Economy & Politics› Economy State of the Indian economy - statistics & facts As the world’s largest democracy, with the largest population and a GDP valued at 3.5 trillion U.S. dollars, India’s economic prowess has been closely scrutinized by the world. The South Asian giant now ranks...
“The soul of India lives in its villages.” Mahatma Gandhi’s famous words from about 70 years ago still hold for modern India. Rural India is home to around 65 percent of the country’s population. The Reserve Bank of India defines rural areas as those with a population of less than ...
UK Facts | United Kingdom Economy UK pound notes The Pound Sterling is one of the strongest currencies in the world. The UK is among the world’s largest economies after USA, China, Japan, Germany and India. The United Kingdom is the third largest economy after Germany and France on the...
Istanbul: Turkey's largest city is known for the scenic location at the Bosporus strait that connects the Marmara Sea with the Black Sea. The Hagia Sophia mosque, which for many years was also used as a church, is one of the most famous landmarks in the world. Hagia Sophia in Istanbul...
This is consistent with India's structural transformation from a pre-dominantly agricultural and planned developing economy to a more market based industrial-income economy. We also identify in what respects the behaviour of the Indian business cycle is different from that of other advanced economies,...
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Business cycle stylized facts from a transitioning economy Chetan Ghate a,∗ , Radhika Pandey b , Ila Patnaik b,1 a Indian Statistical Institute – Delhi Center; ICRIER, New Delhi, India b NIPFP, New Delhi, India a r t i c l e i n f o Article history: Received 12 October 2011 Re...
It is known from archaeological evidence that a highly sophisticated urbanized culture—theIndus civilization—dominated the northwestern part of the subcontinent from about 2600 to 2000bce. From that period on, India functioned as a virtually self-contained political and cultural arena, which gave rise...