India’s overall exports (Merchandise and Services combined) in April-May 2019-20* are estimated to be USD 92.33billion, exhibiting a positive growth of 4.32per cent over the same period last year. Overall imports in April-May 2019-20* are estimated to be USD 109.75billion, exhibiting a positive growth of...
India’s Balance of Payments Position Improves, as Current Account Deficit Declines Further: Economic Survey Foreign Exchange Reserves Continue to Be Comfortable FDI Inflows and Overseas Remittances on an Upward Graph The Economic Survey 2019-20 expressed satisfaction that India’s external sector has gained further stability in the first...
+ The Foreign Trade Policy (FTP) 2015-20 was unveiled by Ms Nirmala Sitharaman, Minister of State for Commerce & Industry (Independent Charge), Government of India on April 1, 2015. Following are the highlights of the FTP: FTP 2015-20 provides a framework for increasing exports of goods and...
C. P. Chandrasekhar and Jayati Ghosh Discussions on the state of the world economy centre around the likely negative impact of the novel coronavirus epidemic and the potential positive effect of the truce reflected in the “phase 1” trade deal between China and India. Though most...
Jomo Kwame Sundaram and Claire Lim Many medicines and medical tests are unaffordable to most of humanity owing to the ability of typically transnational pharmaceutical giants to abuse their monopoly powers, enforced by intellectual property laws, to set prices to maximize profits over the long-term. Most basic...
Read this article to learn about the basic Kaldor’s model in neo-classical theory of economic growth. Introduction: It has been seen that the original Harrod-Domar model (hereafter, mentioned as H-D Model) is rigid, light, one sector and specific with respect to three parameters. A constant proportion of income...
Prabhat Patnaik Wealth data are quite unreliable; and wealth distribution data even more so. Not much faith can be reposed on the absolute figures; but cross-country comparisons, and also movements in the shares of the top decile or percentile of the population over time in any...
Explanation to the Samuelson’s Model of Business Cycle: Samuelson in his seminal paper convincingly showed that it is the interaction between the multiplier and accelerator that gives rise to cyclical fluctuations in economic activity. The multiplier alone cannot adequately explain the cyclical and cumulative nature of the...
By Avinash Dixit and Barry Nalebuff Game theory is the science of strategy. It attempts to determine mathematically and logically the actions that “players” should take to secure the best outcomes for themselves in a wide array of “games.” The games it studies range from chess...
In this article we will discuss about Ricardian theory of comparative cost. Also learn about its assumptions and criticisms. Before the publication of Adam Smith’s Wealth of Nations (1776) the prevalent theory of foreign trade was mercantilism. This doctrine suggested that a country should do all...