Nurturing Tomorrow: A Deep Dive into Sustainable Development Introduction In the 21st century, the concept of sustainable development has emerged as a guiding principle for fostering a harmonious relationship between human societies and the planet. It goes beyond immediate economic concerns, emphasizing the need to meet the needs of the present without compromising t…
Read moreThe Evolution and Dissolution of India's Planning Commission: A Journey of Economic Planning Introduction The Planning Commission of India was a pivotal institution that played a central role in shaping the country's economic policies and development strategies for over six decades. Established in 1950, it served as the primary agency responsible for formulat…
Read moreBalancing the Scales: Understanding the Dynamics of the Balance of Trade Introduction In the global theater of commerce, the balance of trade plays a pivotal role in shaping a nation's economic landscape. It is a measure of the difference between the value of a country's exports and imports of goods. In this blog, we'll delve into the intricacies of the b…
Read moreDeflationary Dilemma: Unraveling the Complex Dynamics of Deflation in the Economy Introduction Deflation, characterized by a sustained decrease in the general price level of goods and services, stands in stark contrast to inflation. While inflation is often viewed with caution due to its eroding effect on purchasing power, the question arises: Is deflation good for t…
Read moreFather of Economics The term "father of economics" is often associated with several prominent figures in the history of economic thought, each of whom has made significant contributions to the field. Here, we'll discuss two of the most well-known "fathers of economics": Adam Smith and John Maynard Keynes. Adam Smith: The Father of Modern Econo…
Read more