Macroeconomics deals with the household and the firm through the automatic mechanism of aggregate demand and aggregate supply until and unless demand deadlock or supply side rigidities affect. In these cases of demand deadlocks and supply side rigidities, intervention seems to be a general...

It has been observed that human capital is an important factor behind economic growth, especially corresponding to the developed countries or, of the Organization of Economic Cooperation and Development (OECD) countries over the past five decades. The theoretical models differ however regarding...

Macroeconomics deals with the household and the firm through the automatic mechanism of aggregate demand and aggregate supply until and unless demand deadlock or supply side rigidities affect. In these cases of demand deadlocks and supply side rigidities, intervention seems to be a general...

India, at present, is the fastest growing country of the world, replacing Peoples' Republic of China. The economy of India is the seventh-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP). This phenomenal achievement amidst economic slowdown worldwide has...

In 2015 and in 2017, India has become world's fastest growing major economy surpassing China. It has also become the third-largest country of the world in terms of ‘GDP by purchasing power parity (PPP)'. This stunning performance of India over the last two decades, especially in face of...

Some LDC'S provide their product estimates at producer's or market prices while others give it at factor cost making international comparison tricky. When input–output transactions tables are available and are given at factor cost, as in India, modifications based on such tables can give a...

Abstract In the historical development experience of the world as a whole, there is an obvious kink around 1970s, i.e., the brief period around which the capitalist development has changed its course from industrialization to ‘tertiarisation'. The problem with India (and several other...

Macroeconomics deals with the household and the firm through the automatic mechanism of aggregate demand and aggregate supply until and unless demand deadlock or supply side rigidities affect. In these cases of demand deadlocks and supply side rigidities, intervention seems to be a general...

Indian agriculture has shown a steadily rising trend in Per Capita Agricultural Gross Value Added (PCAGVA) despite facing considerable barriers since independence. If compared with other nations, the trend of per capita agricultural value added may be ordinary. However, the role of the ‘Green...