There are several reasons why India is a poor country. Some have historical roots and others derive strength from socio-political structures. Lack of effective governance and corruption has only sustained Indian poverty.
Overall, India has a lot of low-hanging fruit, but the country has further to go than many observers realize. A quadrupling of per capita income would put them at what, the level of Thailand?
Some proposals would sacrifice strict universality in the name of affordability. India is mulling a "quasi-universal" basic income of 7,620 rupees ($118) per month. The government estimates that it can only be paid to around 75% of the population to be workable. Proposals to limit uptake i...
Learn about the Indian's government's efforts to promote greater ease of doing business in India, making it a good option besides China!
A GlObal PhenOmenOn 7 The WeStern CoUntrieS are Well known for their excessive consumption, but the emerging middle CIaSSeS in China and India are Working hard to join the CroWd too. WhiIe these major PIayerS gain the bulk Of the attention, they are far from alone. From blue jeans in ...
POVERTY ALLEVIATION, BALANCE SHEETS, GOVERNMENT BUDGET, CAPITAL FLOWS, GROWTH RATE, REAL EXCHANGE RATE, PUBLIC FINANCE, INFLATION, GAMBLING, CIVIL SERVICE, GOVERNMENT SECURITIES, PER CAPITA INCOME, BANK DEPOSITS, PUBLIC SECTOR, COUNTRY COMPARISONS, GROWTH RATES, TAX, DEBT, REVENUE SOURCES, FISCAL DEFI...
Norway has a very large sovereign wealth fund, which outweighs its public debt by a very large amount. Norway is one of the few countries in the world that doesn’t need to borrow any money. Norway is a small country with a small population, but with a very long coastline. That long...
Explain the change in the median income of women along with its causes. Explain why we focus on disposable income in the consumption function. Who has relatively higher or lower MPCs, people with high incomes or low incomes? Why? Why is India's household savings rate declining? Explain why...
GDP per capita: considerably higher in the CANZUK area than the other countries, meaning citizens from other countries would likely migrate to the CANZUK area for higher income prospects and quality of life, and not enough CANZUK citizens would be willing to relocate to other countries for lower...
we saw China and Asia starting to take off and GDP per capita rise. This is an important factor in this whole run-up that I would characterize as the Love Trade. A strong correlation is rising GDP per capita, and in China, India and the Middle East, they buy gold and many gifts of...