the government’s role in the Indian economy, including the various sources of revenue and expenditure, fiscal policy, and government debt.
- External Sector: This section covers India’s trade relations with other countries, its balance of payments position, and the role of international institutions such as the World Trade Organization (WTO) and the International Monetary Fund (IMF).
Candidates preparing for the NABARD Grade A exam should have a good understanding of these topics and their inter-relationships. It is also important to stay updated with the latest economic developments in India and their implications for the economy as a whole.