Indian economic development

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As per RBI, foreign investment is considered as foreign direct investment (FDI) if the investment is made in equity shares, fully and mandatorily convertible preference shares and fully and mandatorily convertible debentures. In India, foreign direct investment can be done via two routes namely - Automatic route requiring no prior approvals subject to exceptions and Approval route requiring mandatory prior approval of Foreign Investment Promotion Board (FIPB), Department of Economic Affairs…

Consumer Price Index (CPI) in Indian Economy

A comprehensive measure used for estimation of price changes in a basket of goods and services representative of consumption expenditure in an economy is called consumer price index. It has various categories and sub-categories for classifying consumption items and on the basis of consumer categories like urban or rural. It is one of the most important statistics for an economy and is generally based on the weighted average of the prices of commodities. Consumer Price Index (Combined)-based…

🔅Education is a crucial indicator in the Human Development Index (HDI) of a nation.
🔅UNDP’s Global Human Development Index report 2021, cited in the 2022-23 e…【2025】

🔅Education is a crucial indicator in the Human Development Index (HDI) of a nation. 🔅UNDP’s Global Human Development Index report 2021, cited in the 2022-23 economic survey, shows: - Mean years of schooling in India: 6.7 years - Mean years of schooling in China: 7.6 years - Mean years of schooling in Brazil: 8.1 years 🔅The average Indian has about six and a half years of formal education, while contemporaries in China and Brazil have between a year and a year-and-a-half more. 🔅India’s…

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