Inflation control measures: Monetary and fiscal policiesUnderstanding Inflation Control MeasuresInflation control measures are policies implemented to stabilize prices and maintain economic balance.They are broadly categorized into Monetary Policies and…
Sustainable Development Goals (SDGs)The Sustainable Development Goals (SDGs) are a global framework adopted by the United Nations (UN) in 2015 to address the world's most pressing challenges by 2030. These 17 goals provide a roadmap…
Gender Development Index (GDI)The Gender Development Index (GDI) is a measure developed by the United Nations Development Programme (UNDP) to assess gender disparities in human development achievements. It compares the Human…
Multidimensional Poverty Index (MPI)The Multidimensional Poverty Index (MPI) is a comprehensive measure that assesses poverty beyond income by evaluating multiple deprivations faced by individuals in their daily lives. It was developed…
Human Development Index (HDI)The Human Development Index (HDI) is a composite measure developed by the United Nations Development Programme (UNDP) to assess and rank countries based on their level of human development. It goes…
Achievements and failures of economic planningEconomic Growth: The GDP growth rate increased from around 3% during the initial plans to over 6% in later years.Industrial Development: Established a strong base for industries, particularly in…
Types of planning: Indicative and imperativeEconomic planning involves designing strategies for achieving economic development. The two main types of planning are Indicative Planning and Imperative Planning. These approaches differ in their…
Planning Commission and NITI AayogThe Planning Commission and NITI Aayog are two key institutions in India's economic planning history. The transition from the Planning Commission to NITI Aayog marked a shift in India’s approach to…