UPSC Syllabus Topic: GS Paper 3 -Growth and development Introduction Long phases of economic change shape global power, production systems, and technology leadership. These phases are driven by clusters of breakthrough technologies that transform how economies function. As the digital economy matures and new frontier technologies converge, another long wave of growth is emerging. India… Continue reading India and the next Kondratiev wave
Tag: growth and development
A cycle of low growth, higher inflation
Source: The Hindu Synopsis: Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery Background Some economists are of the opinion that the Government should not intervene with the economy and that it will revive by itself. These economists’ reason that, like after the Great Depression, the… Continue reading A cycle of low growth, higher inflation
