Basic Economy

Basic Economy : Indian Perspective

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GST Articles

Basics of GST [1/3]🔠
Features and Effects of GST [2/3]🔠
How to work GST? [3/3]🔠

Share Market and Related

Share Market : Basics🔠
Financial Market: Explained🔠
Money market Explained🔠
Capital market: Explained🔠
Securities in Share market🔠
Stock Exchange : Explained🔠
How does the stock market work?🔠
Types of shares?🔠
Bond market : Basics🔠
Mutual Fund: What, How, when?🔠
Different Types of Mutual Funds🔠
Insurance : Benefits, Meaning etc.🔠
Derivatives: Explained🔠
Forward Derivatives🔠
Future Derivatives: Explained🔠
Option derivatives : Explained🔠
Swap Derivatives Explained🔠

Economy key differences

difference between money market and capital market🔠
Share and Equity differences🔠
difference between bond and debenture🔠
difference between bond and loan🔠
Difference between Private Limited and Public Limited🔠

Basic Economy

basic economy

The Indian economy is a developing middle income market economy. It is the fifth largest economy in the world by nominal GDP and the third largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), based on per capita income, India was ranked 142nd by GDP (nominal) and 128th by GDP (PPP). From independence in 1947 to 1991, successive governments have promoted protectionist economic policies, with extensive state intervention and economic regulation.

This is characterized as dirigisme, in the form of License Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of broad economic liberalization in India. Since the beginning of the 21st century, the average annual GDP growth has been 6% -7%, and from 2013 to 2018 India was the largest fastest growing economy in the world, surpassing China. Historically, India was the largest economy in the world for most of the two millennia from the 1st century to the 19th century. [ref]